The Glut Cometh

[5030]

Ummm..... renters sure they don't pay property taxes directly to the taxing authority.... but unless you are renting it out at a loss they are paying the taxes to you as part of their rent and you are sending it along to the tax man. If your property taxes went up 50% wouldn't you increase your rent the same?

Only if my wife said it was okay. I tailor my rent to break even and no more because the excess is 100% taxable and I'm not greedy. The one thing I don't like doing is giving any government entity any more funding than they need because they are poor managers.

 

[ultrarunner]

Ummm..... renters sure they don't pay property taxes directly to the taxing authority.... but unless you are renting it out at a loss they are paying the taxes to you as part of their rent and you are sending it along to the tax man. If your property taxes went up 50% wouldn't you increase your rent the same?

Wish it were so... rent control is fixed at half the CPI...

 

[ultrarunner]

Real estate taxes are a ponzi scheme. You never own your property because if you don't pay your RE taxes in a timely manner, the taxing entity forecloses on it, sells it at auction and you are still responsible for the balance of the taxes and they will hound you forever.

What galls me is how the RE taxes are distributed. I realize they support local infrastructure but some of the line items border on insanity and of course local school districts get the lions share of it and then turn around and ask for more via bond issues (I always vote no on all of them). they get enough as it is... and it don't matter if you have school age kids or not, you still support them. Conversely, if you rent (I am a landlord and own multiple rental properties), you never pay any property taxes no matter how many school age children you have in the local school district. Renting is really the way to go actually. Too bad good renters are a rare commodity. I happen to have good ones but a lot of landlords don't. Poor renters can be a huge liability as they can destroy a rental property and you really have no recourse other than the security deposit and that rarely covers the damage bad renters can do. Been there, did that and it's not a pleasant thing to deal with financially.

Have one parcel with a
$200 value but the tax including 26 special assessments totaled $1300.

I spoke with assessor who agreed to lower it to zero value... this means no special assessments as property is zero value... yippee.

 

[5030]

Wish it were so... rent control is fixed at half the CPI...

Not here.

 

[5030]

Have one parcel with a
$200 value but the tax including 26 special assessments totaled $1300.

I spoke with assessor who agreed to lower it to zero value... this means no special assessments as property is zero value... yippee.

Not talking about vacant property. My farm fields are taxed at an entirely different rate than property with dwelling on it.

 

[TheMan419]

Wish it were so... rent control is fixed at half the CPI...

Not here. You can set rent at whatever you want.... of course if you go too high no one will rent from you.

 

[ultrarunner]

Not talking about vacant property. My farm fields are taxed at an entirely different rate than property with dwelling on it.

It is an irregular parcel for utilities but had different zoning so it had to stand alone which was OK until the parcel taxes went crazy... up to 26 now... all voter approved.

No AG zoning in the city for many decades...

 

[alexpops]

School taxes would be fine, if they did what the original intent was ... educate an "employable" workforce. Today, public schools teach kids everything except what it takes to be employable, consequently, funding needs to be cut until they get back to training an employable workforce.

 

[Larry Caldwell]

They sometimes have things worth listening to. Just today they had somebody on explaining how unhealthy my gas stove is; all of the CO1 and benzene that it emits into the house. Also, the pilot light which puts methane into the air 24 hours per day whether I use it or not. I was all ready to rip it out when I got home tonight... until I remembered that my stove has electronic ignition rather than pilot lights, and that nice stainless steel hood I bought ejects all of the gases he states out into the air.
Plus when the power goes out I can light the burners with a match, instead of relying on my microwave.

When we bought this place in '94, I bought a propane camp stove for when the power goes out. In all those years, I have never used it. We cook on top of the wood stove. I do have a really nice propane single burner hot plate that I use for canning, but I take it outside. It's big enough to be stable holding a really large canner, and not making heat inside the house during canning season is nice.

 

[5030]

When we bought this place in '94, I bought a propane camp stove for when the power goes out. In all those years, I have never used it. We cook on top of the wood stove. I do have a really nice propane single burner hot plate that I use for canning, but I take it outside. It's big enough to be stable holding a really large canner, and not making heat inside the house during canning season is nice.

A bit too rustic for my tastes.