MolonLabe
DTOM
- Joined
- Feb 14, 2012
It isn't just taxes, it is the fact the land parking lots are built on in the downtown areas of major cities is very valuable. A parking lot has to make a lot of money for its owners to justify its existence. That, plus supply and demand.
Yes but taxes are a huge portion. In the city of Chicago direct taxes account for 30.25% of the daily/hourly parking charge alone. That doesn't account for other "hidden" taxes imposed on the garages/lots directly that are passed on to the parker.