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Property Taxes


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linskyjack's Avatar
Distinguished Member with 22,281 posts.
 
Join Date: Aug 2004
13-Oct-2006, 07:32 PM #1
Property Taxes
How are your property taxes? I live in the highest taxed county in America and I was wondering where everyone elses taxes have been going. Any tax relief received vis a vis the Bush tax cuts has been more then offset by our local taxes. In fact, in total taxes, I am paying more then I was paying before Bush came to office (with inflation relatively under control).

How is everyone else doing?
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GoneForNow's Avatar
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13-Oct-2006, 09:00 PM #2
Quote:
Originally Posted by linskyjack
How are your property taxes? I live in the highest taxed county in America and I was wondering where everyone elses taxes have been going. Any tax relief received vis a vis the Bush tax cuts has been more then offset by our local taxes. In fact, in total taxes, I am paying more then I was paying before Bush came to office (with inflation relatively under control).

How is everyone else doing?
My per $100 assessed value tax went down of course my house value increased over 120% in three years. So I pay more in real property taxes but the actual tax rate went down. That has to offset by my borrowing the increased equity and investing at a greater return then the interest rate on the loan. As a result I net out more money as a result of the federal tax cuts. I essential used the increased value to generate a postive cash flow by doing nothing. Sweet!
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Mulderator's Avatar
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13-Oct-2006, 09:06 PM #3
Quote:
Originally Posted by linskyjack
How are your property taxes? I live in the highest taxed county in America and I was wondering where everyone elses taxes have been going. Any tax relief received vis a vis the Bush tax cuts has been more then offset by our local taxes. In fact, in total taxes, I am paying more then I was paying before Bush came to office (with inflation relatively under control).

How is everyone else doing?
My taxes haven't gone up at all--we passed Prop 13 so that liberals could not raise taxes on property and I live in a state where the liberals need a 2/3rds majority to raise income taxes and the Republicans, even though a minority, have enough votes to block the tax hikes that liberals have tried. Their latest attempt is a 4 billion dollar tax on gas--my guess is the idiots that live in this state (like poochee) are going to approve the gas tax in because they think they are screwing the oil companies!

Your problem is you live in a very liberal state--you are always going to get your taxes raised.
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Mulderator's Avatar
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13-Oct-2006, 09:09 PM #4
Overall, my taxes have been lower as a percentage of income since about the 3rd year after Bush took office.
GoneForNow's Avatar
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13-Oct-2006, 09:09 PM #5
Yeah linsky how is her highness Hillary?
GoneForNow's Avatar
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13-Oct-2006, 09:10 PM #6
Quote:
Originally Posted by Mulder
Overall, my taxes have been lower as a percentage of income since about the 3rd year after Bush took office.

You ain't been trying hard enough....income shift
Mulderator's Avatar
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13-Oct-2006, 09:19 PM #7
What is truly friggin amazing to me is how stupid people are--how easily they get sold by politicians like Rep who make them think that paying more in taxes is going to make their lives better. We started out years ago with 1 percent sales taxes and half percent property taxes and 1 or 2% income taxes and the states have steadily raised those rates over the years to the point now we have 7 or 8 percent sale tax, 3 or 4% property taxes, and 5 to 10% income tax.

Hello--McFly!!!! Why do they need to raise the rates? Why could they function at much lower rates years ago?

The answer is simple---the ratio of workers in government jobs to private industry has grown dramatically in the last 20 years especially, primarily due to strong union lobbies and the backing of the Democrats. And a sure indicator of a failing economic system is a high ratio of non-productive (i.e., goverment) to productive workers.

Linksy is dumb enough to believe his local DNC when they tell him they need higher tax rates to function and he expects the rest of us to follow suit!
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linskyjack's Avatar
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13-Oct-2006, 09:23 PM #8
Okay, I can't say that two lawyers make for a good survey----By the way Mulder----you are dumb enough not to know that my Governor is a Republican, Republicans run our State Senate and Republicans run our Town.

