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by Retric 2333 days ago
That’s not that expensive, as long as it’s a planned expense.

An acre of land which is large for a town is 43,560 square feet or 208’ x 208’ though you can get significantly narrower along a road. A mile is 5280’ so ballpark that’s 25 per side or 50 properties = 4,800$ per property every say 20 years or 240$ per year.

1 comments

That stretch of road serves 40 houses. So paving every 20 years works out to $125/year/house. Median home value is $105,000 so that costs 0.12% of home value per year.

Not unreasonable if planned for and if other expenses are not chewing up all property tax revenue.

If it winters, you are going to want to pave more often than that. My parents suburban street has similar traffic (read: 40 people driving their car out then back in every day and that's it), and just from the warming and contraction over the course of the year the asphalt starts buckling and falling apart in less than 5 years.