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re: After historic tax cuts, Texas lawmakers evaluate eliminating property taxes entirely
Posted on 9/5/24 at 1:14 pm to fallguy_1978
Posted on 9/5/24 at 1:14 pm to fallguy_1978
quote:You’d have to convince neighboring states to do the same or you’d kill businesses in towns close to the state line because people would drive an extra 15-30 minutes all the time to save 12-14% on sales tax. Especially for bigger ticket purchases
I'd rather just have a sales tax and eliminate everything else
0
Posted on 9/5/24 at 1:23 pm to ragincajun03
quote:
Currently, at 6.25%, the Comptroller's Office testified that the sales tax would have to increase to somewhere around 22%
Posted on 9/5/24 at 1:24 pm to 9Fiddy
quote:
You’d have mass riots from the poorer areas which are primarily renters who don’t pay property tax and all of a sudden see every purchase they make increase 10-12%.
They don't pay it directly, but it is built into the rental rates. The question is, would the landlord reduce the rent rates once their expenses drop if the property taxes are eliminated; probably not, but that would be a different issue.
Posted on 9/5/24 at 1:31 pm to fallguy_1978
quote:you need to run for office. I’d vote for you
I'd rather just have a sales tax and eliminate everything else. Everyone would have to pay it so people would be hesitant to vote for increases because they'd see it on every purchase.
Posted on 9/5/24 at 1:33 pm to DarthRebel
quote:
Collin County is being infested with apartments and townhomes, so I could see a deduction in property tax
1) I wish cities would limit apartments to like 20% of the housing
2) i think the rental complexes are probably paying big property tax bills. That’s probably why zoning commissions always approve them.
Posted on 9/5/24 at 1:36 pm to ragincajun03
quote:
2- It can’t be something like Louisiana’s state income tax structure. My property taxes aren’t fun to pay, but no way in hell would I want that swap, even if it completely eliminated my property taxes.
I have to assume everyone in Louisiana who prefers Louisiana’s tax structure to texas either makes no money or is retarded (and thus probably makes no money)
Posted on 9/5/24 at 1:38 pm to CDUBTX
quote:
I’m ok with a one time increase at purchase to the sales price but this automatic 10% they get away with every year offsets whatever exemptions they try to come up with.
This.
Also, it’s one the voters too, at least where I live. Those assholes approve every single damn property tax increase on the ballot that “for the school children”. Start pulling the lever for NO on at least 30% of the stuff. Can we at least start there?
Posted on 9/5/24 at 1:38 pm to 9Fiddy
quote:
primarily renters who don’t pay property tax
I’ve never met a renter who didn’t pay for the owner’s property tax bill.
Posted on 9/5/24 at 1:45 pm to DarthRebel
quote:
so I could see a deduction in property tax and increase in sales tax could actually bring in more revenue and spread the tax burden to all the renters.
When renters pay rent, they are also paying the property tax burden of the place they age renting.
And,they don’t get a homestead exemption!
Posted on 9/5/24 at 1:53 pm to DarthRebel
quote:
nty is being infested with apartments and townhomes,
Which give the County way more tax revenue than your big McMansion.
quote:
lly bring in more revenue and spread the tax burden to all the renters.
Wat? Renters pay property taxes via their rent.
You are a bit over your skis with this post, baw.
Posted on 9/5/24 at 1:55 pm to ragincajun03
I’m all for eliminating property taxes as it unfairly penalizes those who are capable of owning property, and who already bear the greatest burden of taxes to begin with. And believe, at least, that going to a straight consumption tax model will begin to level the playing field of tax burden.
However….that any level of government in this land of ours feels it necessary to tax its citizens at 22% of every fricking penny in any kind of tax system is criminal.
However….that any level of government in this land of ours feels it necessary to tax its citizens at 22% of every fricking penny in any kind of tax system is criminal.
This post was edited on 9/5/24 at 1:59 pm
Posted on 9/5/24 at 1:55 pm to GeauxTigers123
quote:
1) I wish cities would limit apartments to like 20% of the housing
Do you want insane housing prices? This is how you get insane rents and housing prices, NIMBY.
quote:
2) i think the rental complexes are probably paying big property tax bills.
Absolutely. Apartment complexes are great for tax revenues and denser housing is a more efficient use of space in an urban environment such as major cities.
Posted on 9/5/24 at 2:03 pm to jclem11
quote:
NIMBY
I thought NIMBY implied you were down with the cause just not in your backyard.
I don’t like apartments anywhere to be honest but realize you need some (that’s why I said 20%).
I do know people who are super liberal and vocal about it, but also reside in ISDs that don’t allow multi family housing (and brag about their ISD). To me that is a true NIMBY.
Posted on 9/5/24 at 2:05 pm to GeauxTigers123
quote:
I thought NIMBY implied you were down with the cause just not in your backyard.
NIMBY is Not In My BackYard.
quote:
I don’t like apartments anywhere to be honest but realize you need some (that’s why I said 20%).
Land is scarce. How would NYC look if you banned apartments like you want?
How did you determine 20% is appropriate?
Posted on 9/5/24 at 2:06 pm to GeauxTigers123
quote:
I thought NIMBY implied you were down with the cause just not in your backyard.
Not really.
quote:
I don’t like apartments anywhere to be honest but realize you need some (that’s why I said 20%).
Most people make less than 50k a year gross. They can't afford to buy or rent a sfh.
Posted on 9/5/24 at 2:06 pm to jclem11
quote:
NIMBY is Not In My BackYard.
Yes, but it’s usually used to describe people who are all for a cause until it ends up on their doorstep.
This is from dictionary.com
“a person who objects to the siting of something perceived as unpleasant or hazardous in the area where they live, especially while raising no such objections to similar developments elsewhere.”
At least I am honest that I don’t like apartments basically at all. I view my honesty better than hypocrisy.
This post was edited on 9/5/24 at 2:13 pm
Posted on 9/5/24 at 2:31 pm to Weekend Warrior79
quote:
You’d have mass riots from the poorer areas which are primarily renters who don’t pay property tax and all of a sudden see every purchase they make increase 10-12%.
They don't pay it directly, but it is built into the rental rates. The question is, would the landlord reduce the rent rates once their expenses drop if the property taxes are eliminated; probably not, but that would be a different issue.
Just a sec, let me calculate the chances of rent reductions if the property tax is removed....Here it is: 0.0%.
Posted on 9/5/24 at 2:33 pm to GeauxTigers123
quote:
At least I am honest that I don’t like apartments basically at all. I view my honesty better than hypocrisy.
Congrats I guess.
How did you determine 20% apartments are "okay"?
Follow up -- where the frick are the poors supposed to live? The median HOUSEHOLD income is like $60K a year. These people cannot afford to own a SFH.
Posted on 9/5/24 at 2:38 pm to ragincajun03
Flat tax and control spending
Posted on 9/5/24 at 2:38 pm to ragincajun03
Crazy. Property taxes are guaranteed for the state to collect, they’d see a big drop during recessions under the sales tax method. I’m all for it but they probably haven’t thought that through.
This post was edited on 9/5/24 at 2:41 pm
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