“Square footage x a defined multiplier”
Taking the square root of the footage can be easily done by computer and I believe is fairer.
There is no reason why the property tax on a “low-income” rental property should be set below a rate that is fair to the community as a whole.
The owner/residents of a “low-income” apartment with $1,200/month rent can certainly afford to pay as much property tax as most single family home owners in their community do.
Homeowners in Bedminster, NJ should not be subsidizing Newark slumlords or their tenants.
Exactly.
A simple math equation. Everything is on the table. And everyone has skin in the game.