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re: Real estate in BTR is stupid right now.
Posted on 8/29/16 at 10:59 am to AwesomeSauce
Posted on 8/29/16 at 10:59 am to AwesomeSauce
quote:
I think he meant Louisianans will pay more due to the Parish and Local governments having to compensate for more and more lost state dollars with the expansion of programs in the state and corruption.
Perhaps, but that isn't what was stated.
BTW, I've long advocated we mimic what Texas does. No state income tax, higher property taxes, etc.
Louisianans abhor property taxes and thus the generous exemptions handed out putting thus high sales taxes and a fairly stiff income tax.
Personally I think every homeowner and business owner should pay a minimal amount of property taxes to cover basic services like police, fire, garbage and sewer. Then you could exempt homeowners from paying property taxes say from 50K to 100K and then pay more taxes for anything under 50K and over 150K.
We have way too many homeowners that enjoy police, fire, and other services who don't pay anything.
2
Posted on 8/29/16 at 11:05 am to doubleb
The reason Louisiana abhors property taxes goes back tothe 1920s and 30s, when thousands of people lost their ancesteral farms due to unpaid property taxes, often just a few cents worth. Their notices of default by the state were typically mailed to incorrect addresses if even mailed at all. Payments to the state were lost or ignored, and millions of acres were confiscated, and often sold in corrupt auctions to connected oil companies and political families.
The outcry from this abuse led to the Constitution being amended to prevent the state from siezing property due to unpaid property taxes. Because siezing property is the primary enforcement mechanism for such a tax, it is pointless to have one at the state level.
The citizens supported the homestead exemption to protect them from the locals, and shift the tax burden onto industry.
Pure populism at its finest.
The outcry from this abuse led to the Constitution being amended to prevent the state from siezing property due to unpaid property taxes. Because siezing property is the primary enforcement mechanism for such a tax, it is pointless to have one at the state level.
The citizens supported the homestead exemption to protect them from the locals, and shift the tax burden onto industry.
Pure populism at its finest.
Posted on 8/29/16 at 11:06 am to doubleb
quote:
Personally I think every homeowner and business owner should pay a minimal amount of property taxes to cover basic services like police, fire, garbage and sewer. Then you could exempt homeowners from paying property taxes say from 50K to 100K and then pay more taxes for anything under 50K and over 150K.
We have way too many homeowners that enjoy police, fire, and other services who don't pay anything.
So what is the $3,000 in taxes i pay every year going to, other than stupid arse libraries, public schools and CATS, of which i use none of, and never will?
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