retrofiturbanism
Active Member
Many of these discussions though, you follow it down the road, and the end is result is keeping taxes low for better off owners of more expensive houses who benefit from the infrastructure they use being fully funded and maintained using property taxes while saddling extra fees up front on new housing.
I think that is wrong.
What we should do is raise property taxes, and if we don't need the money to renew infrastructure now, we should save it to renew infrastructure in the future. We could do that by booking the depreciation of assets as an expense (not really sure how the city handles this - but the city budget very much looks like a cash budget in places).
That is not the case at all. What needs to happen is that development levies and charges, as well as property taxes, should reflect marginal costs of service. The current system is regressive, where those who can afford a single detached home are subsidized by those who live in denser developments via property taxes.