Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $75,112
Woo hoo!! And now over 85%!! Less than $12.9k to go!! Thank you all very much!!

Keyword: propertytaxes

Brevity: Headers | « Text »
  • Illinois homeowners pay the second-highest property taxes in the U.S.

    10/18/2015 4:11:59 PM PDT · by george76 · 58 replies
    Illinois Policy ^ | August 19, 2015 | Michael Lucci
    Illinois property taxes are now so high that they are equivalent to a second mortgage, according to a new study from the nonpartisan Tax Foundation, a Washington-based tax-research and -education center. The report, which shows the effective property-tax rates in each state, ranks Illinois as the second-highest property-tax state in the U.S. The top spot goes to New Jersey, where the effective property-tax rate is 2.38 percent, barely higher than Illinois’ 2.32 percent. ... An effective property-tax rate of 2.32 percent means that if a typical Illinois homebuyer purchases a home at age 30 and lives there until the age...
  • CORRECTED-Chicago businesses brace for potential doubling of property taxes

    10/02/2015 11:10:51 PM PDT · by george76 · 18 replies
    Reuters ^ | Oct 2, 2015 | Dave McKinney
    Chicago Mayor Rahm Emanuel has disclosed that his record property tax hike plan entails significant cuts for nearly 300,000 homeowners, leaving Chicago businesses predicting they will face hikes of up to 50 percent. The second-term mayor last week proposed a $544 million property tax increase, the city's biggest ever, to help fix one of the worst-funded city pension systems in America ... Emanuel's office, which has said one in four dollars of the tax hike would come from the city's central business district, did not contest the 50-percent figure. But a mayoral aide insisted Emanuel's plan is his best effort...
  • 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...
  • Protesting property tax appraisal in Texas

    05/15/2015 6:49:23 PM PDT · by WildHighlander57 · 59 replies
    Myself | WildHighlander57
    Need info on how to successfully protest property tax increase. I saw the article in the Dallas morning news last week about it; mentioned taking pictures and getting estimates of house fixups. I had thought of doing that, and saying “in order to get x dollars that you say my house is worth, I have to spend y dollars, and since I haven’t, then it won’t sell for x dollars, so take the y dollars off the value you pegged it at”. I have owned the house in town since 2012 and so far, haven’t seen any of the questions...
  • How's this for a surprise: City seized his lot and sold it (Eminent Domain in New Jersey)

    07/11/2005 3:01:42 PM PDT · by lowbridge · 66 replies · 2,674+ views ^ | 7/11/05 | STEVE CHAMBERS
    One day in January, Charlie Shennett, a 60-year-old disabled mechanic, went to Passaic City Hall to find out why he hadn't received a tax bill for the vacant lot he owned on Summer Street. Shennett, who has lived in an apartment on Dayton Avenue in Passaic for decades, had dutifully paid taxes on the site of his childhood home since it burned down in 1987. At the tax collector's office, Shennett was surprised to learn that he no longer owned the property. Without his knowledge, the city had taken it several months earlier as part of a redevelopment effort. Later,...
  • Police step up license plate readers to collect taxes now

    04/05/2015 2:38:06 PM PDT · by TurboZamboni · 56 replies ^ | 3-31-15 | Kim Kommando
    If you live in Virginia and owe back property taxes, you should probably leave your car parked in the garage. That's because a few local police departments and towns are now using license plate readers provided by the Department of Homeland Security to spot people who owe back taxes and then impound their vehicles. Multiple agencies across the state were able to purchase automatic license plate readers thanks to grant money they received from Homeland Security's terrorism prevention program. But, rather than use them for security purposes, some seem to be using them to fill local coffers by collecting taxes.
  • Nutter proposes hiking property taxes by 9.3 percent Read more at

    Mayor Nutter will ask City Council on Thursday to approve a 9.3 percent increase in property taxes to fund the beleaguered School District. In his final budget address as mayor, Nutter will ask Council - in an election year - to approve a $3.95 billion spending plan that would raise property owners' taxes by hundreds or even thousands of dollars a year. Currently, the tax bill for a home assessed at the median of $113,000 is $1,112. If Nutter's proposal was approved, it would go up to $1,216. Details of the budget were disclosed to Council members Wednesday morning in...
  • Harrisburg residents freed from school property taxes in Wolf's budget plan

