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Keyword: propertytax

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  • 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...
  • Think you will own your house someday? Think again. How to check your chain of title + Video Video

    05/17/2014 6:55:58 AM PDT · by Opinionatedtoday · 49 replies
    marinkapeschmann.com ^ | Marinka Peschmann
    Imagine pulling up to your driveway with your kids laughing in the backseat, having come home from a baseball game, to see a foreclosure notice tacked on your front door. Maybe all of your belongings have been tossed out onto the street. You are in shock. It doesn’t make sense. There must be a mistake. Why is the bank taking your house? Your home was your security, your retirement. It was the American dream. You had played by the rules. It’s where your children have been growing up. Now, incredibly, suddenly, without warning, your entire world has been ripped apart,...
  • 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...
  • State Tax Chief Encourages Inspectors To Enter Homes; Refusal Could Lead To Higher Assessment

    10/14/2013 10:19:10 AM PDT · by MichCapCon · 37 replies
    Capitol Confidential ^ | 10/12/2013 | Anne Schieber
    When someone comes to your door, you can let them in — or not. But keeping out a representative from the Michigan Tax Commission could be costly. At least that's what some residents in Davison Township are finding. When the local tax assessor showed up at homeowner John McLaughlin's house in the Genesee County community he said he wasn't going to let them in. So what happened after he declined the appointment: "My taxes went up," he said. The executive director of the Michigan Tax Commission said local tax assessors are supposed to be getting inside all homes to see...
  • Property tax burden up 13 percent under Christie, AP analysis shows

    09/23/2013 5:57:18 PM PDT · by Olog-hai · 7 replies
    AP via NJ.com ^ | September 23, 2013 at 7:50 AM
    The net household property tax burden in New Jersey rose 13 percent during Gov. Chris Christie’s first three years in office—a number that reflects both his success in reining in local government spending and his inability to restore a relief program that was gutted by his predecessor during the Great Recession, an Associated Press analysis of tax data has found. The growth is only slightly lower than it was in the last three years of Democrat Jon Corzine’s time as governor, when the net tax bill went up 15 percent. But it reflects a different approach: Christie, a Republican, has...
  • Ohio cancels property tax rollback

    08/02/2013 1:58:49 PM PDT · by Pontiac · 20 replies
    Toledo Blade ^ | August 02, 2013 | JIM PROVANCE
    After a tradition of some 40 years of subsidizing local taxes, Gov. John Kasich and Republicans in the Ohio House and Senate applied the brakes. Local governments and schools heading for the ballot in November to ask voters to support new or replacement levies will have to tell them that the price tags attached will be higher than they were previously told. The taxpayer will pay the entire tab for any new taxes approved.snipUnder the rollback program, the state pays the first 10 percent of the tax bill for all property owners plus 2.5 percent for owner-occupied homes. The state...
  • Vanity, lets do a brainstorm: How do we END property taxes (permanently)?

    07/30/2013 12:00:05 PM PDT · by JSDude1 · 58 replies
    JSDude1 | 7/30/2013 | Myself
    Ok people here's the problem: Property taxes I am sure you agree are un-American! Why should we ~rent~ our own property from the various government entities rather than owning it outright, for all of time for our personal use/posterity!? So here's the question: what do we need to do to END PROPERTY TAXES? (I know we are a smart bunch, much smarter than the left-so we CAN get this done, somehow..).
  • If You Live In New York And You Rent, You're Paying A Huge Tax You Don't Even Know About

    07/01/2013 9:17:03 AM PDT · by SeekAndFind · 21 replies
    Business Insider ^ | 07/01/2013 | Josh Barro
    If you live in New York City, you probably know that your income taxes are high. A combined city and state tax rate of 10.4% kicks in at just $22,000 of taxable income for a single person. You probably don't know that New York City has some of the country's highest taxes on apartment buildings—and if you're not subject to rent control, much of that cost is flowing through to you as a renter. Not all property taxes are high here: New York actually has very low taxes on owner-occupied homes. Our property tax system is a perverse cross-subsidy from...
  • Half of Detroit Properties Have Not Paid Taxes; Update on Detroit Bankruptcy

