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Property Taxes
Posted on 11/27/17 at 12:15 am
Posted on 11/27/17 at 12:15 am
Lately I've been accused of not having a single "conservative" view so I thought I would share one of my biggest gripes with Democrat taxation initiatives.
Why are property owners expected to shoulder the load exclusively for new social initiatives. This is coming from someone who appreciates the need to help the poor, raise teacher's salaries, hire more police, etc etc etc...
That said, I simply can't understand a policy which punishes folks for saving up 10s of thousands of dollars to buy a home. Raising property taxes takes money directly out of the pockets of folks of every demographic, most income brackets...
Anyway...thought I'd share since some folks that I respect said I never posted about views that diverged from the Dems...
Why are property owners expected to shoulder the load exclusively for new social initiatives. This is coming from someone who appreciates the need to help the poor, raise teacher's salaries, hire more police, etc etc etc...
That said, I simply can't understand a policy which punishes folks for saving up 10s of thousands of dollars to buy a home. Raising property taxes takes money directly out of the pockets of folks of every demographic, most income brackets...
Anyway...thought I'd share since some folks that I respect said I never posted about views that diverged from the Dems...
14
Posted on 11/27/17 at 12:29 am to Tigerdev
Renters pay property taxes too.... landlords pass on the tax in the form of higher rents.
Posted on 11/27/17 at 12:48 am to HailHailtoMichigan!
quote:Indirectly *maybe*. The rental market is one of the most basic supply and demand markets. Many home owners don't make a profit on their rentals depending on the status of the market. It isn't just a "charge whatever you need" situation in many places.
Renters pay property taxes too
Posted on 11/27/17 at 12:51 am to Tigerdev
quote:
Anyway...thought I'd share since some folks that I respect said I never posted about views that diverged from the Dems...
So how does it feel to be a racist?
Posted on 11/27/17 at 1:03 am to Tigerdev
quote:
quote:
Renters pay property taxes too
Indirectly *maybe*. The rental market is one of the most basic supply and demand markets. Many home owners don't make a profit on their rentals depending on the status of the market. It isn't just a "charge whatever you need" situation in many places.
Renters definitely pay indriect property taxes, and I say that as a renter.
I live in the city where these half-assed taxes are quite visible right now. Have you seen Chicago's recent property tax increase? It has done a number on the real estate market here.
ETA: And renters and property managers will always, always get their share. We have a system that is - correctly - designed to subsidize property ownership.
This post was edited on 11/27/17 at 1:06 am
Posted on 11/27/17 at 1:09 am to Tigerdev
I would rather pay property taxes over income taxes. I can choose a cheaper property to live in if necessary.
On a federal level, I would rather pay a national sales tax over income taxes.
On a federal level, I would rather pay a national sales tax over income taxes.
Posted on 11/27/17 at 2:16 am to Tigerdev
quote:
Many home owners don't make a profit on their rentals depending on the status of the market.
While I am sure it is possible I just can not imagine being in this position
Posted on 11/27/17 at 4:07 am to Tigerdev
quote:
Many home owners don't make a profit on their rentals depending on the status of the market.
Why would a home owner rent property for a loss over time? The only way i could see that as being true would in a market where property values are decreasing and people are trying to ride it out in hopes the market turns around. It is not sustainable long term. Owners either rent for a sizable profit or sell the home. Why stay in an investment for a lost?
Posted on 11/27/17 at 4:17 am to Tigerdev
The number one beach town on the East Coast Hampstead/Topsail Island has ridiculous property taxes because of the 'good' schools.
I say that grandparents should get a break from this. No wonder so many move to Florida. What taxes, or lack there of does Fla. have?
Also, how much is a coffin and funeral taxed? If Obama would not have gone on to yacht hopping. I swore we were near taxing our bowel movement rights (cost per turd)and toilet paper; punishable for harming mother earth. Kids lemonaide stands are regulated and now probably taxed.
I say that grandparents should get a break from this. No wonder so many move to Florida. What taxes, or lack there of does Fla. have?
Also, how much is a coffin and funeral taxed? If Obama would not have gone on to yacht hopping. I swore we were near taxing our bowel movement rights (cost per turd)and toilet paper; punishable for harming mother earth. Kids lemonaide stands are regulated and now probably taxed.
Posted on 11/27/17 at 6:20 am to omegaman66
quote:
So how does it feel to be a racist?
It feels natural...like breathing.
Posted on 11/27/17 at 6:35 am to Tigerdev
quote:
Why are property owners expected to shoulder the load exclusively for new social initiatives. This is coming from someone who appreciates the need to help the poor, raise teacher's salaries, hire more police, etc etc etc...
