Jul 22 2008
Came across this interesting article on Jamie Smith Hopkins’ blog on Baltimore Sun.
Think of this as a rebuttal to the previously posted article in the Wall Street Journal regarding high property taxes in Baltimore:
Property Taxes vs. Car Costs
Annoyed that the city’s property tax rate is twice as high as Baltimore County’s? Bob Aydukovic with the Downtown Partnership of Baltimore has a comeback: car costs.
He says AAA calculates the average annual cost of owning and using a car, assuming you drive it 15,000 miles a year, at just over $8,000. (The range is $6,300 for a small sedan and $10,500 for a mid-sized SUV, and it includes gas, maintenance, tires, insurance, payments and depreciation.)
If you’re part of a couple living in suburbia, you probably need two cars. But if you move somewhere where you can get rid of one car — like, oh, say, downtown, he suggests — then you save $8,000-plus a year on average.
“Owning two cars is almost a necessity in suburban locations, and therefore, it functions as a tax on suburban living,” said Aydukovic, vice president of economic development with the Downtown Partnership. “It costs you a lot more than filling the tank every week. And I think people don’t realize that.”
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