Keyword: propertytax

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  • Giving Grandma a tax break to get more homes on the market: realtors’ Prop. 13 ballot proposal

    12/11/2017 12:57:32 PM PST · by NohSpinZone · 13 replies
    San Jose Mercury News ^ | 12/11/13 | Katy Murphy
    SNIP The proposal from the California Association of Realtors would expand Proposition 13, the landmark constitutional amendment passed by voters in 1978 that has kept homeowners’ property taxes artificially low over the years, even as their home values have doubled or even quadrupled. Under the initiative, homeowners who are over 55 or severely disabled would be able to keep those lower tax obligations for life, regardless of how many times they move, as long as they stay in California. SNIP
  • My Proposal for a Real Property Tax Civil Rights Act

    10/31/2017 10:03:13 AM PDT · by Brian Griffin · 41 replies
    10/31/2017 | Brian Griffin
    I propose to replace the present ad valorum real property taxation system, which: a. is racially discriminatory b. leads to significant school funding discrepancies c. encourages governments to drive housing prices out of reach d. causes high value housing owners not to want lower-priced housing in their communities. Financially, it would mainly impact California, Connecticut, New Jersey and New York. Each building would be taxed after December 31, 2020 as follows: $L for each studio and each one-bedroom apartment $2L for each two-bedroom apartment $3L for each three-bedroom or larger apartment $3L for an attached/detached house or maisonette plus $L/1000...
  • Cutting SALT From the Federal Tax Diet

    10/19/2017 10:24:31 AM PDT · by SeekAndFind · 7 replies
    Townhall ^ | 10/19/2017 | Veronique De Rugby
    In the quest for a better tax code, it shouldn't be difficult to agree that a tax deduction that mostly benefits rich people and subsidizes high-tax state and local governments must go. That's what the state and local tax, or SALT, deduction does, and it was rightly slated for termination in the tax reform framework by the "Big Six," to the displeasure of some in Congress. Resistance from these lawmakers, however, is misplaced, because a repeal of SALT -- alongside other reforms in the plan -- would most likely leave the vast majority of taxpayers better off and our tax...
  • Republican call to strip property tax deduction spurs outcry from blue states

    09/28/2017 12:54:19 PM PDT · by alancarp · 71 replies
    FOX News ^ | 9/28/2017 | Brooke Singman
    Homeowners in tax-happy blue states could find a bitter pill inside the new Republican tax plan, which would kill their ability to write off the property taxes that can cost even middle class families more than $10,000 per year. The plan rolled out Tuesday would keep in place deductions for mortgage interest and charitable donations. But, in a move to help offset other major cuts in the plan, many other itemized deductions would be scrapped. ... New York Democratic Gov. Andrew Cuomo slammed the proposal, saying the loss of the deduction could cost New Yorkers more than $17 billion. “It...
  • Second home buyers in Healdsburg could be subject to an additional property tax

    08/27/2017 5:29:27 PM PDT · by rey · 46 replies
    Press Democrat ^ | 27 Aug 2017
    Recently elected Healdsburg City Councilwoman Leah Gold says she has no gripes with people who want to have a second home in her desirable town in the heart of Wine Country. But she also believes they should pay more for the privilege. It’s the empty homes held for investment or occasional use that Gold is targeting because she says they diminish housing stock, drive up real estate prices and alter the face of the community. She said it could take the form of an annual 1 percent tax on the assessed value of a home if it is neither someone’s...
  • New property tax approved for New Orleans firefighter back pay

    12/11/2016 12:44:18 PM PST · by BBell · 10 replies
    NOLA.com | The Times-Picayune ^ | 12/11/16 | Greg LaRose, NOLA.com | The Times-Picayune
    New Orleans voters have endorsed Mayor Mitch Landrieu's plan to satisfy decades of owed back pay to city firefighters, many long retired. They approved a new property tax Saturday (Dec. 10) that will generate nearly $9 million annually for the next 12 years to satisfy a $75 million settlement in a long-standing lawsuit between the city and firefighters. The 2.5-mill tax adds $87.50 to the tax bill of a home valued at $350,000, plus $25 for each additional $100,000 in value. For commercial properties owners, another $35 per $100,000 in value will be collected. The city has already made a...
  • Homeowners in France hit by jump in property taxes

    10/13/2016 10:20:32 PM PDT · by Olog-hai · 3 replies
    TheLocal.fr ^ | 13 Oct 2016 16:38 GMT+02:00
    Property taxes, known as “taxes foncičres” in France, have rocketed over the last few years, a new report found. Between 2010 and 2015 property taxes in France, known as “taxes foncičres”, shot up by an average of 14.70 percent. Some areas were particularly hard hit, including Clermont Ferrand in central France with a rise of 20.29 percent and Lille in the north which saw a 19 percent increase. …
  • COOK COUNTY PROPERTY TAX BILLS CAUSE OUTRAGE [Pensions]

