jolson03.bsky.social
@jolson03.bsky.social
The OpenAVMKit convinced me to post a draft I've delayed. Kinda crazy you can sit on 87,500 sq ft of prime real estate for $17k a year. If you could buy parcels outright at 5x the assessed value, I don't think MATC at 33 E Johnson Street would be on the market for more than a day
Madison could benefit a lot from a land value tax. The abandoned MATC building downtown has an annual property tax rate of $17,000 and is valued at $1,000,000. The similarly sized 1 S Pinckney on the Capitol Square generates $1,200,000 in taxes and is a 2 minute walk away.
August 23, 2025 at 3:24 PM
The OpenAVMKit convinced me to post a draft I've delayed. Kinda crazy you can sit on 87,500 sq ft of prime real estate for $17k a year. If you could buy parcels outright at 5x the assessed value, I don't think MATC at 33 E Johnson Street would be on the market for more than a day