Reply to The DMV needs a YIMBY revolution

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Reply to "The DMV needs a YIMBY revolution "

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Simply increasing the number of units will not be accretive to the tax base.  People are being told that they have a “Right” to live where they choose.  Not true.  [/quote]

Really? A 20 story building is going to be assessed at $100 million. The 10 or 15 SFHs on that same parcel would be assessed at a fraction of that. Of course, to encourage growth and affordable housing, the building owner may end up not paying taxes [/quote]

This seems like a good idea. No reason to pay for any public services that the 20-story building might use. [/quote]

Excellent idea. More demand for services and no new resources. The math definitely maths.[/quote]

The people living in that 20 story building pay income and sales tax. The company that owns the building pays property tax. Lots of new resources.[/quote]

Unless the company got a property tax abatement for that building, which happens all too often. [/quote]

Homeowners of SFHs get property tax abatements (aka the homestead exemption), at least in Maryland.[/quote]

Homeowners aren’t getting 100 percent (except in limited circumstances like fully disabled vets) and the homestead  exemptions has become basically worthless as assessments have risen but the exemption hasn’t. MF developers are getting 100 percent abatements on top of massive fee reductions, at least in Maryland. [/quote]

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