City of Toledo Pledges to Raise Perrysburg Real Estate Prices
March 3rd, 2009 . by Jon ModeneWhew!
That is GREAT news.
What? You have not heard?
Mayor Finkbeiner is set on reducing (elimination will come later) the tax credit that is given to people who live in one city (Toledo) and work in another (Perrysburg).
When this plan of sheer brilliance is put into effect, many will be facing DOUBLE taxation on their incomes – paying 2 city income taxes.
What will these people do?
Since Lucas County is not a Gulag – they will leave.
Vote with their feet.
Move to the municipality they are working in already.
And thus escape the double taxation.
Brilliant!
As any economist knows (we hope) – when you increase demand for Perrysburg real estate (caused by the Toledo diaspora) – the value of same will increase.
With the same dedication to economic development that pushes most new real projects into Wood County by too many taxes, rules, regulations, and red tape, soon their will be new demand for Perrysburg housing.
We will take the U.S. Marines.
Fed/Ex.
And now your residents.
Thank you Mr. Mayor!
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