09-25-2004, 07:33 PM
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Confirmed User
Join Date: Oct 2002
Location: "evitcepsrep ruoy egnahc"
Posts: 9,976
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Quote:
Originally posted by arg
The recent trend in seizing property for commercial rezoning, however, seems to be excessive; the primary seems to be governmental greed. I think the government should take measures to ensure that the original property owner was the primary beneficiary of the newly created property and tax-based wealth, but as it is, they might seize a home, pay the owner $100,000 because it's run down, rezone the property as commercial, sell it to Starbucks for $500,000, collect $25,000 in property taxes and another $10,000 in other business taxes. If instead they gave the home owner the rezoned property value (e.g., paid them $500,000) and maybe ten years worth of the added tax revenue, that would take away any greed motive from the government, so they'd have to evaluate the seizure based only on the societal benefit of the rezoning. The home owner, while they might still not want to do the deal, at least would be generously compensated. Of course if they were that generously compensated, they'd probably voluntarily sell the home anyway, so seizure wouldn't be necessary.
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Still think above is total bullshit. |
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