Thursday, August 25, 2011

Jordan Green plays with White Street Landfill numbers: "Brother, can you spare $12.50?

Greensboro property owners:
Are you willing to pony up $12.50 per year to keep the White Street Landfill closed?

Why should Greensboro's taxpayers
have to pay for other's artificially inflated real estate values
after they bought property near the landfill at a discount?

Are most of those who purchased properties at a discount,
because the landfill was there when they bought in,
deserving of a premium funded by everyone else when they sell?

Could many in East Greensboro be recieving misreprested messages
from some who may profit from a particular outcome?

That's how much the city manager's office
estimates that a homeowner could save on their taxes
assuming their house is assessed at $100,000 of valuation,
based on the "push and pack" option
to reopen the landfill that was approved by council last week.

So if the average home in Greensboro is worth about $200,000
and the tax is $12.50 per year $100,000,
then is the average cost per homeowner really about $25 per year?

If per year is $25
and the landfill remains closed for 10 years,
then, all things remaining the same,
isn't the cost about $250 Jordan?

Should the question really might be:
Are you willing to pony up $250 to keep the White Street Landfill closed?

The tax rate reduction that could be realized is 1.25 cents.

Which equals how much actual money?

What if the price of gasoline etc... goes up?

How fast could the $12.50 per $100,000 turn into $20 per year?

$20 x average home value = $40,
x 10 years = $400.

Staff ran the numbers in response to a question posed by Mayor Pro Tem Nancy Vaughan
at yesterday's briefing session.

Which Nancy Vaughan? Councilman Danny Thompson has been talking up the idea
of plowing the savings from reopening the landfill into a solid waste enterprise fund
to purchase an equity stake in a future regional landfill.


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