    03/03/2015 8:55:57 PM PST · by ConservativeInPA · 14 replies
    PennLive ^ | March 3, 2015 | Christine Vendel
    Pennsylvania Gov. Tom Wolf's budget proposal unveiled Tuesday drastically changes education funding and represents a windfall for Harrisburg residents, said Harrisburg Mayor Eric Papenfuse. The new governor's proposal completely wipes out school property taxes for Harrisburg homeowners. School taxes currently represent the bulk of homeowners' property taxes. "This is news everyone in Harrisburg needs to hear," said Papenfuse, who could hardly contain his enthusiasm. Harrisburg was among several distressed cities whose residents would get to zero out their school property taxes. Specifically, Harrisburg is in line for a 155-percent property tax reduction. That means the state would provide relief representing...
  • Governor Cuomo Proposes Regulations to Have Medicaid Cover "Transgender Care and Services"

    01/26/2015 11:23:43 PM PST · by ubipetrusest · 5 replies
    Governor's Press Office ^ | December 17, 2014 | Governor's Press Office
    Governor Andrew M. Cuomo today announced new regulations to include transgender health care services under New York State’s Medicaid program. The proposed regulations provide treatment for hormone therapy and gender reassignment surgery.... New York will join California, Massachusetts, Oregon, Vermont, and Washington D.C., which cover transgender health care through their Medicaid programs. In May, the federal government also ended its decades-long exclusion of coverage for certain services related to gender transition under Medicare. The introduction of this Medicaid regulation follows last week’s announcement that New York State law requires private health insurance companies to cover transgender health care on the...
  • Top New York pol under federal investigation

    12/30/2014 10:07:15 AM PST · by Cincinatus' Wife · 7 replies
    The American Thinker ^ | December 30, 2014 | Thomas Lifson
    Although not well-known outside New York, Sheldon Silver, speaker of the New York State Assembly for the last two decades, is one of the most powerful politicians in the country. And he is now under investigation by the feds for what looks like pretty serious scandal, according to the New York Times. Three reporters, William K. Rashbaum, Thomas Kaplan, and Susanne Craig, are on the story, meaning this is a big one. Federal authorities are investigating substantial payments made to the State Assembly speaker, Sheldon Silver, by a small law firm that seeks real estate tax reductions for commercial and...
  • 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...
  • Pocono property taxes are worst in Pa.

    10/14/2014 5:09:24 PM PDT · by Olog-hai · 14 replies
    Pocono Record ^ | Oct 13, 2014 at 12:18 PM | David Pierce
    Pennsylvania property tax relief should be targeted to taxpayers in the few school districts—most particularly in Monroe County—with the highest tax burdens, without completely eliminating school property taxes statewide, says a new report. High property taxes are a problem in only 30 of Pennsylvania’s 500 school districts, according to the Pennsylvania Budget and Policy Center report released last week. Monroe County’s four school districts rank among the top five districts statewide for percentage of taxable household income going to pay property taxes. […] The average total property tax bill in Monroe County is between $3,000 and $4,000. Households in the...
  • 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 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...
  • Making Heads or Tails Out of Texas School Finance

    09/12/2014 2:44:09 PM PDT · by thetallguy24
    Hardhatters ^ | 09/12/2014 | Jordan Long
    It was bone-chillingly cold in the village of Washington-on-the-Brazos on March 2, 1836. There, a group of Texans had gathered to formally announce their break from the despotic Mexican state recently established by General Antonio Lopez de Santa Anna. With the Alamo under siege almost 200 miles to the southwest, the settlers methodically listed their complaints in the Texas Declaration of Independence. One of them lashed out at the Mexican government for neglecting “to establish any public system of education… although it is an axiom in political science, that unless a people are educated and enlightened, it is idle to...
  • Surge in property tax bills spurs push to reform tax appraisal process

    06/06/2014 12:30:01 AM PDT · by Impala64ssa · 10 replies
    Austin American Statesman ^ | 6/5/14 | Lori Hawkins and Shonda Novak
    On a recent evening, more than 300 homeowners who are worried about their rising property tax bills filled First Unitarian Universalist Church in North Austin for a town hall meeting. If something doesn’t change, many said, they will soon be priced out of their homes. Two nights later, a similar discussion played out in South Austin, where homeowners gathered at Grace United Methodist Church in Travis Heights to talk about what can be done to slow escalating residential tax values. “I’m at the breaking point,” said Gretchen Gardner, an Austin artist who bought a 1930s bungalow in the Bouldin neighborhood...
  • Liberal Austin homeowners surprised to find they have to pay all the taxes they voted for