    02/25/2013 9:58:38 AM PST · by SeekAndFind · 13 replies
    Townhall ^ | 02/25/2013 | Michael Shedlock
    The hollowing out of Detroit is nearly complete. All that's left is a bankrupt shell of a city with no services and scattered citizens that do not pay taxes. The Detroit News reports Half of Detroit Property Owners Don't Pay Taxes Nearly half of the owners of Detroit's 305,000 properties failed to pay their tax bills last year, exacerbating a punishing cycle of declining revenues and diminished services for a city in a financial crisis, according to a Detroit News analysis of government records. The News reviewed more than 200,000 pages of tax documents and found that 47 percent of...
  • Texas: Jerry Patterson Supports Statewide Property Tax

    02/14/2013 1:41:38 PM PST · by Sic Parvis Magna · 72 replies
    Texas Tribune ^ | February 14, 2013 | Elena Schneide
    Land Commissioner Jerry Patterson, a declared candidate for the 2014 lieutenant governor's race, did not rule out supporting a statewide property tax to benefit public education funding, and he said that Lt. Gov. David Dewhurst has lost his "ability to sell" the issues. Patterson, who made his comments Thursday during a TribLive conversation, said a statewide property tax, rather than local property taxes, “might be the answer” to the financing inequities in different counties. Such a move would require that a constitutional prohibition against that tax to be repealed.
  • DO 57 PERCENT REALLY WANT HIGHER CA PROPERTY TAXES?

    02/02/2013 8:15:06 AM PST · by WayneLusvardi · 8 replies
    Calwatchdog.com ^ | January 1, 2013 | Wayne Lusvardi
    A new public opinion poll reported 57 percent of all California “adults” would favor lowering the majority threshold required to pass “local school parcel taxes.” But only property owners — not all “adult” residents — can vote for a parcel tax in California. Thus, the findings of the Public Policy Institute of California poll are slanted in favor of making school parcel taxes easier to pass and are misleading. #### In sum, the PPIC polls is biased in favor of lowering the voting threshold for a vaguely described parcel tax for “local schools” due to the cumulative effect of the...
  • The Coming Great California Pension Property Tax Earthquake

    08/17/2012 6:33:00 AM PDT · by WayneLusvardi · 7 replies
    Calwatchdog.com ^ | August 16, 2012 | Wayne Lusvardi
    The most widespread and persistent folktale about California is that some day the entire state will break away from the North American continent and fall off into the vastness of the Pacific Ocean. That day may not be too far off if what is unfolding in the growing number of municipal bankruptcy court cases in California plays out to its logical consequence without massive and politically legitimate pension reform. As reported by urban economist Steven Malanga, municipal bond insurers may lose out in courts in their attempt to get bankrupt California cities to reduce pension costs. This may lead to...
  • Property tax first-quarter revenue down, seen sliding more

    07/16/2012 5:53:49 PM PDT · by markomalley · 10 replies
    Reuters ^ | 7/16/2012
    Local property tax revenue fell 0.9 percent in the first quarter of 2012 versus a year ago and likely will keep sliding in the coming quarters, a report said on Monday. Local property tax revenue, often the most important source of income for local governments, had firmed during the previous two quarters, the Albany, N.Y.-based Rockefeller Institute said. It noted that it can take at least three years to factor in a downturn in housing prices. The fall in property tax revenue is much sharper with inflation taken into account. It was down 2.8 percent in the first quarter of...
  • Just wondering

    12/29/2011 11:53:25 AM PST · by Cowman · 21 replies
    Shameless vanity | 29dec2011 | self
    I was just wondering if there has ever been a successful challenge to the concept of property tax? It seems to me that requiring someone to pay an annual rent on a bit of land that happens to be in the bounderies of a particular town is a direct challenge to the very idea of ownership itself. If you have paid for, have title to, maintain, insure, and are responsible for liability issues from that land then you should own it outright and not be required to pay that rent. The annual fee essentially says that you do not own...
  • Due To Austerity, The Italian Catholic Church May Have To Begin Paying Property Tax

    12/10/2011 6:25:48 PM PST · by SeekAndFind · 8 replies
    Business Insider ^ | 12/10/2011
    ROME (AP) — Italy's Catholic Church has shifted gears and shown a willingness to revisit its tax-exempt status amid renewed criticism that much of its vast real estate holdings isn't subject to local property taxes. The criticism has grown recently following Premier Mario Monti's proposal to restore a property tax on first and second homes as part of his sweeping austerity measures to help reign in Italy's massive debt. With ordinary Italians being asked to make sacrifices, the church is coming under fire to do its part and give up what some consider an unfair privilege. Critics, most prominently Italy's...
  • Time to fight to abolish unfair property taxes

