Misfocused tax cuts
The State of Maryland's Governor has announced a property tax cut of 3 cents/$100. That is $90 for a house valued at $300,000. And I don't know what the percentage of household owners is in Maryland, but this cuts out renters.
But it's misdirected. Why not provide a tax benefit to people who don't own cars? One far more significant than $90. After all, that's the kind of public policy that should be promoted. The cost to municipalities of servicing the automobile in terms of roads, parking, securing oil supplies, etc. is unsustainable.
Labels: car culture, economic development, property tax assessment methodologies
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