Zoning
In what decade were zoning ordinances implemented in the United States?
1920’s
Property taxes are a major source of revenue for:
Local governments
What is the purpose of economic and environmental impact statements?
To analyze a development project’s effect on the surrounding areas.
Is the market value of the property taken at the time it is condemned or in its current use?
When it is condemned
T/F: A jurisdiction’s tax rate depends on both its budget and the value of its tax base.
True
Which one is a part of a communities comprehensive plan?
Local voting laws
City tax laws
Alcohol regulations
Public service needs
Public service needs
What is an exemption in tax terms?
Exemptions are a specified deduction from a property’s assessed value before calculating property tax bills.
What does the book consider “toxic waste?”
Asbestos, fiberglass, leaking underground storage tanks (LUSTs), radon, and the most recent culprit, mold.
What does Eminent Domain give the government power to do?
Squire private property without the owners consent, for public use in exchange for just compensation.
What are three downsides to property tax?
Regressive, Uneven across geographic areas, poorly administered
List one example of a positive externality and one example of a negative externality?
Positive: parks, recreation facilities, schools, well-kept landscapes, and attractive commercial areas
Negative: factory pollution, shopping center traffic and parking lots, traffic congestion, crowding of schools, disappearance of sheltered areas, homeless shelters, increased crime, loud noises from college housing
What constitutional power enables state and local governments to regulate land use?
State and local governments are granted police power by the Constitution to regulate land use.
What does a Phase I ESA (Environmental Site Assessment) consist of?
A sampling of air and water sources, a search of property records, and a visual inspection of the property.
Come up with 3 examples of times when Eminent Domain might have been used here in South Dakota?
Highways/interstates, schools, fire and police stations, public facilities, reservations, and national parks like Mount Rushmore.
What is the word we use for “dollars per $1,000 of value”
Mills
What does the movement new urbanism think about motor vehicles?
Pedestrian life should have priority over motor vehicles, replacing cars with walking, biking, and mass transportation, garages accessible though the alleys, and narrowed streets with porches being in close proximity to the sidewalk.
Given the following data, compute taxable value. Market value: $100,000, Assessment percentage: 85%, Exemption: $10,000
Market Value = $75,000
What river in Cleveland caught fire multiple times due to pollution up to 1969?
Cuyahoga River, in 1972 congress drastically overhauled a 1948 law regulating the waters of the United States.
Explain what public purpose means regarding Eminent Domain?
Any purpose with a clear public benefit.
What constitutional provision was adopted in 1978, and in what state?
Proposition 13, California
What is the difference in building codes for a building in Florida compared to a building here in Mitchell?
Answers will vary
With the following information, compute the property tax rate for the community. Total budget expenditures: $40 million, Total nonproperty tax income: $5 million, Total taxable value: $1 billion, Total exemptions: $250 million.
The tax rate is 4.67 percent.
Why are the waters of the United states so controversial?
Why was the court case Kelo vs. New London, Connecticut such a big deal?
The court ruled that if a legislative body has found that an economic project that will create new jobs, then the project serves a public purpose, which qualifies as a public use.
Find the taxable value with the information given: Market value $450,000, Assessed Value is 85% in your state, the owner qualifies for a $75,000 exemption.
$450,000 x (0.85) = $382,500 - $75,000
Taxable value of $307,500