Reply to MoCo “Attainable Housing” plan and property values

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[quote=Anonymous][quote=Anonymous]the council wants to destroy SFH, while at the same time wanting local control of taxes to exorbitantly increase property taxes on SFH's.

so they basically want people to pay double in property taxes while at the same time doing everything to destroy property values.

and when property values go down, they will still increase property taxes to pay for the mess they created.

they keep talking about all these people who are going to move here, I dont know why, the county isnt creating jobs, its anti business and propped up by the federal government.[/quote]

Yeah, the part about encouraging conversions from single family detached to duplex/triplex/quadriplex by reducing property tax really caught my notice.  A convering owner-occupant would get a 50% break for a duplex, a 66% break for a triplex and a 75% break for a quadriplex.  For 10 years.  Those buying the other units in the plex would get it for 5 years.

Public burden goes up with the additional units/population, but property tax revenue from them is hamstrung.  Guess who pays to fill that gap?[/quote]

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