
Community Park Elementary School, Princeton: school site for new apartments on Witherspoon Street?
We love living in Princeton, but there are a few issues, and a high tax rate is certainly one of them! Municipal taxes, county taxes, school board taxes- it all adds up to a pretty hefty load on local residents. As we have noted before, compact walkable development in Princeton, in addition to providing a lot of customers to support downtown businesses, could generate a large amount of tax revenue. Earlier this week, we posted data from Sarasota County, Florida, which showed that taller buildings bring in substantially more tax revenue than low-rise residential development. We suggested that mid-rise buildings, built within the height of existing buildings around Palmer Square offer the best balance for providing much-needed tax relief while preserving the historic character of Princeton. Continue reading →