Big-box business methods of reducing their property tax assessments in the U.S.
This might be a lot of familiar ground, but a lot of topics are covered in this one article: local business vs. big-box, the "dark-store" tactic, and the net gain to the local municipality, if any, of having a large-scale retailer in their midsts.
( http://www.ilsr.org/dark-store-tax-tactic-makes-big-box-stores-terrible-deal-for-cities/)
Comments
Here's an example from this week: http://www.denverpost.com/arvada/ci_28367505/wheat-ridge-approves-6-2-million-plan-walmart))
Thanks for sniffing this out Anton. As a local, independent business owner, myself and our employees are grateful for the support we get in Salida and Buena Vista. BV is tougher because of Tractor Supply. I wonder how much they'll drain from BV?
All,
The city of Salida does not have a property tax. This was a result of the 2A, 2B vote back in 2009. Other taxing entities, including the school district, hospital and others do. Ya can't take what ain't there in Salida.
This interesting issue seems to illustrate one way in which a sales tax is better than a property tax.