Started By
Message

re: Mid City hipsters thought they could stop Jesuit from building a "bridge"

Posted on 5/8/19 at 6:11 pm to
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8037 posts
Posted on 5/8/19 at 6:11 pm to
quote:

quote:
If they rent and it isn't section 8 they sure do. I hate hipsters and feel these folks are misguided fools. But, your statement is likely false.


Why? Are the renters legally on the hook for the annual property taxes each year in Orleans Parrish? If taxes go up during year (which in my area at least can happen with property assessments in late spring and then again with rate increases up through fall of the tax year) are they legally required to pay the increased taxes for prior months before final tax assessed each year?



In a well functioning market (and the vast majority of large American metro area real estate markets are), things like property taxes and insurance are economically embedded in rent. Renters are indirectly paying it.
Posted by dallastigers
Member since Dec 2003
5786 posts
Posted on 5/8/19 at 8:19 pm to
quote:

In a well functioning market (and the vast majority of large American metro area real estate markets are), things like property taxes and insurance are economically embedded in rent. Renters are indirectly paying it.


Yea but they are not the legally bound tax payers. You can almost say something similar for income taxes paid and other expenses by any business based on income from products or services sold to consumers as part of the money received from consumers is going to be used to indirectly pay business’s tax bill. Consumer would not be on the hook legally to have to pay whatever taxes business owes from taxable income earned from sale to the consumer nor can they claim the amount as taxes paid by them. Money earned by people or business which help pay their various taxes through the year creates a lot of indirect tax payers if one wants to play that game.

The renter is also not on the hook legally for property taxes. Owner has to pay regardless of whether renter is up to date on rent, the rent covers increased taxes accessed during tax year, and for entire year regardless of occupancy or if profit made (at least individual owners as some business in places can try & get taxed on income instead of assessed property value).

I stick with direct approach and just use the term tax payer for person or entity who is sent the tax bill by govt, who directly pays the taxes, and who will be held responsible by same govt if taxes are not paid.

first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram