[robhlt]

Your coop building is on the unfair side of the "eclectic sometimes regressive" property tax calculation the parent comment mentions. Large (10+) multi-family rental properties are taxed at a much higher rate than single-family and 2-4 family properties. Correcting this imbalance would lower property taxes on your coop building while still raising overall tax revenue for the city.

[bberenberg]

We have 36 units in our coop iirc, so we are “large”. Generally I think our taxes are fairly reasonable. I just don’t think there is any reasonable solution here that isnt focused on a simple triangle:

- Build more, destroy short term value of existing owners

- Lower taxes, hurt short term city functioning

- Lower interest rates, drive up inflation

The only “fun” solution IMO is cut taxes and cut jobs programs that don’t deliver city value. DOE is a welfare scheme at this point.