2 ms·
Not necessarily true. An upzoning will likely increase the value of the land, which will result in higher property taxes (assuming this is a normal city with no
by Tiktaalik 6y ago
Not necessarily true. An upzoning will likely increase the value of the land, which will result in higher property taxes (assuming this is a normal city with no prop13 nonsense).
The higher taxes could effectively force a land owner to sell their property.
Often part of what existing land owners are fighting for is preferential zoning which artificially keeps the "highest and best use of land" a low density detached house, which keeps land values relatively low.
- RhodesianHunter 6y agoThis is assuming no or poor homestead exemption.