an oldie but goody from the la times

Here’s a great piece from the LA Times in 2003. Sure, keeping property taxes low can help businesses but the disparity in the market place is staggering!

Firms’ Prop. 13 Savings Are Coveted

SACRAMENTO — It’s no wonder Disneyland’s owners call their amusement park the “happiest place on Earth.” For much of its land, Disney pays only a nickel per square foot in property taxes.

In Hollywood, Capitol Records pays a dime per square foot in taxes on the land beneath its famous tower, which resembles a stack of records on a hi-fi. In downtown Los Angeles, owners of the Wells Fargo Center pay about $1.77 a square foot.

Read Full Post Here


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