Reply to Montgomery County introducing a bill that would change the R-60 zoning near metro stations

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What are the impacts for owners of the new built and the old houses?  It already costs 90k for small lots.  The new built houses sell from 1.7 M.  Will the proposed change make the land go higher or lower?  For any new houses on market, who wants to purchase them, if you will be surrounded by cars?[/quote]

Land value will go way up for existing SFHs in the newly re-zoned areas. Profit potential is much higher for developers when they can build a couple units on a single lot. Parking will get more difficult. Too bad, y’all live near the Metro. Park in your driveway.

DC solved the high price for land issue thru the Homestead limitations. Assessed value can only go up by so much each year and senior residents get even stronger protections from big increases in property taxes. I think it’s a smart policy to deal with the rapid increase in land value.

https://otr.cfo.dc.gov/page/homesteadsenior-citizen-deduction

The density is coming, so prepare for it. My suggestion is to organize residents to strengthen Homestead exemptions, particularly for seniors.

[/quote]

There is a homesread examption, not sure is from State or county.
What will happen to the lots some builders already own?  Will they put a single family house on the lot?  Who wants to buy a new house there?  [/quote]

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