    06/02/2014 7:18:13 PM PDT · by SeekAndFind · 100 replies
    Hotair ^ | 06/02/2014 | Erika Johnsen
    NIMBY, literally. “I’m at the breaking point,” said Gretchen Gardner, an Austin artist who bought a 1930s bungalow in the Bouldin neighborhood just south of downtown in 1991 and has watched her property tax bill soar to $8,500 this year.“It’s not because I don’t like paying taxes,” said Gardner, who attended both meetings. “I have voted for every park, every library, all the school improvements, for light rail, for anything that will make this city better. But now I can’t afford to live here anymore. I’ll protest my appraisal notice, but that’s not enough. Someone needs to step in...
  • Property tax a ticking time bomb (in Chicago)

    05/28/2014 2:42:40 PM PDT · by reaganaut1 · 27 replies
    Chicago Sun-Times ^ | May 27, 2014 | MADELEINE DOUBEK
    Chicago residents who are worried about a $250 million property tax hike because of the pension bill Gov. Pat Quinn is weighing don’t know the half of it. Or maybe three-quarters of it. It’s time Chicagoans confront the fact that there’s a nuclear property tax time bomb already set and ticking away here. There’s the potential for another $600 million property tax increase coming in December to fix police and fire pensions. And then maybe another $696 million needed next year for Chicago Public School pensions. Back to police and fire. Public Act 096-1495, passed in 2010, reads, in part,...
  • New York no longer worst state to do business

    04/16/2014 11:44:32 AM PDT · by george76 · 16 replies
    Crain Communications ^ | April 15, 2014 | Jeremy Smerd
    That honor now goes to New Jersey. Tax reforms passed in the latest budget represent big improvements for corporations, but not so much for individuals. ... Still, New York remains a burdensome place to earn a living. The reforms did not change the state's poor rankings for having high sales taxes (No. 38), individual income taxes (No. 49) and unemployment taxes (No. 45). Meanwhile, the governor announced Tuesday that the state tax department collected nearly $4 billion in evaded taxes in the past year, a 5% or $200 million increase compared to the year earlier.The state collects about $87 billion...
  • Limbaugh Says ‘Democrats Are Living in Mortal Fear’ of the Day This ‘Huge’ Story Is Widely Reported

    03/22/2014 10:59:43 AM PDT · by PJ-Comix · 26 replies
    The Blaze ^ | March 20, 2014 | Jason Howerton
    Conservative radio host Rush Limbaugh on Wednesday took a shot at the mainstream media and even some conservative outlets for underreporting on the success of Gov. Scott Walker (R) in Wisconsin. Limbaugh cited an Associated Press report run Wednesday on page A14 of the New York Times about the Wisconsin Assembly passing Walker’s $504 million tax-cut plan. As previously reported by TheBlaze, Walker intends to use part of Wisconsin’s projected $977 million surplus to pay for property and income tax cuts.
  • Class action suit slams city’s property tax system as discriminating against blacks, Hispanics

    02/28/2014 6:56:00 PM PST · by ConservativeStatement · 12 replies
    New York Daily News ^ | February 27, 2014 | Corinne Lestch
    The city’s property tax system has long been criticized for favoring homeowners over renters, but a bombshell lawsuit filed Wednesday charges that it discriminates against blacks and Hispanics as well. The allegation, if upheld, could force a radical overhaul in how property taxes are levied — potentially forcing homeowners to pay billions of dollars more each year. “The state would have to alter the property tax system to address the disparities, which would change the distributions of property tax burdens,” said Doug Turetsky of the Independent Budget Office.
  • New York Man’s Home Seized After He Comes Up $936 Short on $10,813 Tax Tab

    02/06/2014 7:26:17 PM PST · by DogByte6RER · 39 replies
    Fox News ^ | February 05, 2014 |
    New York man’s home seized after he comes up $936 short on $10,813 tax tab A Syracuse man had his home seized after he paid back $9,877 in city taxes over a six-month period -- but came up $936 short. "I tried so hard. I tried so hard to make these payments," Calvin James, who found out he lost the home when he walked into City Hall on Dec. 6 with a $1,500 check, told The Syracuse Post-Standard. The property had been seized Dec. 4. The paper reported that the city launched an aggressive foreclosure campaign in 2012. The program...
  • Real cost of pension inaction (coming to a city and school district near you)

