Property Tax Relief for Longtime Residents Impacted by Gentrification
The city of Lexington in Kentucky is looking for ways to insulate long-time residents from rising property tax bills.
Lexington, Kentucky is considering a program "that would help pay portions of property tax bills for poor, longtime homeowners in neighborhoods attracting investment and redevelopment," reports Beth Musgrave.
"Under the proposed program, longtime homeowners with little income who face a hefty increase in their property tax bill because of gentrification could get financial help from the city," adds Musgrave.
The idea for the program arose after investment on the city's east and north sides led to rising property values and higher taxes. The City Council is expected to vote on the program in early 2018.
Published on Tuesday, September 26, 2017 in
Topics
- Details of Illinois' $45 Billion Infrastructure Investment Plan
- Leadership in Urban Planning, After Two Successful Stints as a Planning Director
- Neighborhood Responds as Gentrification Concerns Spread in Cincinnati
- Light Rail Could Finally Get Priority Over Cars at Intersections in Los Angeles
- A Climate Change 'Paradigm Shift' in Florida
- The Constitutional Clause Being Used to Threaten Climate Change Policies
- Largest Condo High-Rise Since the Recession Planned for Chicago's Michigan Ave
- Study: Historical Redlining Maps No Longer a Proxy for Black America
- Life on the 'Nation's Most Photographed Street'
- Car-Free Market Street Approved in San Francisco
- U.S. Air Quality Declining, Taking Lives
- Traffic Fatalities Declining, But Not for Pedestrians and People on Bikes
- Costs of Seattle's 'Safe Lot' for Homeless in Cars Questioned
- How Parking Reform Could Relieve the Housing Crisis
- Another Pedestrian Bridge Connecting to a Professional Sports Stadium in Atlanta
- Short-Term Rental Legalization Hangs on Zoning Changes in D.C.
- Free 'Test Rides' Win Transit Riders
- Editorial: Reform, Don't Ban, Red Light Camera Programs
- Portland Ready to Experiment With New Forms of Road Pricing
- Scooter Rides Aren't So Cheap Anymore
