- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Property taxes on unrealized gains?
Posted on 6/1/26 at 1:42 pm to ksayetiger
Posted on 6/1/26 at 1:42 pm to ksayetiger
the more illegals and liberals that come, the more you have to support. And if you live in 99% of cities with a population over about 250k, you can bet the city council or county commissioners are Dildocrats.
0
Posted on 6/1/26 at 1:42 pm to weagle1999
This is why you vote NO on every single property tax, new or renewal.
You want a library? Make everyone pay
Parks? make everyone pay
CATS? Everyone pays
You want a library? Make everyone pay
Parks? make everyone pay
CATS? Everyone pays
This post was edited on 6/1/26 at 1:44 pm
Posted on 6/1/26 at 1:47 pm to DeBoar
quote:
my FMV has went up over 250k in the last 7 years. I have no problem with increased property taxes if it’s justified but basing increases on FMV is going to kill homeowners eventually. The market is out of control.
No question. I tell you what I'd do. I'd talk with my neighbors and see if they are in the same boat. If so, get every one to blast the tax assessor and your county supervisor. Several mad people = losing job next election. If that doesn't work. Expand and direct more outrage.
If you are the only one.. appeal the assessment.
Posted on 6/1/26 at 1:50 pm to Mo Jeaux
quote:
I hate all taxes,
I propose a tax on all foreigners living abroad. (John Cleese)
Posted on 6/1/26 at 1:53 pm to MemphisGuy
quote:That's kinda how it works in California.
Property tax = tax on the assessed value of your property at the time of assessment, not tax on the assessed value of the property on the day you bought it.
Not to hold up California as a shining example, but ...
Through Proposition 13, California locks a home's initial assessed value to its purchase price and limits annual tax assessment increases to a maximum of 2%.
Something Texas is unable to do is have these citizens' propositions initiatives that if the public signs on and has enough to meet the mandate, a citizen's proposition can reach the ballot box.
Wish we had that option here in Texas.
Posted on 6/1/26 at 1:53 pm to UptownJoeBrown
quote:
my FMV has went up over 250k in the last 7 years. I have no problem with increased property taxes if it’s justified but basing increases on FMV is going to kill homeowners eventually. The market is out of control.
Done and done. Our town keeps wanting a "special assessment" for some, what they call, needed improvements to intersections, etc. coincidentally, they also have grand plans for a couple parks they want the travel ballers to play in.
They keep getting voted down. At least the mayor doesn't get pissy about it and cry to the paper and news.
The intersection problem can be fixed by simply placing a sign at it that says "Dear Dumbass... instead of turning into this busy intersection and immediately trying to turn into McDonalds, drive your fatass to the direct turn in that is 100 yards down the street."
They don't need a tax assessment for that. I'll pay for that out of pocket if they keep the wording the same. And the intersection is fixed.
This post was edited on 6/1/26 at 1:55 pm
Posted on 6/1/26 at 1:55 pm to Mo Jeaux
quote:
He is though. A property tax is not an income tax. Capital gains taxes are income taxes.
Le sigh. Cmon brah, it’s pretty simple.
Posted on 6/1/26 at 1:57 pm to idlewatcher
quote:
Le sigh. Cmon brah, it’s pretty simple.
Yes, it is. A property tax isn’t an income tax.
Posted on 6/1/26 at 1:57 pm to CleverUserName
Oh it’s a huge discussion already. Even bigger for those who live in city limits who pay more at the hand of their council members. The treasurer and assessor know. Unfortunately this whole FMV is being set at state level, so there’s not much that can be done other than assessors backing off from annual assessments which hopefully they end up doing. I also can’t blame my neighbors because idiots continue to buy houses at stupid prices. I’m glad I have the equity but with no improvements it’s BS in regards to taxes.
Posted on 6/1/26 at 1:59 pm to CleverUserName
“
No. You are not being taxed on "unrealized gains". It's simply property tax. And it has no state or federal involvement.
Does the tax increase as the property is assessed higher? Yes. But the new tax is not a figure involving a prior basis as a tax on unrealized gains would be.”
It’s a tax on something we already own. It’s illegal. Are you guys defending property tax?
No. You are not being taxed on "unrealized gains". It's simply property tax. And it has no state or federal involvement.
Does the tax increase as the property is assessed higher? Yes. But the new tax is not a figure involving a prior basis as a tax on unrealized gains would be.”
It’s a tax on something we already own. It’s illegal. Are you guys defending property tax?
Posted on 6/1/26 at 2:03 pm to Folsom
quote:
It’s a tax on something we already own. It’s illegal. Are you guys defending property tax?
Taxation is theft however common sense people understand that improvements will increase taxes whether it be the owners property or city/county/township. I live in a very nice area and have great things but that doesn’t justify how taxes are rising or how it’s assessed. This is a bigger discussion and not really what the thread is about though.
Posted on 6/1/26 at 2:06 pm to Folsom
quote:
It’s a tax on something we already own. It’s illegal. Are you guys defending property tax?
No. I just explained the difference.
Posted on 6/1/26 at 2:09 pm to DeBoar
quote:
Oh it’s a huge discussion already. Even bigger for those who live in city limits who pay more at the hand of their council members. The treasurer and assessor know. Unfortunately this whole FMV is being set at state level, so there’s not much that can be done other than assessors backing off from annual assessments which hopefully they end up doing. I also can’t blame my neighbors because idiots continue to buy houses at stupid prices. I’m glad I have the equity but with no improvements it’s BS in regards to taxes.
Come next election... make it a point to stop talking about the people currently in office and begin publicly talking and addressing it to the opponents the minute they announce. Even if you wouldn't vote for them in a thousand years.
Suddenly that problem there was no cure for gets renewed attention.
Posted on 6/1/26 at 2:10 pm to weagle1999
Being taxed on the unrealized gain is one thing but we're being taxed on the whole property every year AND any unrealized gain year over year. This is like paying sales tax on a piece of furniture every year, over and over and if the furniture gains value, then you pay on that too.
Posted on 6/1/26 at 2:13 pm to weagle1999
You aren’t really wrong that conceptually, these are similar concepts. It’s still the same house, you aren’t getting any greater value out of the house because its market value may have increased.
However, assessments are indeed based off of market value in most jurisdictions. This is more a matter of practical expediency than anything else.
However, assessments are indeed based off of market value in most jurisdictions. This is more a matter of practical expediency than anything else.
Posted on 6/1/26 at 2:17 pm to GoCrazyAuburn
quote:
It is much more akin to a wealth tax than a capital gains/unrealized gains tax. The value could only go down and you'd still owe a property tax on whatever the value is every year, even though it has never appreciated.
Your second sentence is accurate. But you aren't describing what a wealth tax. EVERY property has an assessed value and a millage rate. Any increase in a yearly assesed value is basically another cost of inflation. Your assessed value generally increases based on housing prices the same way your property insurance increases but different from how your HOA dues and utilities increase.Almost every "wealth tax" proposal I've ever seen is aimed specifically at the wealthiest citizens - not every citizen.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News