    11/07/2013 11:50:41 PM PST · by Cincinatus' Wife · 17 replies
    Pittsburg Tribune ^ | November 7, 2013 | Nathan A. Benefield, director of policy analysis at the Commonwealth Foundation
    Is your family ready to lose a mortgage payment or give up cellphone service for increased property and state taxes? Or would you rather see 33,000 public school teachers in Pennsylvania — nearly one out of every three — lose their jobs? With pension costs set to drive up the average family's taxes nearly $900 annually, those are the harsh choices Pennsylvanians face unless we demand reform now. The state's two pension systems, for state government workers (SERS) and public school employees (PSERS), have more than $47 billion in debt. It's a shortfall that taxpayers must cover. And the bill...
  • When Taxes “Lien” Too Far

    09/18/2013 8:26:29 AM PDT · by Kaslin · 6 replies ^ | September 18, 2013 | Harry R. Jackson, Jr
    Daniel Webster famously observed that, “The power to tax is the power to destroy.” We often see arguments over taxes framed as conflicts between the compassionate and the miserly. If you care about the poor, we are told, you will support higher taxes to provide them with better services. Any cautions about taxation are often dismissed as selfishness, stinginess or even greed. But who is really victimized when the power to tax is abused or mismanaged? The Washington Post recently ran a series of articles exposing years of extensive incompetence and abuse in the collection of property taxes which put...
  • Left with nothing (Americans losing homes for unpaid tax bills as little as $44)

    09/08/2013 3:19:52 PM PDT · by E. Pluribus Unum · 59 replies
    Washington Compost ^ | September 8, 2013 | Michael Sallah, Debbie Cenziper, Steven Rich
    On the day Bennie Coleman lost his house, the day armed U.S. marshals came to his door and ordered him off the property, he slumped in a folding chair across the street and watched the vestiges of his 76 years hauled to the curb.
  • Man owed $134 in property taxes. The District sold the lien to an investor who foreclosed

    09/07/2013 11:27:30 PM PDT · by RC one · 106 replies
    On the day Bennie Coleman lost his house, the day armed U.S. marshals came to his door and ordered him off the property, he slumped in a folding chair across the street and watched the vestiges of his 76 years hauled to the curb. Movers carted out his easy chair, his clothes, his television. Next came the things that were closest to his heart: his Marine Corps medals and photographs of his dead wife, Martha. The duplex in Northeast Washington that Coleman bought with cash two decades earlier was emptied and shuttered. By sundown, he had nowhere to go. All...
  • Easton, PA Man Pays Property Taxes in $7143 One Dollar Bills

    09/08/2013 6:31:51 AM PDT · by Red in Blue PA · 38 replies
    Youtube ^ | Published on August 30, 2013
    Love it. He says most people simply have the taxes escrowed and do not see how much is stolen from them every year. We need more people doing this!
  • There's A Simple, Unbiased Way To Figure Out Whether To Rent Or Buy

    08/10/2013 10:34:12 AM PDT · by SeekAndFind · 15 replies
    Business Insider ^ | 08/10/2013 | LEONARD BARON, ZILLOW
    If you are a renter and pondering whether it’s time buy a home, one thing that might be on your mind is a rent vs. own analysis. As you can imagine, this analysis will help you determine the financial benefits of owning a home vs. staying a renter. Many online rent vs. own analysis tools are available, but a little caution is needed, as some of these tools are very biased and skewed. Some always find that it typically makes sense to buy, while others show that you should rarely buy. Most of them look at the difference between the...
  • 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...
  • Plans to Encase Detroit Home in Ice Move Forward

    11/14/2009 7:56:33 AM PST · by Son House · 31 replies · 1,287+ views
    Associated Press at Google News ^ | Nov 13 2009 | Associated Press
    A project to encase one of Detroit's thousands of abandoned homes in ice this winter to draw attention to foreclosures that have battered the region is moving forward and expanding. Photographer Gregory Holm said this week that the state's land bank agreed to donate a home on the city's east side for the Ice House Detroit project. The scope of the project by Holm and freelance architect Matthew Radune is growing. They plan to use some money they've raised to help a Detroit family get a home by paying back taxes on a foreclosure. Holm also said early-release prisoners will...
  • Report: 47 Percent of Detroit Property Owners Pay No Taxes

