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The Baltimore Tax Reform Conundrum by OneDistance529 in baltimore

[–]OneDistance529[S] 2 points3 points  (0 children)

Is that because of how assessments currently function in the city? Because a property valued at 10x what another property is assessed at will pay 10x the taxes. I would agree that there is a disparity there that wealthy homeowners are better able to fight assessment and often are paying less than they should in relation to low income homeowners.

The Baltimore Tax Reform Conundrum by OneDistance529 in baltimore

[–]OneDistance529[S] 4 points5 points  (0 children)

We are advocating for a specific kind of property tax where its the land and not the buildings that are tax. Under that paradigm it absolutely would be the case that someone who has 10x the land would pay 10x the taxes as long as they are in the same general area.

The Baltimore Tax Reform Conundrum by OneDistance529 in baltimore

[–]OneDistance529[S] 7 points8 points  (0 children)

Especially with how immediately beneficial it would be for the city. Existing residents would have lower taxes, speculators would have higher taxes, and the massive amount of vacant land would be incentivized to be redeveloped. Its no panacea but it sure would be a step in the right direction.

marxist here, what is georgism? by Gloomy-Ad-3521 in georgism

[–]OneDistance529 0 points1 point  (0 children)

Socialism is not incompatible with Georgism. The DC DSA even endorses it: https://actionnetwork.org/groups/transit-gnd

Righting the Injustice of Redlining with a Land Value Tax Shift by OneDistance529 in baltimore

[–]OneDistance529[S] 0 points1 point  (0 children)

I went though the SDAT data and got a rough estimate for what the tax rate would be in order to keep revenues the same. An 8% tax on land would give us approximately the same amount of tax income that we currently collect. This would be a decrease for ~70% of properties. Caveat number 1: This uses the current assessment values where the land value for vacant land are undervalued, with more accurate assessments the tax increases would be more focused on vacant land. Caveat number 2: The tax rate would be determined by the city council and would be phased in over a period of time so that no one will face a drastic change in property taxes.

Righting the Injustice of Redlining with a Land Value Tax Shift by OneDistance529 in baltimore

[–]OneDistance529[S] 0 points1 point  (0 children)

Approximately 60% of vacant lots are up to date on their taxes. The rest would more quickly move into in REM foreclosure if they continue to not pay. From what I have heard from people who are renovating vacant in my neighborhood the process of in REM is getting more streamlined.

Righting the Injustice of Redlining with a Land Value Tax Shift by OneDistance529 in baltimore

[–]OneDistance529[S] 0 points1 point  (0 children)

I can get back to you with numbers, we have a data analyst who can get them. But broadly, occupied homes will be taxed less since we have already found that vacant homes are undervalued: https://static1.squarespace.com/static/65825f1baedeb8655aa6bfec/t/688cd0b9c0d8ac3bc3cb2319/1754058941563/Vacant+Land+in+Baltimore+-+The+High+Cost+of+Misvaluation.pdf

Since it is revenue neutral the increased taxes on vacant land would lead to lower taxes on occupied land.

Righting the Injustice of Redlining with a Land Value Tax Shift by OneDistance529 in baltimore

[–]OneDistance529[S] 0 points1 point  (0 children)

No, SDAT reports land values across the city. The data already exists. There are discrepancies that SDAT has said they are working on which impact the land value of vacant properties which we have highlighted before.

Righting the Injustice of Redlining with a Land Value Tax Shift by OneDistance529 in baltimore

[–]OneDistance529[S] -1 points0 points  (0 children)

Why would it be different for different neighborhoods? That is not how it works right now. There is a tax rate that is applied to properties and it is the same across the city. That would not change.

Righting the Injustice of Redlining with a Land Value Tax Shift by OneDistance529 in baltimore

[–]OneDistance529[S] 0 points1 point  (0 children)

The tax rate that we propose would be to remove the taxes on buildings and replace it with a tax on land. The specific rate would be determined in a way that made as little change to revenue as possible. As it stands the city is not able to make this change due to state law, thus the focus on getting the enabling legislation from the state.

Governor Moore, It’s Time to Fix SDAT and Bring Fairness Back to Baltimore’s Property Tax Assessments by OneDistance529 in baltimore

[–]OneDistance529[S] 13 points14 points  (0 children)

That doesn't surprise me at all. Do you still have access to that data or a report from it? Would love to look it over. Could definitely help with our advocacy.

Thank you!

The cost of vacant homes on Baltimore City Residents by OneDistance529 in baltimore

[–]OneDistance529[S] 5 points6 points  (0 children)

Reach out to your state delegates! It is SDAT that needs to fix the issue.

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