I am very interested in the movement to eliminate Property Taxes ex: Understand the need for local funding but believe taxes on your home are not a good way. There have been a number of news stories about people being forced out of their lifelong homes because they couldn't afford the property taxes anymore. I've talked about this issue about among my circle of friends but now it seems to be going national. I wonder if others are interested in this Ohio becomes property tax battleground "The impact of this heavier property tax burden on Ohio homeowners is getting hard to ignore, with tax delinquency rates shooting up across the state. In Mahoning County, the tax delinquency rate is currently 18 percent, according to reporting by Tribune Today, with about $71.9 million of uncollected property taxes. "Ohio families need urgent property tax relief because rising tax bills are squeezing working Ohioans who are struggling to afford their homes, But some residents fed up with waiting for lawmakers to fix the situation are taking matters into their hands. A grassroots movement to abolish property taxes in Ohio is growing increasingly frustrated with the state legislature. Whatever suggestions they make for reform, they say they will push forward with their attempt to put abolishing property taxes in the state on the ballot." US National map of States considering changing their Property Tax Law Map Shows States Where Property Tax Could Be Repealed - Newsweek
they can't eliminate property tax without increasing something else to maintain revenue levels. property tax is fair because richer people tend to live in larger house(s). i'm comfortable with income tax as well, but the rich can often avoid it. i understand retirees sometimes have difficulty and have to sell, but that can be addressed in other ways
In Arizona there is a pending full exemption for 100% disabled Veterans. There are other sources of relief from various voter propositions passed in previous years including a property valuation freeze, a property tax deferral, and a property tax refund credit. Having recently paid off my mortgage I am now responsible for paying the property tax, so I'll be looking in to these programs. Agree with the need for local funding. The assessment also varies by state and with the ratio of public to private land ownership. Death and taxes...
Much of this funding is going to LOCAL schools, fire, LEO, emergency health care and community services, local parks and recreations. You know the mostly free community things that makes your local enjoyable. That money needs to come from someplace, so how would you feel about an increase in local sales taxes to offset the shortfall????? No-one likes paying taxes, but it's a necessary evil
That's why we have a progressive tax system in place. Look at Oregon's tax structure; they hit land owner particularly hard.
Ours works out to roughly $500 CDN per month. Infrastructure upkeep is sketch as it is, suspect it'd take a turn for the worse with the current tax system elimininated. Apparently you can "defer" payment, it goes on your tab, and the city takes a cut if/when you (or your descendants...) sell. I don't want to go there.
