Tuesday, June 11, 2013

Tax Value Per Acre

In the City of Raleigh, North Carolina of United States of America, tax value per acre has been applied to calculate the contribution of an area of project towards the coffer of the local council. It is a technique to gauge the bottom line for determining how much spending on infrastructure or extra urban services should be put back to a community. It is a notion of the more you contribute the more you will get. The information is also useful as a tool to communicate with people on contribution of development project. More than often people objected to a development because of the negative impact of development without realising that the project might have tremendous economic contribution. Perhaps it should be used as a tool during discourse with general public on viability of development projects. Having said so, in order to maintain inclusiveness and social justice, spending on infrastructure for poverty eradication or providing affordable housing as well as economic opportunities for vulnerable group should have considerations beyond the tax value per acre only.

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