Property Tax Freeze

[Ingomike]

Sounds like you’re in favor of “equitable” vs. “equal” ideas similar to the bogus 10,000 page tax code and increased taxpayer funded irs agents. I always prefer a flat - across the board rate. It’s not anyone’s right to judge and play god for certain people or classes imo.

Do not start with me new guy that does not know me yet. If you had been here more than a minute you would know where folks stand on a host of issues. So before accusing people of things you have no idea about maybe read more than spout off.

 

[jamil]

Do not start with me new guy that does not know me yet. If you had been here more than a minute you would know where folks stand on a host of issues. So before accusing people of things you have no idea about maybe read more than spout off.

In fairness, you took the position I thought you would. And your position looks to be more favorable to “tax the rich”. That’s the equitable position. My position is, if anyone should get a tax break, everyone should. That’s fairness.

 

[bobzilla]

“when housing market declined in 08’/09’ the tax assessments didn’t reflect the lowered value.”

This statement is “flat wrong”. Maybe the original poster should not make incorrect blanket statements.

It is laughable the number of people that say their assessment is too high but when I ask them to show me the houses in their neighborhood that sold for less they have nothing.

Some properties are very hard to value but those are not the topic, neighborhood homes are and they are not hard to value…

We got our reassessment a month or so ago. I started to bitch and then started doing the research on home values in our area. Instead of filing for a reassessment thinking it was too high I realized values aroubd us have shot up and I’m afraid if I push that too hard we will get assessed more accurately for what the value should be.

It’s still a 1% cap, assessments have an avenue to address over assessment but many are too lazy to do anything about it. It’s much easier to whine and cry in the internets about how it’s unfair.

 

[WebSnyper]

So someone over 65 that lives in say $1 million plus Home doesn’t deserve a tax break that someone over 65 that lives in a lesser value home deserves? So what is your threshold exactly? What if it’s an $1m home versus an $999k home? Oh, and what would the cost be to oversee this because the last thing we need more of is bureaucratic tape. And what about if the senior is lgbtq or some other social “it” class? They get more of an exemption? Should they get penalized if they have a license to carry? I think it’s a slippery slope to judge based on social factors or “what someone deserves” and basically redistribute wealth or perceived wealth. Sounds too left for my taste.

Exactly. There should not be income, and age, etc "qualifications".
It amounts to a redistribution of wealth and I'm not good with that.

Not particularly in favor of property tax, and definitely not in favor of it on assessed but unrealized "gains" in property value, but definitely not in favor of it being some kind of welfare, special qualifications redistribution of wealth system at all.

It's either a tax on property value or its a redistribution welfare system. Pick one, as it shouldn't be both. Neither should income taxes nor social security be redistribution of wealth/welfare systems. If social security is going to be a forced retirement system then don't go handing it back out to folks who haven't paid in, etc. And no one should get more of an income tax "refund" than they paid in total income taxes, etc.

 

[Ingomike]

Oh c’mon. That’s yet another false dichotomy. There is more than merely real market value that determines assessment.

Yes and no, the initial assessment includes a lot of factors, like quality of build etc. reassessment is primarily market value.

“Annual Adjustments or “trending” of property values became part of Indiana’s move to a market-based assessment system that began in 2002.”

Overview

www.in.gov

 

[Ingomike]

So someone over 65 that lives in say $1 million plus Home doesn’t deserve a tax break that someone over 65 that lives in a lesser value home deserves? So what is your threshold exactly? What if it’s an $1m home versus an $999k home? Oh, and what would the cost be to oversee this because the last thing we need more of is bureaucratic tape. And what about if the senior is lgbtq or some other social “it” class? They get more of an exemption? Should they get penalized if they have a license to carry? I think it’s a slippery slope to judge based on social factors or “what someone deserves” and basically redistribute wealth or perceived wealth. Sounds too left for my taste.

We were discussing the current system. I was asked what would be fair to help seniors. If that is the topic I suggested what I believe would be fair to help seniors on tight budgets.

 

[Ingomike]

Why shouldn’t he get a tax exemption like anyone else over the age of 65? Eliminating it sounds like Biden babble to me

That was not the target of the senior exemption, to give billionaires a break, it was for lower income seniors to help them maintain their independence and keep them from being forced to sell their homes because younger folks are willing to pay big money for homes.

 

[Ingomike]

How does this have anything to do with “believing in free markets”

You said what the market value is was artificial. That is not believing in the market.

 

[Ingomike]

In fairness, you took the position I thought you would. And your position looks to be more favorable to “tax the rich”. That’s the equitable position. My position is, if anyone should get a tax break, everyone should. That’s fairness.

Funny thing, several posters here are all upset their assessments are rising because of the market and we were discussing the senior break which I believe is too tight to help many that need the help. I suggested a way to help them. Not big in favor of it but that as it is it doesn’t help many because the rules are to restrictive and it does not allow downsizing.

I do not think those with high value properties should get any break if they are going to do it.

 

[Ingomike]

Exactly. There should not be income, and age, etc "qualifications".
It amounts to a redistribution of wealth and I'm not good with that.

Not particularly in favor of property tax, and definitely not in favor of it on assessed but unrealized "gains" in property value, but definitely not in favor of it being some kind of welfare, special qualifications redistribution of wealth system at all.