    07/27/2016 6:41:35 AM PDT · by C19fan · 50 replies
    ABC 7 News Chicago ^ | July 5, 2016 | Charles Thomas
    Cook County taxpayers are outraged after property tax bills showed up in the mail. The bills are skyrocketing this year. The city of Chicago and its public school district's fiscal problems literally hit home over the weekend, when property owners saw their second installment tax bills. Outside the assessor's office, city homeowners told one property tax horror story after another.
  • Average Chicago property tax bill up nearly 13 percent

    06/14/2016 2:15:58 PM PDT · by george76 · 26 replies
    Chicago Tribune ^ | 6/14/2016 | Hal Dardick
    Chicago homeowners should brace themselves for sticker shock when they open their mailbox at the end of the month: property tax bills on average 13 percent higher than last year. The big increase is mostly being driven by the record tax increase Mayor Rahm Emanuel engineered last fall to fix city pension funds for police officers and firefighters. Cook County Clerk David Orr released tax rate figures Monday, revealing the practical effects of City Hall's painful decision. The owner of a single-family home with the current average sale price of about $225,000 can expect to see a property tax bill...
  • Property taxes are immoral (semi vanity), really just a good video that NEEDS to be watched.

    02/24/2016 7:17:42 PM PST · by JSDude1 · 26 replies
    Youtube ^ | October 2, 2013 | Rep. Rick Saccone (Pennsylvania)
    Rep. Rick Saccone stands on the House floor to urge for support of an amendment to a property tax bill that contains the language of HB 76, the Property Tax Independence Act.
  • Coloradans get a little relief on local taxes

    01/20/2016 5:17:48 PM PST · by george76 · 1 replies
    Denver Business Journal ^ | Jan 20, 2016 | Mark Harden
    Coloradans on average paid 8.9 percent of their incomes in state and local taxes in fiscal year 2012, down a bit from the 9 percent rate in the previous year... The Colorado rate was well below the national local-tax burden of 9.8 percent.. Colorado ranked 35th among the states for collective state and local tax burden, with No. 1 -- New York, at 12.7 percent -- having the highest state and local tax burden and No. 50 -- Alaska, at 6.5 percent -- the lowest. ... Taxes covered by the report include state and local income tax, property tax and...
  • The Vicious Circle of the Leviathan State

    09/27/2015 5:45:30 AM PDT · by jfd1776 · 7 replies
    Illinois Review ^ | September 26, 2015 A.D. | John F. Di Leo
    By John F. Di Leo - Reflections on the latest tax hike request from the City of Chicago... Chicago Mayor Rahm Emanuel has asked for a massive tax increase. No surprise there. Massive tax increases have been the stock-in-trade of the Democratic Party for a century, so it barely merits comment nowadays. It’s what you expect when you elect Democrats (the sad thing is that you expect an equal level of opposition to taxes when you elect Republicans, but contrary to the laws of physics, such an equal and opposite reaction rarely appears). The oddity of this new one –...
  • Is Emanuel building a loophole into his gigantic tax hike? ( Chicago )

    09/04/2015 2:00:31 PM PDT · by george76 · 8 replies
    Crain's Chicago Business ^ | September 04, 2015 | GREG HINZ
    Is Mayor Rahm Emanuel preparing to exempt some homeowners from his big new property tax? A series of fascinating signals is emanating from City Hall that suggest, to ease passage of his $500 million plan through the City Council, the mayor indeed is preparing a plan—being dubbed internally the "bungalow belt exemption"—to give a break to owners of middle-income residences. No figures are available as to exactly who would be covered. The Emanuel administration is in high message-control mode since word of the pending tax hike leaked out earlier in the week, with the mayor apparently trying to float ideas...
  • How much could Chicago pension payments jack up your property tax bill? Try 30 percent

    07/05/2015 6:49:36 AM PDT · by george76 · 21 replies
    Crain's Chicago Business ^ | July 04, 2015 | Thomas A. Corfman
    Even as Mayor Rahm Emanuel warns about a property tax hike of up to $250 million for the cash-strapped Chicago Public Schools, another big wave of increases likely is coming to rescue the pensions of police officers and firefighters. A massive payment due to those retirement plans next year could drive up Chicago property taxes by more than 30 percent, according to a Crain's analysis. And if the current logjam in Springfield continues, it could be a lot worse. Taxes on a $250,000 home would jump $224, assuming the city continues its current practice of using property taxes to fund...
  • THE WATCHDOGS: Generous pension benefits only one part of state, city financial crisis ( Chicago )

