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]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]

This response indicates either a lack of math literacy or intentionally misleading rhetoric. Most local tax revenue a from property taxes and most localities don’t have direct income taxes, so they don’t necessarily benefit from changes in income tax revenue attributable to their district. Sales taxes make up a relatively small share or total tax revenue and they do not come close to offsetting the cost of providing services for new residents. A LVT is not a serious policy proposal unless you change the entire system for local government funding. It will force elderly people out of their homes and bankrupt local governments. [/quote]

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