    10/09/2011 11:37:54 AM PDT · by Borges · 34 replies
    Chicago Sun Times ^ | 10/9/11 | Phil Kadner
    Property taxes are unfair. Taxpayers don’t understand their bills. And that’s not likely to change. It is amazing to me, in this era of Tea Party rebellions, that no organized campaign has been launched to abolish property taxes in Illinois. The idea would certainly be popular with voters. Last week, thousands could be found standing in lines at the assessor’s offices in Cook County as second installment tax bills arrived in the mail. Most were seniors wondering how they had lost their senior citizen exemption, a property tax break that can be worth hundreds of dollars. Others just couldn’t understand...
  • Franklin Twp. charges $475 to ride bus

    07/26/2011 5:45:39 AM PDT · by madmomma · 45 replies
    WISH-TV News ^ | July 26, 2011 | Lauren Lowrey
    INDIANAPOLIS (WISH) - $475 is what it’ll cost to have one child ride the bus – for a year – in Franklin Township. The school district no longer offers bus transportation, and they’ve leased their busses and transportation center, too. “We’ve sold those buses to CIESC with two provisions,” says Franklin Township Superintendent Walter Bourke. “The first provision is they can only transfer Franklin Township students. The second provision is that if we want the buses back, we can buy them back for what we sold them for — which was $1.”
  • NJ's 'fake farmers' — like Jon Bon Jovi — dodging millions in taxes

    06/10/2011 3:58:19 PM PDT · by Halfmanhalfamazing · 40 replies
    AP via Trentonian ^ | December 2010 | AP
    NEPTUNE, N.J. (AP) — Spotty enforcement and an outdated state law allow thousands of landowners to pay pennies on the dollar in property taxes. The Farmland Assessment Act of 1964, intended to preserve agriculture in New Jersey, is being used by millionaires, developers and anyone with at least five acres to slash their farmland tax bills by 98 percent. An Asbury Park Press investigation into farmland assessment records found that landowners deemed "fake farmers" by those calling for reform are producing little more than the bare minimum — $500 — in goods to qualify for the tax breaks. One landowner...
  • Calif. tax climate 2nd worst in U.S. ( NY is number One )

    10/30/2010 11:10:41 AM PDT · by george76 · 18 replies
    Orange County Register ^ | October 29th, 2010 | Jan Norman
    California’s business tax climate is second worst in the nation, better only than New York’s, according to a new report from the Tax Foundation. New Jersey managed to move up two spots on the list after four straight years as the nation’s worst business tax climate... The index is based on the premise that taxes matter to business and states don’t raise or lower taxes in a vacuum. “The modern market is characterized by mobile capital and labor. Therefore, companies will locate where they have the greatest competitive advantage...
  • Five Truths that Republicans Hate

    07/05/2010 3:53:54 PM PDT · by Tolerance Sucks Rocks · 83 replies · 1+ views
    American Vision ^ | July 2, 2010 | Joel McDurmon
    On Wednesday Gary posted the list “Five Truths that Liberals Hate,” and it proved one of the most popular posts we’ve had in a while. While in total agreement with those ideals, and actually probably the most conservative guy at American Vision, I thought a little Tabasco for the Right was in order as well. So let’s hear it: five truths Republicans hate. 1. Most Republicans are as socialist as the Left. While not as socially liberal as the left—not advocating equality, gay rights, feminism, etc., etc.—Republicans have proven every bit as fiscally liberal with the exception of the last...
  • Need help with an investment / real estate issue

    06/28/2010 7:07:58 AM PDT · by Gordon Pym · 43 replies
    Self | 6-28-2010 | Self
    After a very long search I have been offered a job in southern CT. I'm nowin the process of finding a place to live down there but I am arguing with members of my family about the merits of buying a large house from a distressed buyer at a discount price (more than we need but they argue "a good investment") or a smaller house for very short money perhaps even for cash to reduce housing cost as much as possible. The argument seems to come down to the following: a large house will sell for more than a small...
  • California ponders changes in constitution (Liberals want to perform surgery on the CA constitution)

