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why is there a different tax for farmland and for datacenters? Because we want datacenters to pay more! I understand making some deals, but this is slightly mu
by rtpg 9y ago
why is there a different tax for farmland and for datacenters? Because we want datacenters to pay more!
I understand making some deals, but this is slightly much. You wouldn't make a deal like "Oh if you open a bank here we'll exempt you from capital requirements".
- colechristensen 9y agoProperty tax is based on the assessed value of the land and what's (permanently) on it. A lot with a house is assessed higher than one that's vacant. A parcel of farmland is assessed quite a lot lower than one with a hundred million dollar data center built on it. The tax abatement says Apple gets to pay the property tax for X years assessed at the value before they build anything.