Property Tax

[Allen]

As it is our land and homes can be taken away from us due to not paying property taxes.

Some of us may fall on hard times OR the gov't may decide to raise taxes to the point you can't afford to own your land that you have already paid for and own. I see that every day where residential property is re-zoned into commercial property.

There's no "checks and balances". The gov't can do anything they wish with no recourse or accountability.

[S.A. Boggs]

Death and taxes are the only two sure things in life.
Sam

[Vern Humphrey]

Death and taxes are the only two sure things in life.
Sam

The difference is that death doesn't get worse with every session of the legislature.

[S.A. Boggs]

The difference is that death doesn't get worse with every session of the legislature.

Very astute Vern!
Sam

[Allen]

In other words a person can be taxed to death but there is never a death to taxes.

Again. Taxes I understand (to limited $) but question the taxing of land/homes.

[Allen]

Our once small town is now a city, They have the plans for a new elaborate city hall complex. Many of the older residents are against it but of course now make up the minority.

If it were actually needed that would be one thing but that's not the case. What they operate in now is appropriate. (who are they trying to impress ??)

Artist renditions of the complex have been posted in the local news sites. My wife asked me "how in the world can they afford this?" I reminded her about property taxes. Rather than cut taxes they just hunt for ways to spend what they are already taking in. If the $ balance gets too high they can always stuff some of it into the "emergency fund" or "general fund".

These are "funds" that no taxpayer ever see---no one knows how much goes into it, comes out, or goes to whom. It's no wonder why so many want to go into politics (at any level) and once they do they never leave.

[Vern Humphrey]

That is why I REFUSE to live in a city, town or village. If forced to live in a neighborhood with a Homeowner's association, I'd probably go berserk,

[Allen]

That is why I REFUSE to live in a city, town or village. If forced to live in a neighborhood with a Homeowner's association, I'd probably go berserk,

I know what you mean but I live out of city limits too. City water and fire dept services come from a nearby city. Police do come to our area but can refuse since it is the territory of the county (sheriff's dept). Property tax is determined by the county.

HOA fee's ARE a tremendous rip-off. It all began with the realtors who were selling subdivision lots to make the place look pretty till the last lot was sold then they would pull the plug and let everything grow up in weeds. Property owners pretty much kept their areas neat and sometimes their next door neighbors. Soon the realtors discovered this hidden goldmine that they could hire school kids to mow the sidewalks and charge (as in force) the homeowners a monthly fee.

Some subdivisions have golf courses, community swimming pools and rec rooms. While these amenities were advertised to sell the lots likewise the homeowners end up having to pay inflated HOA fees to maintain them even though they may not ever use them. So like property tax they pay for all of this via higher prices then they pay for it again to maintain it.

[bruce]

Re: HOA fees. Probably are some HOA's that are poorly run. About like anything else involving people. Have lived in communities where standards were poorly enforced. No one wants to sink money into such a place. Have lived in some places where the standards were enforced by the municipality. Usually worked out fine. Last house we had, the HOA could get a bit frisky. Will say, everyone kept their place up to standards agreed upon at purchase. Standards were enforced regardless of what type house or location within the subdivision. Basically you couldn't rebuild a car in the driveway, had to keep shrubbery trimmed and grass cut, etc. Not a big deal. Now retired. Live in a condominium w/ a HOA. Outside of condos, lawns, shrubbery, etc. stays nice. Also have playgrounds, very nice swimming pool, tennis courts, nice areas for grilling, very well maintained parking areas, no crazy loud jacked up music in the middle of the night, etc. Happy not to have to deal with a 5 acre yard, jungle of bushes, etc. All in all, its a good deal. Sincerely. bruce.

[Vern Humphrey]

[QUOTE=Allen;657151]I agree that taxes should be paid in the form of sales tax. That way everyone pays.

[quote]

Sales taxes are regressive -- the poor pay more, percentage-wise than the rich.

[Allen]

[QUOTE=Vern Humphrey;657734][QUOTE=Allen;657151]I agree that taxes should be paid in the form of sales tax. That way everyone pays.

Sales taxes are regressive -- the poor pay more, percentage-wise than the rich.

Might be one of many incentives for the poor to become rich or richer as in bettering themselves. Some of the poor want to be poor since so much is done for them.

[Vern Humphrey]

[QUOTE=Allen;657736][QUOTE=Vern Humphrey;657734]

I agree that taxes should be paid in the form of sales tax. That way everyone pays.



Might be one of many incentives for the poor to become rich or richer as in bettering themselves. Some of the poor want to be poor since so much is done for them.

What is done for the poor is being done to buy their votes -- and to provide jobs for poverty bureaucrats.

[Mark in Ottawa]

I just got an interesting statement from our county assessor. 2024 my houses FCV (full cash value) is right on what I consider is accurate. $430,000. Then there's the estimate for 2025. The FCV drops $58,000. I tried to go on line but that's too tough for me to figure out. If you call the ph. no., well, I stayed on the phone for fifteen minutes and gave up.
I'm not overly concerned about any of it.
Oh and that's not what the tax is based on. It went up 5%.

Depending on where you are, municpal taxes are not based on fair market value (or full cash value). They are based on "assessed" value where the assessed value is the fair market value in a particular year and that year is used for the whole municiplity. Assessed value does not change as market value changes but is held steady for many years. This allows the system to rate the value of your house to other similar houses without having to worry about the volatility of the market. Things that do cause the assessed value to change are changes to the house itself (say adding a swimming pool or doing a renovation or building an addition)

[RED]

Years ago my dad went to an out of state gun show. On the way down he got a speeding ticket in a small town in the other state. On the way back he was careful to keep his speed just below the posted speed limit in the same town, but got another ticket for speeding. It's all about the revenue.

EXACTLY!

[RED]

[QUOTE=Vern Humphrey;657734][QUOTE=Allen;657151]I agree that taxes should be paid in the form of sales tax. That way everyone pays.

Sales taxes are regressive -- the poor pay more, percentage-wise than the rich.

Because the poor buy more, a higher percentage of their income. I have a very small income, but I also own property and my property taxes plus sales taxes combined are almost 66% of that income. How many poor people pay that much of their income.