Why are older buildings in town not torn down due to tax burden?

For years I’ve seen loss of good structures in towns and cities b/c taxes force owners to tear down a good building. Why don’t centers of towns and cities not tear down buildings for the same reason? If they aren’t all considered ‘historic’ and many of them are unused both storefront and 2nd floor, then how do owners keep paying taxes on them? These are usually connected on a “downtown” block but obviously make no income.

I think it’s stupid and destructive for the tax codes to push businesses to tear down old buildings if they’re not going to build something else. Don’t understand why not incentivize upgrading 2nd stories in town for commercial or housing and make use of empty space.

Any thoughts?

submitted by /u/Mactwentynine
[link] [comments]

For years I’ve seen loss of good structures in towns and cities b/c taxes force owners to tear down a good building. Why don’t centers of towns and cities not tear down buildings for the same reason? If they aren’t all considered ‘historic’ and many of them are unused both storefront and 2nd floor, then how do owners keep paying taxes on them? These are usually connected on a “downtown” block but obviously make no income. I think it’s stupid and destructive for the tax codes to push businesses to tear down old buildings if they’re not going to build something else. Don’t understand why not incentivize upgrading 2nd stories in town for commercial or housing and make use of empty space. Any thoughts? submitted by /u/Mactwentynine [link] [comments]

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