Tim Bonham wrote:
> It was a great idea for the business interests who
> conceived & pushed Proposition 13 in California! It
> shifted much of the taxes away from business property,
> and onto homeowners. And it continues to shift
> more onto homeowners every year.
Tim, you do realize that when a business pays taxes
it just passes that expense onto its customers, don't
you? This is another reason why rental housing in this
state has been more expensive than homesteaded houses,
in spite of the property tax rebates.
> Just look at one of the basics -- property value can
> only be increased when the property is sold. And in
> the real world, how often are homes sold vs. business
> property?
Good question. Can we see some numbers?
> If we had such a law in Minnesota, the
> downtown Minneapolis Dayton's (now Marshall Fields)
> store would still be taxed at its' 1880 valuation!
So Prop 13 does not allow improvements to a
building to affect its tax valuation? I find this a
little hard to believe.
> NSP plants, like the coal-burning antique on
> the River, would be paying little or no property
> taxes.
And thus not passing those higher costs on to
their customers. See my first comment above.
Kevin Trainor
6-10, East Phillips
_______________________________________
Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy
Post messages to: [EMAIL PROTECTED]
Subscribe, Unsubscribe, Digest option, and more:
http://e-democracy.org/mpls
