> If you are at peak carrying capacity in a given city you need to expand infrastructure...
Why not say, "sorry, we are full"?
Why not say, "sorry, we are full"?
It really comes down to transit not where lines are drawn on a map.
But yeah, property taxes can be rough, they’re meant to ensure that you’re not sitting on land that could be used more productively. On the other hand, your neighbor’s investment in land has apparently paid off in terms of appreciation.
With prop 13, I’d support age-based property tax abatement, but the current way it’s set up is insane (commercial property gets the same treatment, the tax basis can be passed on to heirs, if you sell less than some fractional share of the land, it doesn’t trigger a reset, and some other insane provisions).