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by rhizome 4385 days ago
Property taxes tied to the level of traffic destined for a particular commercial location? This is the first I've heard of something like this, can you tell me more?
1 comments

Property taxes for a given location are determined by the size and nature of the business.
Property taxes are based on a poor approximation of what a property would be expected to sell for. The relationship between that and the size or nature of the business operating there is highly attenuated, and it's almost entirely decoupled from how much traffic a business generates on any particular road.