Taxes

[B7500]

..just venting here....

I understand the need for taxes but 27 % in one shot (and that's not even the school taxes) is a bit hard to swallow.

http://www.pressrepublican.com/Archive/2006/01_2006/011320062.htm

 

[MossRoad]

Depends on what the original tax rate was...

27% of 1.00 is only 27 cents.
27% of a thousand dollars is $270.00.

The example given was a $116,000 house would pay an additional $300 per year. Sounds like the tax rate was around 1% and is going to 1.27%. Someone else can do the exact math...

 

[scott_vt]

Taxes are going up all over, obviously steeper increases in some locals than others. Upstate Ny seems to pay more than their share unfortunately, NYC builds something and upstate Ny pays for it. that is not fair IMHO /forums/images/graemlins/confused.gif

Also as the article states, the taxpayers are bailing out the state on lucrative retirement plans. I feel the state needs to reavaluate there retirement benefits to shift some of the taxpayers burden. I also realize that part of being a state employee is accepting wages that may not be what they would be in private industry, and the state employees accept this fact with enhanced benefits being the drawing card to their particular job. It will be a difficult job for your state legistators to correct.

scotty

 

[Dk45_Jeff]

NY state property and school tax rates are getting ridiculous. Taxes on my property in Hamilton county have gone up between 10 and 15 percent each of the last five years. Plattsburgh’s new 1.21% tax rate is only the city property tax and would not include the school tax. My NY school taxes are the same as the property taxes and I suspect Plattsburgh would have a similar situation. Think of it this way, between school and property taxes the median household is paying about $3000 a year in taxes in an area where the median household income is less then $60,000. In my Virginia county a home costing six times the Plattsburgh average has a smaller tax bill. Keep in mind NY also has high income and sales taxes (7.385 to 9.5% depending on county). No wonder the state is experiencing a population decrease.

Another thing to note is the median age in many upstate communities is near or above the retirement age and NY provides retirees great tax breaks. These rate hikes are going to keep coming. I would love to move back home, but there is no way I would subject my family to the drastic standard of living reduction NY’s economic situation would require.

 

[Harleymsn]

Actually the New York State legislature is responsible for this mess. For the past 25 years, state lawmakers have attempted to 'steal' money from the pension fund for pet projects. The state Comptrollers had consistenly fought these efforts and were sucessful. That pension system was the most stable sysytem in the country and the reserves were staggering. Since they could not steal that money, several years ago the lawmakers devised a plan where they stopped sending local communities their share of the state taxes. To make this fly with the communities, they changed the pension formula and for several years, the communities paid NOTHING into the pension system. When the courts ruled that it was illegal, the communities were ordered to make up the missed payments.
Now this, along with 9/11 and pension money siphoned off for NYC has finally caught up and of course the politicians love to blame the state and local employees rather than themselves. Oh, also those same state lawmakers and politicians collect huge pensions from the fund while no one pays in for them.
Is there any wonder that after being an upstate NY police officer for 25 years, I took my NYS pension and moved to Tennessee...... and NO I feel no guilt at all.

 

[dsutt]

I hear you. We are in process of buying a farm in Tioga county, and found that the agent outright lied to us about the taxes. They are DOUBLE what he told us - had to go the the assessor to find out the ~$7k tax load. STAR and Ag assessment will get it down some, but if I did not have a very good job here and some family, I'd be outta here.
Periodically, I think that the only way the NY politics will get fixed is with some kind of disaster that wipes Albany (and maybe parts of NYC) out. Sure would be helpful if they split NYC off as a separate state.

 

[jpm]

i better not respond about ny taxes because of forum rule #4

 

[Alan L.]

The property tax on my rent house, which is valued at about $117,000 is over $3000, which is about 2.9%.

 

[B7500]

Hey, I know I’m blessed and I also have the option of selling out but I worked hard for what I have. I’ve never asked anyone for a penny since I was 14 years old. I served my country, put myself through College and just retired after working for 35 years. These homes are my nest eggs. Why, because of incompetent politicians should I?
I just think that's unfair.

 

[meledward23]

You think that's unfair, wait till you property is worth more as a shopping center.

Besides, your not so wet behind the ears to think everything is fair (lighthearted, not an insult).

I was looking at homes. I had two options, each house was about the same price. One the Taxes were around $ 4,000.00 annually the other only $ 853.00 annually. Well obviously one is more "in town" than the second. Unfortunately the building boom in the second country is going to sky rocket the taxes over the next few years. But that is a huge wow.

As I always say, you own just about nothing. If you think you own it, just dont correspond with the government for a while and see what happens. You lease the land/house. You may own a car so long as you keep it on your property.

I guess you only have a lease on life (in more ways than one) especially as your family lowers the coffin the Gov comes and asks for their payment for your right to death.