thats a good idea. A progressive property tax. I sorta can’t believe it never occured to me and I never saw it mentioned previously. Would encourage affordable housing building I think to.
A large building with a lot of rentals would be taxed at a high total value, and this increased cost would be passed on to renters, thereby defeating the purpose. It should o ly apply to unrented properties.
Side note, I know nothing about rent control though.
No, it wouldn’t. It would discourage development and would encourage people to let their properties languish to lower their assessed values.
The current system works because generally you do not pay more for more expensive property, you pay a flat rate based on the assessed value. And there are abatement for certain identity and income groups already that serve as a progressive measure. Low income and senior residents most typically get the biggest tax breaks already.
properties languish to lower their assessed values.
you do not pay more for more expensive property, you pay a flat rate based on the assessed value
How is that possible for assessed value to be one way but not the other? Assessed properties have to do with the value of the property. It’s not 1:1 but it is definitely correlated.
because people are not rational. they are emotional.
and they are VERY emotional about taxes to the point they do stupid crap. a lot of people are very fearful of taxes to the point they make really crazy choices based on that fear.
my own sister is going to move to some rural shitty state, because she is so afraid of paying taxes once she retires. especially property taxes. and when i point out the irony of that when she gets sick there will be zero medical services… she tells me to go fuck myself. she has this delusional belief that if she lives in a cabin in bumfuck nowhere then her life will be amazing because she won’t be paying taxes as much.
If you don’t have money to pay property taxes they seize your property and auction it off. All while costs are skyrocketing, and people on fixed incomes aren’t getting more money. To dismiss your sister’s fear is wrongheaded, she’s right on this unless she has a lot saved up, social security is worth less in real value every year, as real inflation averaged 5-8%/year under the old, and more honest, standard, just by 2008 for the 50 years prior, and stated inflation in the cpi that it’s all based on had it’s formula changed several times to keep it around 2-3%. The difference is 1,300 dollars a month social security recipients are now denied from those changes to the cpi, on average.
So costs can go up so they can’t afford to eat and pay bills and keep a car, and pay property taxes. Plus the county/township can come in and change the valuation of the property, raise the millages, etc.
Losing your property as a retiree is catastrophic, I would say you are way off base scorning your sister’s very real concerns here.
Yeah, none of that is true. My sister is objectively an idiot, she has millions of dollars and her fear is founded by ‘taxes are theft’ beliefs. Her SS benefit will be like 5-6 grand a month no top of all her already crazy money. she is a millionaire.
I worked in tax policy. It takes years of willful neglect to get your property seized. Like 10 years of not paying your taxes, and even then most municipalities have programs to make payments on tax debts.
It takes 3 years here to get your property seized and auctioned.
And not making enough money might seem like “willful neglect” to you, reared on fox news campaigns blaming the poor for getting cheated by society out of a dignified life, one they had before the 80s.
But the jokes on you, and all of us, because they are coming for all of our money, you just didn’t see through or care when they manipulated you into supporting it.
Even as they cheat you every day in the understated inflation, unless you have investment income. It’s your own fault I’m sure. Stupid others, not having enough money, it’s clearly a choice and a personal failing they are getting cheated by a society seized by big business and run by nihilistic lawyers working for billionaires.
thats a good idea. A progressive property tax. I sorta can’t believe it never occured to me and I never saw it mentioned previously. Would encourage affordable housing building I think to.
A large building with a lot of rentals would be taxed at a high total value, and this increased cost would be passed on to renters, thereby defeating the purpose. It should o ly apply to unrented properties.
Side note, I know nothing about rent control though.
Wrong. Renters are already paying the most the market will bear.
No, it wouldn’t. It would discourage development and would encourage people to let their properties languish to lower their assessed values.
The current system works because generally you do not pay more for more expensive property, you pay a flat rate based on the assessed value. And there are abatement for certain identity and income groups already that serve as a progressive measure. Low income and senior residents most typically get the biggest tax breaks already.
It does?
How is that possible for assessed value to be one way but not the other? Assessed properties have to do with the value of the property. It’s not 1:1 but it is definitely correlated.
because people are not rational. they are emotional.
and they are VERY emotional about taxes to the point they do stupid crap. a lot of people are very fearful of taxes to the point they make really crazy choices based on that fear.
my own sister is going to move to some rural shitty state, because she is so afraid of paying taxes once she retires. especially property taxes. and when i point out the irony of that when she gets sick there will be zero medical services… she tells me to go fuck myself. she has this delusional belief that if she lives in a cabin in bumfuck nowhere then her life will be amazing because she won’t be paying taxes as much.
If you don’t have money to pay property taxes they seize your property and auction it off. All while costs are skyrocketing, and people on fixed incomes aren’t getting more money. To dismiss your sister’s fear is wrongheaded, she’s right on this unless she has a lot saved up, social security is worth less in real value every year, as real inflation averaged 5-8%/year under the old, and more honest, standard, just by 2008 for the 50 years prior, and stated inflation in the cpi that it’s all based on had it’s formula changed several times to keep it around 2-3%. The difference is 1,300 dollars a month social security recipients are now denied from those changes to the cpi, on average.
So costs can go up so they can’t afford to eat and pay bills and keep a car, and pay property taxes. Plus the county/township can come in and change the valuation of the property, raise the millages, etc.
Losing your property as a retiree is catastrophic, I would say you are way off base scorning your sister’s very real concerns here.
Yeah, none of that is true. My sister is objectively an idiot, she has millions of dollars and her fear is founded by ‘taxes are theft’ beliefs. Her SS benefit will be like 5-6 grand a month no top of all her already crazy money. she is a millionaire.
I worked in tax policy. It takes years of willful neglect to get your property seized. Like 10 years of not paying your taxes, and even then most municipalities have programs to make payments on tax debts.
It takes 3 years here to get your property seized and auctioned.
And not making enough money might seem like “willful neglect” to you, reared on fox news campaigns blaming the poor for getting cheated by society out of a dignified life, one they had before the 80s.
But the jokes on you, and all of us, because they are coming for all of our money, you just didn’t see through or care when they manipulated you into supporting it.
Even as they cheat you every day in the understated inflation, unless you have investment income. It’s your own fault I’m sure. Stupid others, not having enough money, it’s clearly a choice and a personal failing they are getting cheated by a society seized by big business and run by nihilistic lawyers working for billionaires.
Dude, i worked professionally in tax policy for awhile w/ the people who write the laws and enforce them.
But please tell me how my talking points are from fox news… lol
How is your employment at all applicable to your attitude that the poors that lose their houses from property taxes had it coming?
Please forgive tubulartittyfrog, as you can plainly see, they are emotional and get angry when math doesn’t match their stupid crap feelings