![[logo]](http://www.citycommons.net/blog/wp-content/uploads/TT-drop-shadow-1351.png "Think Twice")
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.
MP3 Audio:
What Everyone Ought To Know About Land & Taxes
Show Notes
| NORTHFIELD – LAND USE BY TYPE (2007) * | ||
| All tax-exempt | 41.8% | |
| Colleges | 16.7% | |
| Parks, open space | 16.1% | |
| Public & quasi-public | 9% | |
| All residential | 36.3% | |
| Single-family residential | 28.2% | |
| Other residential | 8.1% | |
| Office/Commercial/Industrial | 14.7% | |
| Vacant | 6.0 | |
| Agricultural | 1.3 | |
| * 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.
~ ◊ ~
{ 2 trackbacks }