I pay an annual fee for a street parking permit.
The "reserved" land is a street: what else is it going to be used for except transportation?
The house I'm in was built before cars were even invented (1890s) and there were streets then, but even as early as 1907 cars were being used (there are photographs of my neighbourhood with them).
A common resource that is unmetered just ends up being abused. There's lots of data on this, e.g.:
* https://en.wikipedia.org/wiki/The_High_Cost_of_Free_Parking
And I'm not sure if the various taxes that are paid actually cover the costs of all the roads (never mind the externalities causing climate change). Certainly there is a lot of public utility to paved roads/highways such that some level of 'subsidy' is probably warranted, but I think that congestion pricing needs to be done a lot more too: