Sentences with phrase «raise local property values»

Incredibly, they estimate that the bridge will raise local property values by an estimated # 84 million.

Not exact matches

When the Great Recession hit, however, property values fell sharply, making it hard for school districts to raise local property taxes — schools» primary local funding source — without raising rates, which is politically challenging even in good times.

Property values fell sharply after the recession hit, making it difficult for local school districts to raise significant additional revenue through the property tax to make up for cuts in state Property values fell sharply after the recession hit, making it difficult for local school districts to raise significant additional revenue through the property tax to make up for cuts in state property tax to make up for cuts in state funding.

Bill Veenof, chairman of the Regional District of Nanaimo, said he raised concerns with the finance minister about the effect the tax could have on property values for local owners and on future development.

Many local governments have been unable or unwilling to raise property taxes at a time when many home owners have seen a decrease in their home values.

For decades, the real estate industry has benefited from generous tax deductions that raise home values by making it cheaper for people to own property and shoulder their local taxes.

Neighborhoods with more affluent residents tend to restrict the local housing supply more — by preventing densification — thereby raising property values.