I don't know what to tell you man. In case you haven't noticed there are literally zero taxes the Democrats aren't in favor of. I mean you don't see him passing tax cuts for the middle class when they're in charge do you? For Democrats taxes move in exactly One Direction
How can I justify getting homeowners to pay for teacher salaries? Do you even fricking pay attention to your party? Teachers are so far above homeowners in the liberal grievance scale it's not even funny. You were talking about a competition between union members and people who can afford a home. For liberals homeowners lose that 100% of the time
Posted on 11/27/17 at 6:36 am to Tigerdev
As for renters paying property taxes. LOL. The next time Democrats talk about second-order effects to their policies will be the first
This post was edited on 11/27/17 at 6:48 am
Posted on 11/27/17 at 6:38 am to Tigerdev
quote:
That said, I simply can't understand a policy which punishes folks for saving up 10s of thousands of dollars to buy a home.
It's worse than that.
What about property taxes on a fricking vehicle? (which is not done in all States)
I have lived in several States now that have property taxes on vehicles ... and, guess what .. the newer and more expensive the vehicle, the higher the taxes.
WHAT THE frick IS THAT?
And, if a person or family saves up and pays CASH MONEY to own a new vehicle outright ... then, you get drilled for being responsible, working hard, etc.
HOW THE frick can a person be expected to pay taxes over and over ... on a vehicle that he or she ALREADY OWNS and paid FULL TAXES ON when he or she bought it?
I cannot fathom how this is legal.
And, it is a system that encourages people to buy used vehicles or drive older vehicles...at least those that wish to limit taxes.
And, yes ... it is frustrating as hell to continue to pay escalating taxes on a house and/or land that you already fricking own ... particularly when a shitload of that money goes to crappy schools ... so that you have to fork out for private school or home school.
Posted on 11/27/17 at 6:49 am to Tigerdev
You have no idea until you live in the great state of NJ.
Posted on 11/27/17 at 6:51 am to ShortyRob
quote:
As for renters paying property taxes. LOL. The next time Democrats talk about second-order effects to their policies will be the first
I'd like to add to this
On MORE THAN 1 occasion, I've witnessed liberals get incensed with rising rents on the heels of a property tax increase.
This is standard liberalism. They expect the people they tax time simply absorb the tax.
Hence. The left doesn't blame rising rents on their policies. EVER
I swear. This must be how liberals like Dev live with themselves
They just ignore who is in their party
Posted on 11/27/17 at 7:04 am to Tigerdev
AL doesn't make 100% disabled Veterans (not sure about 100% disabled non-Veterans), and those 65 and over with a certain income ceiling pay property taxes. The exemption for being 65 and over is for one homestead.
I wish they would prorate more Veterans though. If you're a 90% disabled Veteran you get no break on your property taxes at all. They don't tax military retirements though so that's another good thing.
I wish they would prorate more Veterans though. If you're a 90% disabled Veteran you get no break on your property taxes at all. They don't tax military retirements though so that's another good thing.
Posted on 11/27/17 at 7:12 am to Tigerdev
Property taxes need to go away. Not raising them isn't good enough.
Posted on 11/27/17 at 7:22 am to C
quote:
Why would a home owner rent property for a loss over time?
I'm in this position because I bought a house about 5 seconds before the housing market went off a cliff in late 2007/early 2008.
I don't necessarily lose money after tax considerations, but I'm not making money each year. The hope is that appreciation of the house will pay off when I sell it.
And no, I'm not easily able to dictate a higher rent in the market the house is in.
Posted on 11/27/17 at 8:12 am to Tigerdev
quote:
Indirectly *maybe*. The rental market is one of the most basic supply and demand markets. Many home owners don't make a profit on their rentals depending on the status of the market. It isn't just a "charge whatever you need" situation in many places.
Having previously been a rental property owner, I concur.
If you have great tenants, you don't want to bump the rent up every year too much, for fear of losing them and getting them replaced with trashy ones.
My goal was to use the rent to cover the mortgage and maybe a bit more for repairs, use depreciation to create the tax loss, and hope property values go up in the future. Fortunately I was able to do all three.
Posted on 11/27/17 at 8:15 am to C
quote:
The only way i could see that as being true would in a market where property values are decreasing and people are trying to ride it out in hopes the market turns around.
When I first got into the rental market, the economy was in the beginning stages of the downturn (2007). It was hold on and cover your costs until things turned around and you could either raise rents or sell for a good profit.
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