Will the town lose property tax revenue from using the abandoned rail-bed as an open space rail-trail rather than as developed land?
No. Many communities have discovered that open space conservation is a one-time investment that can boost property values and swell tax coffers long after the land is paid for. In survey after survey, homebuyers identify nearby open space and trails as among the top features in choosing a home. Parks and open space create a high-quality of life that attract tax-paying businesses and residents to communities. Protecting open space eliminates the costs of new government services, including schools, water, trash removal, sewers, policing, and fire protection–the primary burdens on local government budgets. Source: The Trust for Public Land, Washington, DC. www.tpl.
Related Questions
- Will the town lose property tax revenue from using the abandoned rail-bed as an open space rail-trail rather than as developed land?
- Will the town lose property tax revenue from using the abandoned rail-bed as an open space rail trail rather than as developed land?
- When there is so much student demand for places in the town colleges, won Trent lose enrolment by relocating them?
