A reader asks:
Do you know how to look up what percentage of our tax base should be commercial vs residential? The news site says 11.4% is commercial in Croton. 72% residential. I think we have too much residential, not enough commercial. In any case, I'd appreciate the help and confirmation of the numbers.
Response: We had this data from back in the day when residents brought the Article 78 against the village's massive rezoning of the Harmon area for housing. Let it suffice to say it is no longer available. If anyone can assist, please email or comment---or post on social media. (We'll hear about it eventually, smile. Stay tuned for the latest YADA YADA YADA later.)
LIVE LINKS--HAD TIME---HERE YOU GO--INFO INCOMING VIA GOOGLE AI PLS DO YOUR OWN DUE DILIGENCE
- The "Ideal" Balanced Target: Urban planners and public finance experts often point to a 70% residential to 30% commercial/industrial ratio as an ideal benchmark for a sustainable suburban community.
- The Benefit of Commercial Base: Commercial properties are highly desirable tax sources because they generate significant revenue without placing a corresponding demand on the local school district—historically the largest portion of a homeowner’s tax bill. [1, 2, 3, 4]
- The Croton Context: As a bedroom community primarily zoned for single-family homes, Croton naturally experiences a structural tilt toward residential properties. This means a much higher proportion of the overall tax levy is carried directly by local homeowners. [1, 2, 3, 4]
Info incoming---this is via google AI---pls do your own due diligence---and will be posting other responses received later today. Bookmark this post for updates---I don't allow live links in comments but will post links in the actual post above later.
ReplyDeleteUnderstanding the Commercial vs. Residential Ratio--There is no single "magic number" or mandated ideal ratio for a local tax base. Municipalities vary widely by layout, zoning, and geography, but urban planners generally look for the following dynamics: The "Ideal" Balanced Target: Urban planners and public finance experts often point to a 70% residential to 30% commercial/industrial ratio as an ideal benchmark for a sustainable suburban community. The Benefit of Commercial Base: Commercial properties are highly desirable tax sources because they generate significant revenue without placing a corresponding demand on the local school district—historically the largest portion of a homeowner’s tax bill. The Croton Context: As a bedroom community primarily zoned for single-family homes, Croton naturally experiences a structural tilt toward residential properties. This means a much higher proportion of the overall tax levy is carried directly by local homeowners.