    02/22/2013 8:07:58 AM PST · by chessplayer · 58 replies
    An estimated 47 percent of Detroit’s property owners pay no taxes, according to recent report from The Detroit News. n fact, according to The News, delinquency in the shattered city is so bad that that 77 blocks had only one owner who paid taxes in 2012. Yes, one person paid taxes in an area covering 77 blocks. Many of the people interviewed by The News said that they don’t understand why they should pay into a system that has failed to provide them with basic public services. “Why pay taxes?” asked Fred Phillips, who owes more than $2,600 on his...
  • Michigan Teachers Rank No. 2 For Salary

    02/12/2013 12:24:51 PM PST · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 2/5/2013 | Tom Gantert
    Michigan teachers rank second in the nation in terms of salary when the cost-of-living is factored in, according to an analysis done by the Mackinac Center for Public Policy. Maryland ranked No. 1; Illinois was No. 3 followed by New York and California. The analysis of salaries comes after Michigan Superintendent of Education Mike Flanagan said he would like to see all full-time public schools teachers make $100,000 a year in salary, which he said would attract higher quality teachers. Michael Van Beek, education policy director at the Mackinac Center, estimated it would take $4.2 billion to increase all teachers...
  • N.J.'s local tax bills keep spiraling upward

    10/21/2012 11:33:36 AM PDT · by Kid Shelleen · 16 replies
    Philadelphia Inquirer ^ | 10/21/2012 | Anthony R. Wood
    Ted Marvel pays $4,900 in annual property taxes on his 1,000-square-foot home in the heart of Collingswood. In fact, his monthly tax bill - $407 - is starting to rival what he pays in principal and interest on his mortgage. Said Marvel: "They're going to meet soon." In the new millennium, New Jersey's property taxes, the highest in the nation, are exploring new heights. "It's astronomical," said Marvel. "It's crazy." That, too, his Garden State neighbors affirm.
  • Property-tax cheats facing crackdown

    07/29/2012 2:32:24 AM PDT · by Cincinatus' Wife · 21 replies
    Miami Herald ^ | July 28, 2012 | Martha Brannigan
    For years — decades, really — Miami-Dade homeowners have been ducking property taxes by illegally claiming homestead exemptions, usually with impunity. .......The price of getting caught: Up to 10 years of unpaid back taxes, plus a 50 percent penalty and 15 percent annual interest.... Since January, six detectives from the Economic Crimes Bureau of the Miami-Dade Police Department have been working to bolster the muscle of 15 investigators at the Property Appraiser’s Office in nailing violators. That is up from two police detectives deployed in 2011 to tackle a backlog of some 3,500 complaints (now about 2,166) which typically come...
  • Will North Dakota be the first state to end property taxes?

    06/11/2012 2:27:22 PM PDT · by Libloather · 34 replies
    Post Bulletin ^ | 6/11/12 | Josh Goodman
    Will North Dakota be the first state to end property taxes?By Josh Goodman Associated Press Posted: Jun 11, 2012, 10:29 am WASHINGTON — North Dakota voters on Tuesday will decide the fate of a ballot initiative that would make the state the first in the country to end property taxes. If any state is going to take such a dramatic step, North Dakota would seem to be a likely candidate. North Dakota is generally a conservative state, and fiscal conservatives generally support lower taxes. The state is also experiencing a surge in tax revenue unrivaled elsewhere. The property tax is...
  • PN Bakken: ND tax collections jump 44 percent (North Dakotaabolish property taxes)

    06/11/2012 2:23:49 PM PDT · by Hojczyk · 9 replies
    Petroleum Bakken ^ | May 6, 2012 | Rose Ragsdale
    In the April 17 edition of Forbes, contributor Josh Barro cited an astonishing jump in North Dakota tax collections in 2011 due to the recent oil and gas boom in the northern plains state. Citing U.S. Census Bureau report on 2011 state tax collections figures, Barro said tax collections in North Dakota have soared — up 44.4 percent over 2010, all on the strength of the oil and gas boom in the Bakken shale formation. Severance taxes (taxes on natural resource extraction) leaped 65 percent from year to year and now make up 49 percent of the state’s tax collections....
  • North Dakota Drills Its Way Out Of Property Taxes

