In accordance with state laws, the transit agency in Houston will have to pay property taxes on land it purchased for transit-oriented developments. Because the land will be developed privately, the law says it is not a public use and is not exempt.
"Todd Mason, Metro vice president of real estate services, responded that the project's benefits in increased transit ridership and eventual tax revenue would outweigh costs in taxes or lost interest stemming from the purchase. And if the project falls through, he said, Metro will probably be able to sell the land at a profit."
"Like other governmental bodies, Metro doesn't pay taxes on property it uses for public purposes."
"But land held for private use is taxable, even if Metro owns it temporarily, said County Tax Assessor-Collector Paul Bettencourt and County Appraisal District Chief Appraiser Jim Robinson."
"'The law is very specific that a political subdivision has to hold property for a public purpose (to qualify for the exemption), and I'm not convinced that what they want to do is a public purpose,' Robinson said."
FULL STORY: Metro can't hold proxy tract tax-free, officials say
Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
Manufactured housing communities have long been an affordable housing option for millions of people living in the U.S., but that affordability is disappearing rapidly. How did we get here?
Americans May Be Stuck — But Why?
Americans are moving a lot less than they once did, and that is a problem. While Yoni Applebaum, in his highly-publicized article Stuck, gets the reasons badly wrong, it's still important to ask: why are we moving so much less than before?
Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
Updating LA’s Tree Rules Could Bring More Shade to Underserved Neighborhoods
A new USC study finds that relaxing Los Angeles’ outdated tree planting guidelines could significantly expand urban tree canopy and reduce shade disparities in lower-income neighborhoods, though infrastructure investments are also needed.
California's Canal Solar Projects Aim to Conserve Resources and Expand Clean Energy
California’s Project Nexus has begun generating electricity from solar panels installed over irrigation canals, with researchers and state agencies exploring statewide expansion to conserve water and boost clean energy production.
HHS Staff Cuts Gut Energy Assistance Program
The full staff of a federal program that distributes heating and cooling assistance for low-income families was laid off, jeopardizing the program’s operations.
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