3 ms·
The jobs/housing ratio is strange, but I imagine they wanted to add commuters rather than residents, thereby enjoying increased tax revenue without increasing r
by musicale 4y ago
The jobs/housing ratio is strange, but I imagine they wanted to add commuters rather than residents, thereby enjoying increased tax revenue without increasing residential density or building upward, both of which could potentially reduce the value for incumbent homeowners and/or change the character of existing neighborhoods. The main downsides for the cities themselves would be increased traffic, potential parking issues, and a completely unaffordable housing market, as well as long-term threats like state intervention.
- atoav 4y agoI haven't done the math, but my intuition would be that people living there would give you more tax revenue per unit of area than office spaces and their parking lots. Parking lots are dead areas that will not generate tax directly and roads are huge sinks of tax money, even if the people using them are not working in your commune.
- imtringued 4y agoYour intuition is wrong because residential property taxes are frozen and only change when people move.
- conk 4y agoProp 13 applies to both residential and commercial property. Also new home construction would be assessed at the currrent market value. So no difference from a tax perspective for the town/city.