Quote:
Originally Posted by SebC
An inner city renter ( particularly if renting an apartment - which must be profitable, and not a condo) is paying more than his fair share of taxes (through rent), whereas someone who owns in the burbs is being subsidized. (Now please print an apology before you may return to this conversation  ) |
This opinion is false. Apartment buildings are assessed based on net income, which invariably results in a lower tax assessment and lower taxes than an identical building which is owned as condos.
That means the owner of an apartment building (and by extension the tenants) pay less than their fare share of taxes, since residents of the same type of building use the same type of services.