Saturday, November 06, 2004
Who pays for mall? Talks go on
Property owners, city seek compromise on transit improvements
It's time for transit boondoggles to pay for themselves.
It's time for transit boondoggles to pay for themselves.
Comments:
>>>>>The renovation plan has been developed by Portland, TriMet and Metro, the regional government. It features a new streetcar line linking Portland State University to Union Station. The project also includes the downtown connection for a new light-rail line to Clackamas Town Center.
“We would hope that the city would realize that the cost of doing business downtown has been detrimental to expanding and creating new jobs,” Beltz said. “This is an opportunity for the city to let us know that they understand our concerns.”>>>>>>>
Is it possible the freeways pay for themselves? Dream on!
The homeowners are worried the new transit improvements will cause their property taxes to go up. They are correct in that their property taxes will go up but it's not because the money ends up in a boodoggle.
Their property taxes will increase as a result of the lightrail INCREASING the value of their home. Yes. You heard that correct. A new Lightrail increases the value of your home and thus the city will raise property taxes accordingly.
This happend in my neck of the woods in Bayonne, NJ. According to the Jersey Journal, all homeowners within a 2 block radius of the train station saw their properties increase in value by 30% over the past four years! If properties values increase resulting in a higher tax ascessment, this is a good and should be expected.
Homeowners cannot expect their properties to increase in value and not pay more in property taxes. That's a fact of life.
“We would hope that the city would realize that the cost of doing business downtown has been detrimental to expanding and creating new jobs,” Beltz said. “This is an opportunity for the city to let us know that they understand our concerns.”>>>>>>>
Is it possible the freeways pay for themselves? Dream on!
The homeowners are worried the new transit improvements will cause their property taxes to go up. They are correct in that their property taxes will go up but it's not because the money ends up in a boodoggle.
Their property taxes will increase as a result of the lightrail INCREASING the value of their home. Yes. You heard that correct. A new Lightrail increases the value of your home and thus the city will raise property taxes accordingly.
This happend in my neck of the woods in Bayonne, NJ. According to the Jersey Journal, all homeowners within a 2 block radius of the train station saw their properties increase in value by 30% over the past four years! If properties values increase resulting in a higher tax ascessment, this is a good and should be expected.
Homeowners cannot expect their properties to increase in value and not pay more in property taxes. That's a fact of life.
Highways are paid for by user fees, so your comment " Is it possible the freeways pay for themselves? Dream on!" is meaning less. Rail and transit in Portland are paid for by the business taxes, parking meters, local improvement districts or property taxes, Bonds paid for by property taxes and lots of local and federal truck and auto user fees.
To bad the transit users don't have to pay their fair share.
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To bad the transit users don't have to pay their fair share.
