Taxes

[YanmarFever]

<font color="blue"> 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. </font>

No truer words have been spoken all day !!!

Im for abolishing all property taxes, because like you said dont pay them once and you loose the land , so you really dont own it at all, just a piece of paper.
Step out of line & they come and take it away.

A flat tax or a user tax on all goods would be a lot better
dont use = dont pay /forums/images/graemlins/grin.gif

Im tired of carrying the burden for all the loosers and politricsters.

OK. all you on the govt. dole start flaming

 

[slowrev]

This thread is too political for me. I do not dare post...Oh I just did ?? oh well.

Ben

 

[jim_wilson]

<font color="blue"> 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. </font>

I have never heard it expressed like this before but it is sort of true. There are a lot of incongruities in the way the law treats your so called personal property. In the area of property crime it has always upset me that a crime can be commited that takes your property and it many cases it gets treated by the law as no big deal. But if you were to get say kidnapped that would be a big deal. I can't really see the difference between the part of my life that is lost to working for a piece of material goods that somebody takes from me and kidnapping me for a comparable amount of time. If I go to work every day and spend the money I earned on say a DVD player, and then it is stolen, in essence that person has stolen a piece of my life - not a piece of property. Property is not free - you pay for it with pieces of your life that you exchange for money. Here in MA we constantly have issues like this - referendums for tax reduction that the legislature ignores, ballot questions for spending that mean nothing because they get ignored, etc. One of the best things to happen here was Proposition 2 1/2 which limits property tax increases to 2 1/2 % on any given year. And there are groups that are trying to overturn that. I seem to remember quite a while back there was a group of people who had this same problem - they kept talking about taxation without representation or something like that...............

 

[Jagmandave]

Yeah, California wasn't it?


/forums/images/graemlins/grin.gif

 

[scott_vt]

Hi Harley,
Thanks for putting some helpful insight under my nose. Obviously as an employee in upstate Ny you know a great deal more about the situation than myself.

I dont blame you one bit for bailing out while the gettin is good /forums/images/graemlins/grin.gif

scotty

 

[jim_wilson]

Actually I think California was the state where the property tax cap initiatives started... /forums/images/graemlins/laugh.gif

 

[Harleymsn]

</font><font color="blue" class="small">( The property tax on my rent house, which is valued at about $117,000 is over $3000, which is about 2.9%. )</font>

Alan, those are rates that New Yorkers would love. I had 2 homes in Niagara Falls, NY
#1 was a nice little 2 bedroom, small lot 2 car garage. The city assessed it at $30K..taxes $1300 per year. Finally sold after 3 years for $14K
#2 a nice older 3 bedroom, larger lot 2 car garage. The city assessed for $59K, taxes $2500. I was really lucky to sell it for $50K (Just learned that this years taxes on this one is $2700)
I have family still there, one of my brothers is just south of Buffalo. His homes is valued at about $350K and his taxes are over $20K per year.....yes $20K

I have 11 acres here in Tennessee on which I have just built a new 1500 sq ft Barn/home. They probably won't get the assesment up to true value for about 5 years (that's what the assessor told me) I just received my tax bill last month $41.00, I expect next years to be about $125.00 and finally when they get me to full assessment at the present rate it will be $415.00 (Total taxes)

 

[scott_vt]

Hi Joe,
Boy with those kind of rates you better be careful or your gonna have a lot of neighbors /forums/images/graemlins/grin.gif

scotty

 

[ultrarunner]

I am not very political, but I don't see anything wrong with buying a home and being able to project the future property tax burden.

In California, the basic tax is 1% of the purchase price, with the tax amount limited to a 2% annual increase. In reality, the actual tax rate is more like 1.5% because of all of the "Special" assesments for street lights, police, fire, library, etc.

I pay 5x the property tax of my retired neighbors with the same tract home as mine because their tax base is from the 1970's. I Don't have a problem with that because I knew going in what my taxes would be and I know my retired elderly neighbors would be forced to sell if they had to pay taxes based on my home's assesment.