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A Major New Step Toward Public Banking in Rochester

Divesting From Death Isn t Impossible

Divesting From Death Isn t Impossible
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Redlining s Hidden Legacy: Racial Disparities in Property Tax Systems

Property tax systems are how most of us pay for local government. Even if we don’t own our own homes or commercial spaces, landlords typically pass through the cost of property taxes to tenants. Local property tax systems in turn play a huge role in planning, zoning, placemaking, and capital improvement planning.  Upon closer inspection, property tax systems everywhere overburden some communities while under-burdening others. The pattern of those communities is one familiar to many — it’s the pattern of redlining. Property tax systems have been helping preserve racial disparities in wealth by contributing greatly to the extraction of wealth from historically redlined areas.  Join Next City for a presentation with Joe Minicozzi, urban designer and principal of Urban3, who will share how disparities in land value assessment end up subsidizing wealthier, whiter neighborhoods at the cost of overburdening historically redlined neighborhoods — and how people

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