    04/24/2009 8:07:56 AM PDT · by Maelstorm · 32 replies · 995+ views
    http://www.breitbart.com ^ | By BETH FOUHY | Apr 23 07:22
    SAN CARLOS, Calif. (AP) - Fed up with the budget crises and partisan battles that have paralyzed California for years, some influential voices believe it's time to tear open the state constitution and start anew. Once dismissed as a hokey gimmick, support for a proposed constitutional convention has been building in the nation's most populous state. Even Gov. Arnold Schwarzenegger, a Republican, has indicated he would back an effort to retool the document to make state government function more smoothly. Opponents of the step say it's just a ruse to raise taxes and could expose the constitution to a host...
  • As Home Values Fall, Property Tax Revolt Brews

    04/05/2009 5:50:58 AM PDT · by Zakeet · 43 replies · 2,477+ views
    ABC News ^ | April 5, 2009 | Patrik Jonsonn
    In many cities across the US, homeowners are filing record numbers of assessment appeals, wanting their property taxes to reflect their shrinking value of their houses. Homeowners watching the value of their houses slowly ebb are storming tax offices from Ann Arbor, Mich., to Atlanta, demanding that county officials reassess their homes and lower their property taxes. It is a question of fairness, says Gene Burleson of Atlanta, who stood in line April 1 to appeal his assessment. His house has lost 25 percent of its value since it was last assessed, he adds: "I'm just trying to insulate myself...
  • Jim Tedisco For Congress

    03/28/2009 5:28:43 PM PDT · by Sun · 10 replies · 533+ views
    huckpac.com ^ | March 03, 2009 | Team Huck PACS
    Huck PAC is pleased to endorse Jim Tedisco, New York Assembly Minority Leader for the 20th District Congressional Seat in New York. Jim is an outspoken conservative who has a record of standing up and fighting for the interests and values of the voters. Jim has led the fight in the New York Assembly for tax relief, a real property tax cap, a stronger economy, more jobs and a better quality of life. Jim Tedisco is a pro life candidate who has spoken out for the values he shares with his constituents and for the middle class families of New...
  • Governor Corzine to middle class: Drop Dead [NJ property tax]

    03/11/2009 8:05:22 PM PDT · by NewJerseyJoe · 30 replies · 1,341+ views
    Star-Ledger ^ | 3/11/09 | Paul Mulshine
    I've been reporting from the Statehouse for 33 years now and I've heard some nutty stuff. But this has to qualify as the nuttiest line I've ever heard: "To help pay for the rebates, we have proposed eliminating the property tax deduction next year for everyone but seniors." Gov. Jon Corzine said it Tuesday during his budget speech. I still can't believe I heard it. Back in 1976, when I first started reporting on the antics in Trenton, the affable and smooth-talking Brendan Byrne sold the state on adopting an income tax by arguing that it would produce revenue for...
  • Proposals for state budget, targeting the middle class, take many by surprise (NJ no prop tax deduct

    03/11/2009 4:21:35 PM PDT · by NewJerseyJoe · 20 replies · 909+ views
    Star-Ledger ^ | 3/11/09 | Claire Heininger and John Reitmeyer
    The state budget that Gov. Jon Corzine unveiled yesterday calls for the elimination of property tax deductions on state income taxes next year, raising about $420 million to help offset spending. For middle-class New Jerseyans, however, the missing deduction could pack an extra punch: They also would lose their property tax rebates under the governor's proposal for the fiscal year beginning July 1. The $29.8 billion proposal represents "tough choices to do the right thing," Corzine told a joint session of the Legislature. As he promised to protect children, the elderly and the working poor, the governor asked others to...
  • Orange County tries to soothe tax revolt

    03/08/2009 5:20:14 PM PDT · by Jim Robinson · 10 replies · 1,246+ views
    thetimesnews.com ^ | March 8, 2009 | McClatchy News Service
    The people spoke, and the county commissioners listened. Two days after hundreds of taxpayers swarmed on them to protest the recent countywide property revaluation, the commissioners gave staff some homework. At a meeting Thursday, Barry Jacobs and Bernadette Pelissier asked for information about how many properties' values had risen above the 22 percent average. Mike Nelson asked for a comparison of revaluation numbers and recent sales figures. The average home sold for about $290,000 in January, according to the Triangle Multiple Listing Service, about the same as the average assessment. But some local real-estate agents say the scarcity of actual...
  • CA: Property tax revenue plummets with home values ('Prop. 13 is evil' piece)

