Rewarding Neglect and Punishing Investment in Struggling Neighborhoods
And so developers negotiate for tax breaks to induce them to skip the suburbs and give the city a chance. Hit with the double whammy of falling revenues and rising expenses, the city does the only thing it can: raise property taxes. Joshua Vincent’s piece on land taxation in Pennsylvania examines relative tax rates in Erie County, Pennsylvania, finding that property owners in the city of Erie proper pay close to double the taxes that those in many of Erie’s suburbs pay.
Source: www.strongtowns.org