Modernizing Property Tax Assessments in Allegheny County(prohousingpgh.org) |
Modernizing Property Tax Assessments in Allegheny County(prohousingpgh.org) |
Reminds me of what happened to San Francisco after the tech boom. What a loss. These people who come to these cities for the economic zone are sick - they will literally let people die on the street. I wish Pittsburgh could tax the landowners into poverty.
De-industrialization for decades on decades - of which Pittsburgh did an okay job of pivoting (many many other towns nearby faired far far worse) - pile on brain drain to the Coasts and a opioid epidemic to boot, I don’t see how this is an indictment of Yinzers.
Silly leftist talking points - If you taxed the landowners into poverty they would simply move to the outside boroughs and … oh wait they already did that long before the taxation became as asinine as you are suggesting.
I actually went through the Allegheny county “newcomer tax” just some months ago.
It was a bit of a strange process to appeal (I lost; my house is very weird for the area).
While I do see the benefit for not raising taxes so consistently for long-term owners (and could definitely see gentrification-esque effects) it does seem like a pretty obvious - if bitter - pill to swallow if the area is going to have any chance of continued growth.
I’ve become intimately familiar with Youngstown, OH - about 70 miles away from the Pittsburgh - and it’s a great case study of how far a once-powerhouse city can fall if it doesn’t a actively reinvent itself.
It’s sad when a city that could go either way chooses to rust and its most talented young people no longer have the option of staying in their home if they want dynamic careers.
And if you read the linked paper, particularly the section "Effects of Reassessments on Split-Rate Taxing Bodies" (split rate being the riff you're referring to), making land value assessments more accurate of course makes land value taxation more appealing.
Your company definitely bought / financed it, so it is clear evidence of your financial means at the purchase time.
Businesses that own land don't pay federal taxes, they can just declare 0 profit every year while paying for range rovers for the owners.
Eh? Working people always pay the property tax, landlords do not.
Evidence: the free cash flow varies wildly per geography even in the same tax region.
Landlords will accept negative cash flow in expectation of property value increase.