It's either a tax on property value or its a redistribution welfare system. Pick one, as it shouldn't be both. Neither should income taxes nor social security be redistribution of wealth/welfare systems. If social security is going to be a forced retirement system then don't go handing it back out to folks who haven't paid in, etc. And no one should get more of an income tax "refund" than they paid in total income taxes, etc.

Mostly agree. So you don’t think there should be ANY exemptions? So no homestead exemption?

 

[WebSnyper]

Mostly agree. So you don’t think there should be ANY exemptions? So no homestead exemption?

If the tax is to cover costs of things like fire department, and other expenses that the govt incurs for services and necessary items on behalf of homeowners, etc then I'm not sure why a second home should be taxed more than ones primary home.

 

[jamil]

Funny thing, several posters here are all upset their assessments are rising because of the market and we were discussing the senior break which I believe is too tight to help many that need the help. I suggested a way to help them. Not big in favor of it but that as it is it doesn’t help many because the rules are to restrictive and it does not allow downsizing.

I do not think those with high value properties should get any break if they are going to do it.

Okay. There’s a word for that. Equity. Not fairness.

 

[dagny99]

We were discussing the current system. I was asked what would be fair to help seniors. If that is the topic I suggested what I believe would be fair to help seniors on tight budgets.

I was responding to this:
“So you good with yourself paying higher taxes while Forest Lucas is getting a huge break on his $20 million dollar house with a senior exemption?”

We were discussing the current system. I was asked what would be fair to help seniors. If that is the topic I suggested what I believe would be fair to help seniors on tight budgets.

I was responding to this:
“So you good with yourself paying higher taxes while Forest Lucas is getting a huge break on his $20 million dollar house with a senior exemption?”

I asked what the threshold is exactly that you think is “fair”. I also stated that I disagree with any wealth distribution based on perceived beliefs etc… that is a slippery slope. And it’s unconstitutional. I don’t agree with the mindset that any person is more deserving to receive a tax break. and I hope that I always have the dignity to reject this type of reparation.

Billionaires, millionaires, farmers (often even cash poor are millionaires on paper), middle class, etc…. Aside a deduction from being over 65 (millionaire or middle class they all deserve the same break) It should be a fixed rate across the board if we are going to be taxed on our properties that we are already buying or have bought with post taxed dollars.

 

[dagny99]

You said what the market value is was artificial. That is not believing in the market.

You said this:
“One either believes in free markets or they do not. So you believe in a big conspiracy that artificially funds common folks to artificially pay too much for property therefore artificially raising your assessment? Got it.”

A free market is one where prices are determined by supply and demand and without government intervention (vis a vis property tax assessments). I’m not exactly clear how you incorrectly interpret what I’ve said with me not believing in free markets.
You’ve stated that you believe assessments (vast majority of) are correct and that government should step in in an “equitable” fashion and redistribute wealth (vis a vis tax breaks for some but not others based on your opinion of fair thresholds like income levels). Based on what I’ve read from you, Perhaps you don’t believe in free markets?

Instead of directly answering any of the questions that I’ve asked you, you responded that I don’t know anything and that your opinion has more bearing based on the number of posts (again, another threshold).

 

[Ingomike]

Instead of directly answering any of the questions that I’ve asked you, you responded that I don’t know anything and that your opinion has more bearing based on the number of posts (again, another threshold).

You can prove me wrong but I believe you a schill account.

 

[dagny99]

We were discussing the current system. I was asked what would be fair to help seniors. If that is the topic I suggested what I believe would be fair to help seniors on tight budgets

Ok we disagree. We can cease fire. Clearly I do not like our current property tax system (or property taxes period). Nor do I think they are constitutional, but that is another topic…..

 

[dagny99]

You can prove me wrong but I believe you a schill account.

What is a shill account?

 

[dagny99]

What is a shill account?

Aside from your definition of the word free market (which is not this threads topic) Nothing to prove wrong if we have a divergence of opinions or beliefs.

 

[Pepi]

Instead of a 'Freeze' lets have a NO PROPERTY TAXES for senior.

 

[Ingomike]

You said this:
“One either believes in free markets or they do not. So you believe in a big conspiracy that artificially funds common folks to artificially pay too much for property therefore artificially raising your assessment? Got it.”

A free market is one where prices are determined by supply and demand and without government intervention (vis a vis property tax assessments). I’m not exactly clear how you incorrectly interpret what I’ve said with me not believing in free markets.
You’ve stated that you believe assessments (vast majority of) are correct and that government should step in in an “equitable” fashion and redistribute wealth (vis a vis tax breaks for some but not others based on your opinion of fair thresholds like income levels). Based on what I’ve read from you, Perhaps you don’t believe in free markets?

Instead of directly answering any of the questions that I’ve asked you, you responded that I don’t know anything and that your opinion has more bearing based on the number of posts (again, another threshold).

The assessments for single family homes are reasonably correct. The market is determined by supply and demand, but you just stated that they are not free markets because of “vis a vis property tax assessments”.

I do not want any property tax at all. If they have one it should be equal for all. That said Indiania has homestead exemption, should that be done away with?