Is it true that CPF helps lower property taxes?
The transfer fee will slow the growth of property taxes. The problem comes from the fact that the taxes paid by new households do not cover the cost of schools and services provided to those households. Each new household adds at least one new child on average to the school district, costing us a minimum of $9,300 a year, yet contributing far less in taxes. On the other hand, the PDR program has only cost about $7,500 per acre saved, and half of those costs have been covered by outside grants.
