Not the ideal solution. But it gets us closer to zero property tax.Instead of a 'Freeze' lets have a NO PROPERTY TAXES for senior.
Not the ideal solution. But it gets us closer to zero property tax.Instead of a 'Freeze' lets have a NO PROPERTY TAXES for senior.
Only progressive INGO.Never realized INGO supported progressive taxes
I just see it as the rest of us having to make up the difference until we hit that age, if we do.Not the ideal solution. But it gets us closer to zero property tax.
Please just skip my posts, you never add any context to the conversation…Never realized INGO supported progressive taxes
This is true, and I wholeheartedly agree. I merely answerd a question as best I could, in the context of the situation and suddenly I became a tax and spend leftist that believes in redistribution.I just see it as the rest of us having to make up the difference until we hit that age, if we do.
Yes! If one built a home, whether that is a mega-ranch or a small house, it should not cost them a dime to the government…Property tax is inherently unethical for the sole reason that you technically can't own land.
You don't own something if it gets taken away because you stopped paying some person for it. That person owns it, not you.
Property tax is effectively making you believe you own property, when in reality the government just lets you rent it.
It's something that should be banned through a constitutional amendment.
A tax is usually on a transfer of wealth, rather it be when buying something, or getting paid. Property, when owned and paid for, is no longer a transfer of wealth.
When they passed legislation to give seniors a break did they also pass an accompanying increase to your tax rates to make up the difference? Or did they figure they could just fudge it in the assessments to make up the ground lost?I just see it as the rest of us having to make up the difference until we hit that age, if we do.
But then we’d miss the context you tend to ignore.Please just skip my posts, you never add any context to the conversation…
seriously? This infuriates me. I was thinking duke energy until i read the article. Im sure duke development got a sweetheart deal at the working folks expense.And even more painful Duke gave many commercial tenants a 10 year tax abatement in Whitestown so the local residents subsidized that deficit
good point. maybe the people collecting the tax money were raised with the new math half of my co-workers I have no clue how they do math and how 2+2 can equal 5 now. But who knows I’m the old straight guy at work so…..When they passed legislation to give seniors a break did they also pass an accompanying increase to your tax rates to make up the difference? Or did they figure they could just fudge it in the assessments to make up the ground lost?
You don't think someone is making that up somewhere? Or are you just arguing with yourself as to where they are making that up? Either way, I don't care. It results in tax burden (which should not be a thing on property tax for anyone) and removing it from some to the detriment of others. It amounts to a redistribution of wealth from a tax that should not exist at all.When they passed legislation to give seniors a break did they also pass an accompanying increase to your tax rates to make up the difference? Or did they figure they could just fudge it in the assessments to make up the ground lost?
No conspiracy needed, it always works out that way, it is the system. Simplified, the taxing units all submit their budgets once that amount is determined it is spread across the assessed property, which is why it is often discussed as A x $100 of assessed value.When they passed legislation to give seniors a break did they also pass an accompanying increase to your tax rates to make up the difference? Or did they figure they could just fudge it in the assessments to make up the ground lost?
Yes! If one built a home, whether that is a mega-ranch or a small house, it should not cost them a dime to the government…
There was No conspiracy implied. But anyway. So yer saying. Assessed value is not market value. I think you owe some people an apology.No conspiracy needed, it always works out that way, it is the system. Simplified, the taxing units all submit their budgets once that amount is determined it is spread across the assessed property, which is why it is often discussed as A x $100 of assessed value.
Therefore if a senior receives a $100,000 reduction in assessed value, that removes $1000,000 of assessed value from the county rolls, that means more will be paid per $100 by everyone on the roll. The budget doesn’t change because of the exemption…
That’s why I said that if some people get a tax break, everyone should. No carve-outs. I am not talking about giving it to all seniors. Everyone. No special classes. No graduated taxes. Give us all a break. And then if government doesn’t have enough money, they can just have a ****ing bake sale. We’re all taxed enough already.You don't think someone is making that up somewhere? Or are you just arguing with yourself as to where they are making that up? Either way, I don't care. It results in tax burden (which should not be a thing on property tax for anyone) and removing it from some to the detriment of others. It amounts to a redistribution of wealth from a tax that should not exist at all.
A small set of safety net programs should exist for temporary needs. Those programs if they are to exist should do so through specific and transparent funding, and not be pulled from taxation slush funds.
That said, in general, taxation programs should be to pay expenses incurred by govt and should not be used as social programs that redistribute wealth, etc. Taxation programs should be transparent as to what they actually fund, with direct traceability.
Assessed values are usually less than market value typically. I challenged those saying different to post examples of single family homes in neighborhoods assessed values being greater than sale prices but I got crickets…There was No conspiracy implied. But anyway. So yer saying. Assessed value is not market value. I think you owe some people an apology.
But you just said that they lower adjustments for some people and then raise them for everyone else to make up for the break they gave the special class. That they “spread it around” so to speak, based on the cost of government. And before, you claimed that the assessments were all market based. Clearly you’re contradicting yourself.Assessed values are usually less than market value typically. I challenged those saying different to post examples of single family homes in neighborhoods assessed values being greater than sale prices but I got crickets…
Nothing to do with taxes, but… The problem though, in this market you’ll be selling something at an inflated price and buying something else at an inflated price. It’s downsizing though. So that’s gonna hurt less. Those looking to move up have the worst of it.No addy given but I will play.
My humble home is assessed at just over 208k. I did not have my realtor run all the numbers but comps and gut put it at selling just under or right at 300k.
Every year I complain about property taxes and I usually have at least one place I challenge them on. I let my place be. I hate paying the taxes on it, but I have done a lot to it and it is still under market.
Actually the numbers I had run were at the beginning of this crazy market. Who knows what I could get for it now. I keep telling the boss we need to find or build a smaller place so we can sell this and take advantage of the crazy prices. I own it outright and have been here long enough that I would keep all the money from closing.
Doesn't seem like it will happen tho. Life keeps getting in the way.