    01/25/2009 10:59:35 AM PST · by NormsRevenge · 54 replies · 1,658+ views
    SFGate.com ^ | 1/25/09 | Carolyn Said
    California could pay the price for the foreclosure crisis for years to come, thanks to Proposition 13, the 1978 voter initiative that caps property taxes. As banks feverishly dump foreclosed homes at cut-rate prices, and as neighboring homes change hands at similar bargain-basement rates, those amounts are enshrined as the new basis for determining property tax until the homes are sold again. Under Prop. 13, that basis can rise a maximum of just 2 percent a year, even if the home is worth significantly more. The consequence is likely to be a revenue crunch for the public services funded by...
  • As Property Values Plunge, Tax Bills Might Not Follow

    12/26/2008 2:43:08 AM PST · by TigerLikesRooster · 49 replies · 1,799+ views
    WP ^ | 12/26/08 | Ashley Halsey III
    As Property Values Plunge, Tax Bills Might Not Follow By Ashley Halsey III Washington Post Staff Writer Friday, December 26, 2008; B01 Homeowners whose property values have plummeted as much as 40 percent are unlikely to see a corresponding drop in their real estate taxes next year, and some might face a tax increase as the counties surrounding the District struggle with huge budget shortfalls. Nearly every county in the region is deep in red ink, with some of the most populous jurisdictions looking at overwhelming budget gaps: Fairfax County faces a $650 million shortfall; Montgomery County, $450 million; and...
  • CA: Property tax revenue might be next domino

    11/26/2008 10:00:54 AM PST · by NormsRevenge · 11 replies · 914+ views
    Sac Bee ^ | 11/26/08 | Daniel Weintraub
    California's financial free fall is likely to get much worse before it gets better, spreading from the statehouse to every other level of government, including schools, cities, counties and the special districts that fight fires, maintain parks and levees and run libraries. Gov. Arnold Schwarzenegger and state lawmakers are already grappling with an expected drop in revenue from taxes on personal income, sales and corporate profits. Since they adopted the budget in September, the state's revenue estimate for the current year has dropped by $11 billion, or about 10 percent, with no prospect for a recovery in sight. But that...
  • CA: Property tax funds rise as housing market falls (Evil Prop. 13 saves local gubamint bacon)

    07/09/2008 3:24:26 PM PDT · by NormsRevenge · 4 replies · 677+ views
    LA Times ^ | 7/9/08 | Cara Mia DiMassa
    For decades, Proposition 13 has been cast as the bane of cash-strapped local government, limiting property tax revenues even as California's housing market soared. But this week, as county assessors reported rising tax bases despite the housing slump, they credited the 30-year-old law -- revealing its unexpected role as an economic stabilizer. Counties across Southern California reported that their overall tax bases grew compared with last year's. The corresponding revenue increase occurred despite falling home prices and even though assessors have reduced the property values on nearly 600,000 homes in five Southland counties in the last few months because of...
  • Suit seeks removal of property tax caps [Tax relief is racist]

    05/29/2008 5:05:16 PM PDT · by SSS Two · 10 replies · 161+ views
    Mobile (Ala.) Press Register ^ | Monday, May 26, 2008 | BRIAN LYMAN
    MONTGOMERY — In a case that could have far-reaching consequences for Alabama's education and tax system, parents in two Black Belt counties have sued the state in federal court, claiming caps on property taxes are a form of racial discrimination that prevents their children from receiving an adequate education. The plaintiffs in Lynch v. Alabama want the court to suspend the property tax caps in the 1901 constitution and related amendments as violations of the 1964 federal Civil Rights Act. If they win, the governor and Legislature could be forced to draft amendments lifting caps on both millage and assessments....
  • Somebody's home (DC)