Hillary is fine---set to set the Democratic Party back once again.
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13-Oct-2006, 09:51 PM #9
Quote:
Originally Posted by linskyjack
Hillary is fine---set to set the Democratic Party back once again.
I'll agree with you there....she set the party way back.

By the way I'm a Democrat....a real Democrat.
ekim68's Avatar
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13-Oct-2006, 11:44 PM #10
Quote:
Originally Posted by gbrumb
I'll agree with you there....she set the party way back.

By the way I'm a Democrat....a real Democrat.
What's a real democrat?

BTW, I rent and I vote. So onward with the tax increases...
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13-Oct-2006, 11:54 PM #11
Quote:
Originally Posted by ekim68
What's a real democrat?

BTW, I rent and I vote. So onward with the tax increases...
None that are in office now.

Not to quick on the uptake are you. Raise property taxes and the landlord raises your rent. He or she is just going to pass it on to you.
ekim68's Avatar
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14-Oct-2006, 12:25 AM #12
Yep, but, in a way the process is slowed by paperwork...Thank goodness for paperwork..

My rent goes up every so often, but so does everything else...A couple of months ago I was
paying as much for gas per month as rent...So, I guess it's relative...
bassetman's Avatar
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14-Oct-2006, 02:58 AM #13
When I bought my house, taxes were $450/ yr. I put an addition on the house and built a 20x24 garage and my taxes are now $2200./yr
Paquadez's Avatar
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14-Oct-2006, 04:19 AM #14
To me, I believe that this thread beggars the question why are properties taxed and to what use are the funds raised put?

Personally, I believe that property taxes are yet another example of raging incompetence and the profligate behaviour of politicians of all colour!

OK, I think we would all agree that the raison d'etre of and for property taxes was to pay for civic services. OK so far.

However, tax mad pols abuse such revenue raising activities and this is where it all goes wrong!

In the UK, we used to have what were called rates; these were levied on the basis of what was called "Ratable Value", which was a sort of notional value of a property and then rates were levied as a percentage of the expected budget necessary to operate a community and provide essential services, The word "Essential" is the critical key!

Since those days (when local councils etc ran pretty effectively, in the main and rates were quite low), we suffered the so-called Poll tax, which taxed people rather than houses and buildings and was so unfair it had to be cancelled. Another triumph for Margaret Thatcher.

She should have read her history and understood what happened before!

Poll tax was replaced by Council Tax. And this is unfair because it fails to take into account the true value differences, owing to the way it is Banded. With government stated infaltion running at between 2-3% for many yars (if, of course you believe them; I don't! ), Council tax has increased in double digit terms. However, if you want the local council to actually do something, then their monotonous bleat is "Lack of resources: can't help!"

Pardon me? Lack of resources? How can this be? If inflation runs at say 3% and Council Tax rises at an average of 10% how can resource be lacking?

We now suffer very high local taxes for very useless local services, most of which tend to be focused on meddling social works beloved of the bleeding heart left-wingers.

The spend vast sums on such estoeric and esential things as Diversity Policy, which means changing normal life to suit their concept of what should be...........

Meanwhile, the local councils have built a power base and are preoccupied simply with self-perpetuation. They have forgotten and ignored what it was all supposed to be about!

And it keeps going up and up and up and up...........................

And that's usually the core problem with all taxes; the thing they were originally intended to fund is forgotten: and any tax is seen as an excellent target for greedy, insane pols, trying to build up their own power base.

We have now reached the point where between 30-40% (average) of ALL council tax collected is being to used to pay the pensions of retired council workers! And council workers, who are not poorly paid today, have negotiated a separate deal with Government to still allow them to retire on full pension at 60! Whereas the rest of us stiffs have to work until 65 minimum and in a few years, 67 then 69 and so on.

Interesting that In France, my property taxes are circa one third of my property taxes in the UK! And my French house is twice as big (at least); and the local commune (as it called) is run very effectively.

Paq
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bomb #21's Avatar
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14-Oct-2006, 07:22 AM #15
So y'all pay an "ad valorem" tax purely for the "privilege" of owning a property?

What a bizarre state of affairs.
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