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Re: When Half of NYC's Tax Base Leaves and Never Comes Back 

By: Beldin in 6TH POPE | Recommend this post (2)
Fri, 21 Aug 20 5:20 PM | 21 view(s)
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Msg. 05062 of 60014
(This msg. is a reply to 05054 by ribit)

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Not necessarily true, yer majesty. Take Detroit for example. Residents left Detroit in droves, and they wanted out so badly that they simply abandoned their property to the City of Detroit. Nobody else wanted it, anyway, so it was worthless and they didn't want to be on the hook for property taxes and insurance. The City of Detroit had SO much abandoned, derelict property on its hands that they deannexed whole areas that were formerly within the city limits. They shrunk the size of the city because they didn't want to have to deal with it, anymore, either! So much for the idea of an ever-increasing property tax base, eh? 




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The above is a reply to the following message:
Re: When Half of NYC’s Tax Base Leaves and Never Comes Back
By: ribit
in 6TH POPE
Fri, 21 Aug 20 5:21 AM
Msg. 05054 of 60014

...it don't matter who leaves the property will still be there, somebody will own it and they will pay the taxes. Even if it is the "widowed old women and orphans survival fund."


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