2 ms·
Many of the houses abandoned in Detroit were abandoned (and often torched) due to the ridiculously high property taxes and lack of value returned by the city fo
by yucky 4y ago
Many of the houses abandoned in Detroit were abandoned (and often torched) due to the ridiculously high property taxes and lack of value returned by the city for those taxes.
It's hard to justify telling land owners to pay high property taxes when the city delivered the highest crime rates and worst performing schools in the nation in exchange for those tax dollars.
- lmm 4y agoLand value tax aligns incentives better. If property values go down because the place sucks, at least your tax bill drops in line with that.