    06/12/2012 5:32:30 PM PDT · by raptor22 · 31 replies
    IBD Editorials ^ | June 12, 2012
    Energy Boom: One state has found a solution to job and economic growth so successful it may eliminate one of the most onerous of taxes. It turns out that, yes, we can drill our way out of our problems. On Tuesday in North Dakota, a state flush with revenues from oil produced from the Bakken Shale formation it sits astride, voters were deciding whether theirs will become the first and only state not to have a property tax. If it passes (polls didn't close until after our press time), it ll be the first time a state has eliminated a...
  • Sign the Online Property Tax Independence Act Petition! (Pennsylvania)

    01/22/2012 3:33:07 AM PST · by Timber Rattler · 13 replies
    State Representative Jim Cox Website ^ | January 22, 2012 | PA State Representative Jim Cox
    On February 7, Governor Tom Corbett will deliver his annual budget address to a joint session of the Pennsylvania House and Senate. In addition to spelling out his budget plan for the year, this annual tradition provides the governor with a platform to identify his legislative priorities. Help us encourage the governor to make the Property Tax Independence Act his top priority by signing the online petition on my website. We want to show the governor that this issue deserves his attention and support as he outlines his agenda for 2012. To help us achieve this goal, we are collecting...
  • How Taxes Drive Down Home Values (What state and local officials can do to help housing market)

    12/01/2011 6:41:11 AM PST · by SeekAndFind · 24 replies
    National Review ^ | 12/01/2011 | Nicole Gelinas
    Standard & Poor’s released the latest Case-Shiller data on house prices on Tuesday, and the results weren’t pretty. In the past five years, house prices have declined to 2003 levels, and the average home declined in price by 3.9 percent over the last year alone. National politicians are scrambling to reverse the trend. But the remedy lies in state houses and town halls. Two weeks ago, both Republicans and Democrats in Congress cited the struggling housing market as their reason for extending an “emergency” subsidy for homebuyers. The taxpayer-backed Federal Housing Administration will continue to guarantee mortgages on houses worth...
  • Harp Playing for Obama New-Old Home Program

    11/21/2011 11:05:30 AM PST · by Kaslin · 3 replies ^ | November 21, 2011 | Kathy Fettke
    Obama has less than one year to boost his ratings, and the latest housing bail-out plan is part of his campaign. But will it work in the long run? Let’s take a look. HARP 2.0 (Home Affordable Refinance Program) launched this week with the hopes of helping at least 1 million underwater borrowers refinance into today’s low rates, even if they owe much more on their home than it’s currently worth. While the rules are less stringent than the original not-so-effective HARP program, it still won’t save enough underwater homeowners from losing their homes. Why? 1). It only applies to...
  • Obama administration to offer home re-fi plan "independent of how deeply underwater they are"

    10/24/2011 2:37:57 PM PDT · by martosko · 31 replies
    The Daily Caller ^ | 10/24/2011 | Neil Munro
    President Barack Obama is expanding his use of federal regulations by prodding the financial sector to sell low-interest mortgages to millions of cash-strapped homeowners “independent of how deeply underwater they are,” said Shaun Donovan, Secretary of the Department of Housing and Urban Development, Monday morning. White House officials worked with real-estate and financial-sector groups to shift the financial risks that have kept high-risk borrowers from getting mortgages. Under Obama’s plan, mortgages will even be offered to homeowners who need to borrow 125 percent of a house’s value, Donovan added.
  • Bam Sidesteps Congress on Housing

    10/24/2011 2:59:41 PM PDT · by Kaslin · 15 replies
    Rush ^ | October 24, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: As I mentioned, "With his jobs plan stymied in Congress by Republican opposition --" this is the New York Times. The truth is his jobs plan is stymied in Congress by his inability to get Democrats to vote in majority for it. "-- President Obama on Monday will begin a series of executive-branch actions to confront housing, education and other economic problems over the coming months, heralded by a new mantra: 'We can’t wait' for lawmakers to act.' According to an administration official, Mr. Obama will kick off his new offensive in Las Vegas --" where he...
  • Homeowner Overcharged On Property Taxes For Two Decades. How Much Should City Repay?

