4 ms·
the problem is thought that people don't pay local school and property tax based on individuals. They pay based on per $k of property value. To be blunt, a hig
by uberman 5y ago
the problem is thought that people don't pay local school and property tax based on individuals. They pay based on per $k of property value.
To be blunt, a high density housing project going into a low density community is literally leaching off the existing tax basis. Exacerbating this is the fact that developers often know how to game local tax laws further reducing their tax burdens and thus shouldering it on others.