T2x: What Everyone Ought To Know About Land & Taxes

6 September 2012

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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:


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Episode 007, 09-05-12
What Everyone Ought To Know About Land & Taxes

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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.

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