Cadastral tax in Europe – how would it affect Poland?

A cadastral tax is levied on the market value of a property, not just its area. In many Western European countries, it is the standard; in Poland, it remains a political taboo and a scarecrow for investors. Its sudden introduction would mainly hit funds and wealthy rentiers holding empty apartments for speculation. Forced to cut costs, they could flood the market with their listings. Such a panic would cause a sudden drop in prices, providing an incredible opportunity for cheap, direct purchases for those with quick cash.