    07/30/2011 9:28:40 AM PDT · by TenthAmendmentChampion · 34 replies
    The Consumerist ^ | July 18, 2011 | Chris Morran
    An 84-year-old widow recently found out she's been paying too much property tax on her home for more than two decades because of an error by the original assessor. But the city has only offered to pay her back for one year of the overcharge. The small, one-story Racine, WI, home has a pair of windows that look out from the attic. And when the original tax assessor came by to look at the property in 1987, he didn't go inside and assumed that the attic was actually another bedroom, which meant another 500 square feet. It wasn't until 2008,...
  • Governor eyes Hilo-Kona tax disparity issue

    05/22/2011 2:05:19 PM PDT · by george76 · 13 replies
    Hawaii Tribune-Herald ^ | May 22, 2011 | Chelsea Jensen
    Abercrombie vows to fix system. West Hawaii pays a disproportionate percent of property taxes on Hawaii Island, and "we Democrats have to do something about it, and do something now," Gov. Neil Abercrombie told party supporters Saturday in Kailua-Kona. Some 116 people attended the Hawaii County Democratic Party's luncheon held at Hualalai Academy's Bridge Building. Abercrombie also covered topics ranging from energy and sustainability, affordable housing and the failed soda tax legislation. The governor noted that property owners on the west side Hawaii Island pay around 70 percent of all property taxes, even though far more people live on the...
  • Taxes keep rising despite property Deval-uation

    05/10/2011 5:29:19 AM PDT · by massmike · 6 replies ^ | 05/10/2011 | Howie Carr
    How can this be? The value of your home keeps going down, yet the property taxes never stop going up. Back in 2006, didn’t candidate Deval Patrick promise to cut property taxes? If he does have to testify under oath at Sal DiMasi’s corruption trial next week, I hope someone asks him about that pledge, just to establish his reputation for veracity, or lack thereof. “Governor, did you know you were lying when you vowed to cut property taxes, or maybe we all misunderstood you, and you really meant to say you were going to cut property values? Which is...
  • Could Declining House Values Spark the Next Taxpayer Rebellion?

    03/30/2011 7:14:50 AM PDT · by Zakeet · 30 replies · 1+ views
    Of Two Minds ^ | March 30, 2011 | Charles Hugh Smith
    You might think property taxes have declined 30%, paralleling declines in housing values. But nope--property tax revenues have shot up 27% just since 2006.Something remarkable happened to property taxes in the U.S. while housing lost 31% of its value from 2006 to 2009: they went up by $100 billion (27%). Equally remarkably, as we can see from this U.S. Census Bureau data on state and local tax revenues, property taxes went up even when housing slumped in the early 1990s. So though U.S. housing continues losing value--U.S. home prices declined in January, continuing a downward trend that began in August,...
  • Even in Wealthy Town, Schools Feel Pinch (with $43K average property tax bill)

    03/08/2011 11:45:26 AM PST · by reaganaut1 · 27 replies
    New York Times ^ | March 8, 2011 | LOUIS UCHITELLE
    BRONXVILLE, N.Y. — This wealthy New York suburb prides itself on its public schools. Class sizes are small. Students can choose from an array of subjects not offered everywhere. Teacher pay ranks among the nation’s highest. And voters long approved high real estate taxes to pay for it all. But even here — as in other affluent enclaves — corners are being cut, bringing home the wrenching debate that has caused turmoil in so many other communities. What some really fear is that the cuts will continue. “You hear people say they want Mandarin taught in the sixth grade or...
  • “The Hotel California” is not just a song: liberal tax vampires making sure you can’t check out

    12/07/2010 7:37:45 AM PST · by jmaroneps37 · 8 replies ^ | DECEMBER 7TH, 2010 | Kevin “Coach” Collins
    During a recent show Rush Limbaugh asked a caller, who was complaining about the terrible conditions he was suffering under the liberal tax vampires running California, why he doesn’t move. The man’s answer was instructive. He said the property taxes on his home were set so high it has become impossible to attract a buyer. The words from the old Eagle’s song Hotel California: “We are programmed to receive…but you can never leave..” came to mind. A Liberal tax vampire Hotel California in Chicago This week brought news that the States of Illinois passed new tax increases to be paid...