    05/18/2015 7:03:55 AM PDT · by george76 · 13 replies
    Chicago Sun-Times ^ | 05/17/2015 | Chris Fusco, Dan Mihalopoulos and Patrick Rehkamp
    One of every four retired workers from the state of Illinois, the city of Chicago and the Chicago Public Schools is getting a pension of more than $60,000 a year. That’s 80,365 people in all. For 13,240 of them, those checks provide a yearly income of $100,000 or more, a Chicago Sun-Times/Better Government Association analysis of pension records has found. An additional 20,004 have pension incomes totaling between $80,000 and $100,000 a year. ... the root of the problem is that government officials kept promising lifetime benefits to workers — and, in many cases, to their surviving spouses should they...
  • VOTE AGAINST HIGHER TAXES MAY 12TH (Pulaski County, Arkansas)

    04/14/2015 10:39:23 AM PDT · by pulaskibush · 9 replies
    VOTE AGAINST HIGHER TAXES MAY 12TH The millage tax increase scheduled on May 12th of 5.6 mills would make the average overall millage rate in the Pulaski County Special School District from 40.7 to 46.3 mills. Arkansas already has a 6.5% sales tax, 40.2 cents a gallon tax on gas, a capital gains tax, & a high income tax. Arkansas is one of the highest taxes states in a nation that is over $18 trillion in debt! Yet the AR Education Commissioner Tony Wood, who approved this millage tax, still made over $231,000 in 2014. This $12 million a year...
  • Who Has the Magic Plan to Stop the New Jersey Exodus?

    11/29/2014 10:16:01 AM PST · by SeekAndFind · 61 replies
    Pajamas Media ^ | 11/29/2014 | ROD KACKLEY
    New Jersey’s openly gay state assemblyman, who was called “numbnuts” [1] in 2012 by Gov. Chris Christie (R), thinks he can do what Christie has never been able to do, numb or not: get New Jerseyans to stay in New Jersey.Assemblyman Reed Gusciora’s (D) solution is astoundingly simple. He wants to offer state home and business owners the opportunity to slash their property taxes by 25 percent.The New Jersey Legislature would then be tasked with figuring out how to make up the difference through budget cuts.The best Christie has been able to offer is a cap on future property...
  • Performance pay tax increase paid to nearly all Denver teachers

    09/22/2014 6:29:49 PM PDT · by george76 · 10 replies
    Watchdog ^ | September 17, 2014 | Arthur Kane
    Nearly a decade ago, voters approved a $25 million annual property tax increase for Denver Public Schools to fund performance and retention pay for teachers who help students learn. But now, 90 percent of eligible DPS teachers are receiving the additional compensation, according to a database obtained by Watchdog.org under state open records laws. And that’s in a district where this year 22 percent of teachers were deemed as not achieving the “effective” teaching standard, DPS data shows. Critics say the ProComp tax increase was always about collecting more tax revenue for the district than rewarding teachers who truly help...
  • Property Tax Corruption: “Taxation without Representation” in contemporary American government

    08/21/2014 4:54:59 AM PDT · by SeekAndFind · 7 replies
    American Thinker ^ | 08/21/2014 | Michael Bargo, Jr.
    If anything approaches “taxation without representation” in contemporary American government, it is property taxation.  This is because as a practical matter voters – as property owners – have no say in the amount of property taxation they endure.Harold Lasswell, a prominent U. of Chicago political science professor, once said that the country is made up of two groups: the political elites and the masses.  The exploitation of the masses is now being achieved through property taxation. Since political elites have, in most counties, complete control over issues of assessments and property taxes, they have the opportunity to exploit this power...
  • Tax return: WI Senate passes $100 million property tax cut

    10/16/2013 7:12:01 AM PDT · by afraidfortherepublic · 18 replies
    The Wisconsin Reporter ^ | 10-16-13 | Ryan Ekvall
    MADISON – After more than an hour of political ping pong Tuesday, with the taxpayer playing the familiar role of ball, most Senate Democrats agreed with Republicans that a $100 million property tax cut was too good a deal to pass up. Or, perhaps, political suicide to turn it down. Last week, Democrats gave Gov. Scott Walker and legislative Republicans an earful after Walker called a special session to pass a $100 million property tax cut last week. Mike Tate, chairman of the Democratic Party of Wisconsin, called the tax cut a “gimmick.” Sen. President Mike Ellis, R-Neenah, excoriated senate...