Can our present (predominantly residential) assessed valuation composition ever result in lower taxation while providing school services for students who enroll due to residential growth?
No, not unless each new residential property has a taxable assessed valuation in excess of approximately $350,000 per new student enrollee resulting from the development. (Note that this “purely residential AV minimum break-even amount” will continue upward movement until non-student-yielding AV enters the mix (e.g. business/commercial or high end “empty nester” housing).
Related Questions
- Can our present (predominantly residential) assessed valuation composition ever result in lower taxation while providing school services for students who enroll due to residential growth?
- Can NRIs obtain loans for the purchase of residential real estate from financial institutions providing housing finance ?
- WHY IS VACANT LAND AND COMMERCIAL ASSESSED AT 29 PERCENT AND RESIDENTIAL AT A LOWER RATE?
