California's tax system through 1978's Prop. 13 incentivizes landbanking, or keeping land non- or under-utilized.https://twitter.com/sama/status/790954275689988096 …
-
-
Replying to @kimmaicutler
@sama@nytimes This assessment confuses me. The best way to generate more taxes under Prop 13 is to build / sell more units.2 replies 0 retweets 2 likes -
the new units do not necessarily pay their own way in terms of public services.
1 reply 0 retweets 0 likes -
Is effective tax rate on new units low? Or the price of new units not high enough?
1 reply 0 retweets 0 likes -
no it's that units of housing require services like police, fire, schools at a level that office/retail doesn't.
1 reply 0 retweets 0 likes -
OK. They can make more with other types of development. Doesn't seem like a Prop 13 issue, though.
2 replies 0 retweets 1 like
and then for the land owner, if you re-develop your parcel, your assessment goes up.
11:10 AM - 25 Oct 2016
0 replies
0 retweets
1 like
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.