Posted on 12/22/2015 1:07:05 PM PST by george76
Egads! I pay over $11,000 per year for my home property tax. It’s not a mansion either.
You’re omitting the special assessments. The government has effectively short circuited Prop 13.
BTW what exactly did your first sentence mean?
What about Prop 13, was it? Did it get overturned?
I listen to a Boston radio guy, and just about every year, the hackerama tries to overturn the Kali-inspired Prop 2-1/2 property tax limitation (officially, Proposition 2 in 1980) with all sorts of chicanery.
California has Proposition 13 - that means a real property tax cap of 1% (based on the original purchase price) I thought.
[Massive California “impact” fees are another matter altogether.]
“I hate stupid people. Accesses value is not the same as market value.”
” Accesses value”
“Get the accessment rate and then compute the taxes.”
Assessed value vs market value.
Did you know there are towns assessed at 100% of market value ? It is more prevalent in east coast cities and towns. It is generally one or two percent of value.
Spel czech is yo fiend !
I can guarantee that the annual tax rate does go up more than 1%. Mine just did.
This is by far, the highest property tax I ever heard of.
Here in CA, we have Prop 13 which sort of caps things, but newer or reassessed property taxes can be huge. I'd be in hog heaven at $5 grand/year.
Nah, they just call the increases something else.
You’re getting economically gang raped along with millions of other Americans.
The property taxes in some places is tantamount to financial rape. Parts of N.J are very bad too.
Property owners are the ones who are going to be supporting the “unaccompanied children” who will need food, clothing and shelter. Those things will be come part of the “public education” that property owners owe them.
They get us one way or another.
Here in NC where I live, assessed value is defined as the market value.
“The property taxes in some places is tantamount to financial rape. Parts of N.J are very bad too.”
I paid 15k a year in property taxes in central NJ. First chance I had I picked up and moved to Texas. Not only did my taxes go down 9k, it went down another 1k because I am a disabled Vet.
Same size house, same property size.
Ouch. But what do I do? If I don't pay, men with guns and badges will come and seize my home.
Well, Illinois homeowners should look at the bright side. Sure, their property taxes are a crushing burden that is making them materially poorer. But at least they have the comfort of knowing, as their houses go into foreclosure and they end up on their relatives’ couches or in a homeless shelter, that their state employees can retire early on full pensions with full health benefits that they don’t have to pay for.
Socialism is fun.
If you think about it, the very existance of property taxes makes true land ownership illegal, since paying rent in perpetuity isn’t ‘ownership’ at all.
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