Mixed Use Developments Outperform Big Box Stores in Property Tax Revenue Per Acre
According to a recent analysis of property tax revenue in Sarasota, Florida, big box developments generate only about $150 to $200 more per acre than single family housing developments, and they rank significantly lower than mixed use projects. In fact, a mixed-use development in Sarasota’s downtown that sits on less than an acre generates $800,000 in tax per acre — ten times more than either a single family suburban house or big box store. This analysis adds to the mounting evidence of the benefits of compact, in-town development. Read more.