Heal (2001, p. 1) notes that when Frederick Law Olmsted, the developer of New York Citys Central
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Heal (2001, p. 1) notes that when Frederick Law Olmsted, the developer of New York City’s Central Park, was asked how the city would pay for the park, “he responded that its presence would raise property values and the extra tax revenues would easily repay the construction costs. History shows that he was correct.” This episode illustrates best which of the three views of the nature of the local property tax?
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The userfee view of property taxes regards property taxes as payment for local public servi...View the full answer
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Related Book For
Public Finance In Canada
ISBN: 9781259030772
5th Canadian Edition
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
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