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Oh that makes a lot of sense. Then perhaps the cost of land is just too low in US cities? How are parking lots taxed?
by adrianN 5y ago
Oh that makes a lot of sense. Then perhaps the cost of land is just too low in US cities? How are parking lots taxed?
- kube-system 5y agoThey’re taxed as many different ways as there are cities. The main factor is the space available and the cost of the land when the parking was built. Density, land value, and taxes on that land tend to move together. Huge surface lots are most common in the sprawling parts of the US that were developed post-automobile: particularly suburbs and sprawling western cities. Some of that land that is now part of a city, wasn’t, when it was developed. It was cheap land outside of a city at the time.
- midasuni 5y agoIt’s crazy there are surface lots in Manhattan.
- Sohcahtoa82 5y ago> Then perhaps the cost of land is just too low in US cities? Land generally is cheap in the USA because the USA is pretty damn big. Europeans often don't think about how large the USA is. California alone is larger than every European country except Sweden, Spain, France, and Ukraine, and Texas is bigger than any of those. We have 10 states that are each bigger than the UK on their own. It's why nobody in the USA takes a train anywhere. Even with a 200 mph train, it would take 15 hours to cross the country, and that's assuming no stops. In some states, you could ride that train for 3 hours in a straight line and not even leave the state.