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by pessimizer 1621 days ago
> Take for example the taxes I pay on my home. I pay $260.17 to the city every year in property taxes. I live on a 60 ft wide lot. If you take the $20/ft/year road maintenance metric, cut it in half because I’m just on one side of the street, and then multiply it by the width of my lot you get $600. I would need to contribute $600 a year through my property taxes to just pay for the maintenance of the portion of the street in front of my house. But I’m not, I’m contributing less than half. Almost no single family houses are contributing enough in property tax to support basic necessary maintenance of the street in front of their house.

> The smallest lot width you can have in Galesburg with the current zoning code is 50ft in R3 districts. With that 50 ft lot you would need a house worth $98,500 just for the city to break even on the maintenance of your portion of the street. If you have a 100ft wide lot you need an assessed value of $197,000 to break even. While wide lots may be nice to have and historically how we’ve built housing, they have a tough time paying the city back for the services they consume.

> Is every house and building going to pay for all the infrastructure it uses? No. There will be plenty that do not. Does that mean that corner lots have to be twice as valuable to pay for both the streets? Also no. Another way to look at properties in an apples to apples comparison is to use the metric of total property taxes paid per acre. Why is that? The greater the area the further road and water infrastructure needs to extend and the further away police and fire services need to travel. So comparing on a per acre basis is a good proxy for how productive it is for the city.

1 comments

I pay over $4,000, for a 75-foot-square lot. People marvel at how low my taxes are. The average around here, is three times as much.

It doesn't bother me that much. I live in a fairly affluent area, with good services and infrastructure. The schools are also excellent.