5 ms·
I think you're missing the point here. Yes, the externally assessed value of the house will vary depending on where it is. The cost of public services apporti
by esotericn 8y ago
I think you're missing the point here.
Yes, the externally assessed value of the house will vary depending on where it is.
The cost of public services apportioned to the house is not linearly correlated to its' externally assessed value.
If you move a suburban flat into the centre, slice it into the middle of a skyscraper say, it'd be worth way more, but it'd cost about the same to maintain the roads and take the bins out.
(Actually it'd probably cost less in the city, so in that particular case the public costs would be inversely proportional to value...)
- conanbatt 8y agoWe can perform an intuivite verification of this by dividing the city revenue/expenditures over 1. residences, 2. area, 3. people. Example: San francisco has an 11 billion tax revenue[1] It has 880.000 residents [2] It has 121 km2 [3] It has 345,811 Households [3] (note this is an old census, the number has probably gone up a bit) 11 billion / 880.000 = 12.500 U$S This means that every resident in the city would have to pay 1040U$S a month (including babies and elderly) just to pay for the city revenues. 11 billion / 121km ~= 91 million in expenditures per square km. 11 billion / 350k household ~= 31,500: each household has to pay 2625 a month just to maintain the city revenues. Kind of impressive isnt it! [1] https://www.sfchronicle.com/bayarea/article/SF-s-budget-soars-by-937-million-and-will-top-12955416.php https://www.sfchronicle.com/bayarea/article/SF-s-budget-soar... [2] http://worldpopulationreview.com/us-cities/san-francisco-population/ http://worldpopulationreview.com/us-cities/san-francisco-pop... [3] https://en.wikipedia.org/wiki/Demographics_of_San_Francisco#Education,_households,_and_income https://en.wikipedia.org/wiki/Demographics_of_San_Francisco#...