....and if the city can't figure out how to caluate property tax on
MM's paved parking lots (a commercial business, not raw land), don't
forget to add a parking tax or flat tax based on number of spaces
something like number of spaces x number of expected days x a $ amount
use 500 spaces:
500x200x1.00 = $100,000 in a flat rate parking tax.
Lots of real cities charge from 7-50% to commercial lots in taxes.
Use 10% of projected revenues and 500 spaces, assume they get $5.00
per car, once per day and we'll stick with 200 days.
500 cars x 200 days = 100,000 car days.
100,000 cars @ $5.00 = $500,000
10% tax of $500,000 = $50,000 grand in taxes.
Just play with the numbers and implement a city wide tax to all
commercial parking lots and garages.
And raise the hourly to $1.00 hr.
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