What is the affect of removing low taxable income producing vacant land from the tax rolls ?
For example, in 1999, if land with a market value of $5,000,000 were removed from the tax rolls, so that the land could be kept forever natural, then the effect on the tax rate would be an increase of less than 10 cents per $1,000 of Taxable Assessed Value. A property with a market value of $500,000 would see a tax increase of less than $12 per home.
