the abatement will no longer be necessary AFTER AVI goes into affect. the I agree, the most sensible short term strategy is to decrease the properties in delinquency. (also implementing AVI, THEN evaluating the abatement). really, the right solution is going to have to be multipronged if it isn't going to stick it to any one group. as far as non-profits go, it doesn't make sense to stick it to productive for-profits either and with ever increasing amounts of land in non-profit hands, the property tax based system makes less and less sense. the wage tax, OTOH, does tax the non-profits the same as everyone else which, in this case, is good. a shift away from the wage tax is a shift from taxing non-profits to taxing residents and for profits (many of whom already pay plenty).
Originally Posted by billy ross
afaik-as a renter and potential homebuyer, the abatement is really a non-factor. actually given the problems with getting mortgages, it actually makes it harder to buy since it inflates home values. two much scarier things are AVI (how will it affect any given property) and tax shift (higher property taxes mean lower prices, all things being equal). it's enough to be uneasy about buying. what's more interesting about point breeze are the homes being sold for profit in the sub 250k range
Last edited by eldondre; 09-17-2012 at 05:23 PM.
"It has shown me that everything is illuminated in the light of the past"
Jonathan Safran Foer