Quote:
Originally Posted by LuvtheVillages
Ok, yes, six properties benefit from the cap today. As property values rise, how many will benefit from the cap 10 years from today? And why should there be any cap at all? What is the rationale?
And yes, I know we are paying more than $124 today. I would like to see that portion of the funding eliminated entirely, and the cost be fully put onto the millage rate tax, with NO cap. I think that would be more fair.
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All of the 3 story apartment buildings in the Lofts of Brownwood are on one parcel of land that is owned by the Developer. Therefore the Developer only pays $124 for all those buildings; the same $124 that you pay for your home.