    04/24/2008 11:21:07 AM PDT · by JZelle · 30 replies · 54+ views
    The Washington Times ^ | 4-24-08 | Gary Emerling
    Jenifer Simpson has lived in Northwest for more than two decades and never thought that her house off Adams Street — with its lace curtains and wreath on the door — looked empty and abandoned. But Mrs. Simpson learned this month that city officials had classified the home as vacant. The result? A $13,000 property tax bill — roughly $11,000 more than the amount she normally pays. "It's kind of insulting to receive a bill for a vacant property in a house you've lived in for 22 years and paid the tax diligently and assiduously," Mrs. Simpson said. "Did they...
  • Florida Property Tax Amendment argument

    01/08/2008 4:46:54 PM PST · by NonValueAdded · 37 replies · 635+ views
    FreeRepublic ^ | January 8, 2008 | NonValueAdded and a host of others
    Here is thread so far: Jacquerie 01/08/2008 6:55:22 PM EST This morning I asked a simple question regarding the morality of taxing long time residents at a much lower rate than newlyweds. A few replies were thoughtful (thank you), most were laced with schoolyard quality insults (straps) accusing me of being a liberal, of wanting to raise taxes on the elderly, etc. No one could justly rationalize the differential in tax rates. A recent Wall St Journal article noted the statewide decline in school enrollments because families were leaving due in large part to high RE taxes. Our once friendly...
  • Representative King Calls for Constitutional AmendmentTo Abolish School Property Tax

    12/10/2007 11:50:41 AM PST · by lqcincinnatus · 52 replies · 102+ views
    Phil King Campaign ^ | December 6, 2007 | Representative Phil King
    Points to sales tax as reliable, long-term solution to fully fund public education
  • State property tax middle of pack

    12/07/2007 1:50:02 PM PST · by george76 · 2 replies · 167+ views
    The Billings Gazette ^ | December 07, 2007 | MIKE DENNISON
    Montana still relies more heavily than do other states on property taxes for revenue, but the actual tax levels are not abnormally high... Doug Young, professor of economics at MSU-Bozeman, also told a meeting of Montana business and political officials that residential and commercial real estate is shouldering a greater share of the property tax burden in the state. Young spoke in Helena at the annual meeting of the Montana Taxpayers Association, a group that primarily represents business taxpayers. Property taxes account for 37 percent of tax revenue in Montana, while the national average for states is 31 percent... Income,...
  • What happened to the tax cut? (Texas property taxes)

    10/22/2007 8:57:56 AM PDT · by Cat loving Texan · 19 replies · 674+ views
    Austin American Statesman ^ | 10/22/07 | Jason Embry , Marty Toohey
    Much-touted rate cut has not lowered school taxes bill as much as was hoped. By Jason Embry , Marty Toohey AMERICAN-STATESMAN STAFF Monday, October 22, 2007 In many Central Texas school districts, the tax bill due on an average-value home has decreased 15 percent or less over the past two years. That drop may seem paltry to home-owners who remember that state lawmakers reduced tax rates for school operations 33 percent not too long ago. A variety of factors have blunted the much-ballyhooed rate cut, including rising home values, voter-approved debt to build schools and school boards' decisions to inch...
  • Mayor Bart Peterson ducks out of taxpayer forum

    10/01/2007 6:01:56 AM PDT · by Sir Hailstone · 5 replies · 89+ views
    YouTube ^ | 9/30/2007 | Sir Hailstone
    Indianapolis Mayor Bart Peterson made an appearance at a Property Tax forum at Light of the World Christian Church. The Mayor excused himself to attend a previous engagement - a "interfaith dialogue forum" booked several months earlier. Doesn't it sound weird he would attend an "interfaith dialogue" considering most interfaith activities in Indianapolis are held at THAT VERY SAME CHURCH?!?!? Look at the YouTube video and find out where Mayor Brat REALLY needed to go....
  • New Jerseyans Frustrated by Property Tax Rebate Applications

    07/30/2007 8:56:35 AM PDT · by Calpernia · 7 replies · 245+ views
    1010wins ^ | Monday, 30 July 2007
    TRENTON, N.J. -- Gov. Jon S. Corzine dubbed the state's new property tax relief program a step toward easing the burden of America's highest property taxes, but applying to get that help is proving a burden to beleaguered Garden State homeowners. "I found it a bit difficult and time consuming,'' said Alice Tulecki of Brick, who is among those who struggled to complete the recently mailed property tax relief application sent by the state to homeowners. Under the new program approved by Corzine and pushed by legislative Democrats, most homeowners will get a check this fall equal to 20 percent...