Word: southfields
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...solution lies in raising land taxes. Southfield, Mich., has just demonstrated that the idea works. Five years ago, the city was listed as a depressed area. Then it boosted the tax on land and cut the tax on buildings by reassessing them. In the resulting building spurt, Southfield has been constructing office space faster than neighboring Detroit, a city 30 times its size. Said Assessor G. Ted Gwartney: "All we had to do was throw off the shackles...
Given the ignorance and inertia of many state and local legislative bodies, the un happy fact is that few cities are likely to copy the Southfield formula. Chances for significant tax reform in Congress look only slightly better...
SHELDON LEWIS Southfield, Mich...
DOROTHEA J. BOHMAN Southfield, Mass...
...Southfield, Mich...