My understanding is that they are considering how much a neighborhood is “worth” in terms of the amount of tax revenue provided to the city. So, although each individual house on a cul-de-sac produces more tax revenue than each house in the poorer crescent (they cost more and so generate more property tax revenue; their residents make more and so generate more in sales and income tax revenue), because the poorer neighborhood is much denser, the total revenue is much larger.
I will admit. though, that I posted the article because I found it interesting but didn’t feel like I fully got my head around it, and was hoping to get some input from the community.
My understanding is that they are considering how much a neighborhood is “worth” in terms of the amount of tax revenue provided to the city. So, although each individual house on a cul-de-sac produces more tax revenue than each house in the poorer crescent (they cost more and so generate more property tax revenue; their residents make more and so generate more in sales and income tax revenue), because the poorer neighborhood is much denser, the total revenue is much larger.
I will admit. though, that I posted the article because I found it interesting but didn’t feel like I fully got my head around it, and was hoping to get some input from the community.