Facing an economic downturn and an uncertain future, cities and towns need to make smart decisions about land policy and investments in infrastructure (among other things). In this episode, I look at Northfield’s tax capacity along with possibilities for increasing the productivity of taxable land and improving the value capture of existing infrastructure. I also compare various commercial properties and discuss their contributions to the tax base.
I apologize for the substandard quality of the audio. I recorded it outside the studio and messed up at least one setting on my equipment, but didn’t realize it until later.
What Everyone Ought To Know About Land & Taxes
|NORTHFIELD – LAND USE BY TYPE (2007) *|
|Parks, open space||16.1%|
|Public & quasi-public||9%|
|* From Appendix A of the Comprehensive Plan|
Example parcels, 2012 tax revenue yields:
If you want to do the math for yourself and see how other properties compare, the information is here.
Article, The Atlantic Cities: The Simple Math That Can Save Cities From Bankruptcy
“Think Twice” airs Wednesdays at 6:00pm. Tune in to KYMN 1080 AM, or listen to their live stream by clicking the “Listen Live” link on the KYMN website.
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