Quote:
Originally Posted by Simplicity
1) Let's not kid ourselves about the costs of expropriating a couple feet of 'taxable' land because a) most of that land is already a ditch in the city's right of way, and b) it's almost completely valueless as it is. So this part of the discussion is getting a little far-fetched.
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That is not entirely accurate. If the property is developed in any form the taxation on the land at the front of the property is the same as the area where the building is. This has a real and valuable property tax contribution to the city on an on-going basis. Further, to expropriate privately held land there is an acquisition cost that needs to be paid to the private land owner. This means the cost of adding undeveloped land is not "valueless" but rather based more around this: cost of expropriation payment to private land owner + loss of property tax * 20 years.