Quote:
Originally Posted by sailor734
Your point about taxes is a good one. If cities want to push development one way to do that is make it much more expensive to sit on vacant land.
Although, I suppose it's not really the cities but rather Service NB that allows this with absurdly low assessment values on vacant land. A lot just sold in our neighbourhood for over 400K. It's assessed value?....... 37k  |
100%. Taxes on vacant land in the PDA need to jump. This should of course be revenue-neutral with a reduction on developed residential and commercial. I pay less than $225 a year to sit on two townhouse lots on Harding, and nearly $4,000 for an owner-occupied 4plex. Seems more than a little backwards. a 10x increase would make me want to build immediately, lol. We need to make it harder for the Masseys, Daeres, and Irvings of the world to sit on land indefinitely. Not that they can be blamed; with assessments on vacant land so low they'd be fools to sell.