Property Taxes

[MossRoad]

Sometimes it's fun and sometimes it's relevant to bring up an old thread. Just wanted to point out that some of the original participants might not be around anymore to answer questions.

 

[Green Acres Homestead]

Sometimes it's fun and sometimes it's relevant to bring up an old thread. Just wanted to point out that some of the original participants might not be around anymore to answer questions.

I wonder how much the taxes went up since the time this thread was started.

 

[MossRoad]

I wonder how much the taxes went up since the time this thread was started.

Mine went down! :confused2:

On our house, the taxes are about 20% less than when we bought it in 1995. Our vacant land, 20 acres, has more than doubled in that same time period. Yet, overall, we pay less property tax total now than we did 24 years ago even though the assessed value has gone up.

We got some weird stuff going on in this county due to a very stubborn tax assessor who, along with her family, owns rental properties near the college. It's been in the papers for a couple years. I'm surprised she hasn't been booted out. The county should be collecting way more property taxes from rental properties than it is due to the way she figures assessments, and the broad areas she uses to compare "like sales". Anywho, it's rare for someone to say this, but we should be paying more property taxes than we are, and the landlords near the college aren't paying a fair share, either. This is a very odd county in that respect.

 

[ultrarunner]

Almost always up and in some cases by a lot...

Greatest factor is city or county... city can be 50% higher than county but places in the county have all the city services... go figure.

I do spend a fair amount of time challenging and never lost... my guess is many simply accept and pay.

 

[herm0016]

2 properties, one went up 50% the other, 20%. no caps in CO.

 

[gsganzer]

I've always had a couple of issues with property tax and think it's a crappy way for revenue for a couple of reasons.


1. It's not self regulating in relation to a persons income or consumption.
I pay $7500/year in property taxes, that's $625/month. If I got injured or lost my job tomorrow, I could reduce my expenses and try to get by. But I'd still need to come up with $625/mo to have a place to live. Same with cycles in the economy. Regardless if we're in a boom or bust economy, my property tax remains the same.

2. People that don't own property and don't have "skin in the game" regarding property tax are able to vote on issues about how your property tax is spent.


I've always thought that an income and consumption tax is a better system that equally impacts everyone.

 

[DaveNJ]

I have the privilege of living in the state with the highest property taxes in the country. $13,800 annually for a relatively modest 3 bedroom home on 1 acre with no municipal water or sewer or trash collection. Also, $1,400 annually for 23 acres farm/forestry assessed.

 

[Cookieman53]

in North Carolina/ Randolph co. our home taxes are cheaper that the other county next to us..But we also have to pay for just about anything you own..dog, cat, boat/trailer riding mower, tractor..in the other county they have to even pay for rain water fallen on their home/driveway...whatever you have cover up on the ground they rain taxed it by square feet..Here we also have to pay our car taxes from our home taxes...I never did figure why my truck tag cost 20.00 more than a car tag...I think my chevy truck cost 60.00 plus 30 for inspecting..for a little stamp size sticker to stick on..I like the other guy that post here. if you don't even own ( renter ) anything you can vote on higher taxes for the homeowner to pay...

 

[wagne223]

I've always had a couple of issues with property tax and think it's a crappy way for revenue for a couple of reasons.


1. It's not self regulating in relation to a persons income or consumption.
I pay $7500/year in property taxes, that's $625/month. If I got injured or lost my job tomorrow, I could reduce my expenses and try to get by. But I'd still need to come up with $625/mo to have a place to live. Same with cycles in the economy. Regardless if we're in a boom or bust economy, my property tax remains the same.

2. People that don't own property and don't have "skin in the game" regarding property tax are able to vote on issues about how your property tax is spent.


I've always thought that an income and consumption tax is a better system that equally impacts everyone.

I agree that property tax is unfair and a poor way of taxing.

Consumption tax, yes.
Income tax, no.

Our current income tax system needs to be replaced by a consumption tax.

 

[Tomtint]

My property taxes this year are nearing 20k. We have private sewer and water, maintain my own road, pay a company for trash pick up, and no kids in the school system. I think I make a decent living ... but the tax burden the town is placing on us has us looking to get out. Between property tax, excise tax on cars and business, along with state and federal income tax and other associated fees etc.... it's out of control. I simply cant imagine it's going to be sustainable here, ..and soon people are going to revolt.