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Aren't local tech companies offices paying taxes that should take care of that? Unless you mean that tech companies should build private roads and infrastructur
by d1zzy 8y ago
Aren't local tech companies offices paying taxes that should take care of that? Unless you mean that tech companies should build private roads and infrastructure which sounds very bad... The way you get money from private parties and use it to build public infrastructure is through taxes :)
- vkou 8y agoBecause tax rates are the same for old, and new residents/employers, they aren't paying enough to offset the costs they are adding to the system. If you and your 4 roommates rent a 5-bedroom house... And then a sixth person moves in, and demands that everyone spends $20,000 each, to construct a sixth bedroom... The old residents are getting a pretty bad deal. The new resident paid $20,000 to get a room... But the rest of the house paid $100,000, for no benefit to themselves. Cities have zoning/subdivision fees to deal with this exact problem. If you're adding X new units to the city, you have to pay for the infrastructure to support these X units.
- jdavis703 8y agoThe reason you're getting downvoted is because your facts are wrong, property tax is lower for older residents because Prop 13 limits increases in assessed value. Further new projects are saddled with a wide variety of impact fees. Overall new residents wind up subsdising old residents.
- DrScump 8y agoproperty tax is lower for older residents That's incorrect as written. Perhaps you meant to say that "for otherwise equal properties, tax is lower for owners with longer tenure in that property." It has nothing to do with owner age.
- ThrustVectoring 8y agoTech company office taxes incentivize local municipalities to open offices, not to build houses. And in fact that's exactly what happens - offices go up, but the people to work there have to commute in from outside the municipality.
- kevin_thibedeau 8y agoSeems the solution is to have mixed use high rises.