I always wanted to propose a special property tax for parking lots.
It would be based on the number of levels. For instance a 4-story parking garage would pay less than a 2-story parking garage. The highest rate would be applied to a “single level” or surface parking space. And maybe a parking structure over a certain number of levels might pay no property tax at all.
Radical I’m sure. But until there is some economic incentive to stop bulldozing history we’ll continue to see an ever-expanding sea of asphalt.
Image courtesy Plan59.com