TIL about the corruption behind mill levies.
Real estate developers establish semi-governmental special districts that collect portions of property tax intended for construction of roads, utilities, etc.
The rate necessary upon initial construction is high since they are building new roads and infrastructure.
However, in many cases they keep that high rate permanently. So even though it doesn’t cost nearly as much to maintain, they never adjust the rate.
They hide this behavior behind obscure tax law and public meetings with no attendance so they can continue to siphon money from the communities they build
woof / poof
npub15j…x3fdh
2024-03-26 01:06:53
Author Public Key
npub15jmetc43z9ryelnsk6zglwaur3a6vdr46hrxymmqvth96qjmtr3svx3fdhPublished at
2024-03-26 01:06:53Event JSON
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"content": "TIL about the corruption behind mill levies.\n\nReal estate developers establish semi-governmental special districts that collect portions of property tax intended for construction of roads, utilities, etc.\n\nThe rate necessary upon initial construction is high since they are building new roads and infrastructure.\n\nHowever, in many cases they keep that high rate permanently. So even though it doesn’t cost nearly as much to maintain, they never adjust the rate.\n\nThey hide this behavior behind obscure tax law and public meetings with no attendance so they can continue to siphon money from the communities they build",
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