Property taxes

[BrokenBackJack]

One of our neighbors moved here from Californification and he said he built his house in 1978 and he paid the same tax until it was sold and he moved here.
Now to me that is how it should be and I don't care if it is land or a house.

 

[jdfisherman]

It is their attempt to level the playing field. uh hem

Your thoughts hold for a long time owner.

Put the shoe on the foot of a new owner. Paying "x" times the amount in taxes that of his neighbor who has owned for eternity. For the same "services".

Not saying I agree with the rules.

Hasn't real estate values (as evidenced by actual sales dollars of properties) in general increased beyond inflation? Just poking holes.

Theoretically if there is an increase in total assessment there is supposed to be a corresponding decrease in the mill rate. The overall taxation to be the same.
Yeah right.

Carry on.

or is it?

Fish on!

To your real estate values question: my parents bought a house in 1985 for $50k. Inflation says that house should be worth $153k today. Current valuation is $198k; 29% more than what inflation says it should be worth. (Parents are long gone but I still drive by the house and know there's been no improvements since they owned it.)

 

[Zogman]

One of our neighbors moved here from Californification and he said he built his house in 1978 and he paid the same tax until it was sold and he moved here.
Now to me that is how it should be and I don't care if it is land or a house.

That was tried here in ND legislature but the mayors and council of the large cities scream like a gut shot hog.

 

[Maddog]

To your real estate values question: my parents bought a house in 1985 for $50k. Inflation says that house should be worth $153k today. Current valuation is $198k; 29% more than what inflation says it should be worth. (Parents are long gone but I still drive by the house and know there's been no improvements since they owned it.)

<>>><
It is always interesting to drive by/visit (mentally) locations from years gone by. Memories of people and things that happened. Wondering what happened to the characters. I always wonder who lived in old homesteads that I see in the distance that are all dilapidated. What was their story?
<><><><><>
Regarding valuations.

Does one "trust" the yearly inflation values?
Inflation of what?
Sugar?
Coffee?

To me it is a warm fuzzy feeling relative to some arbitrary number.
I take that back, it isn't so warm.


We are on SS. The yearly COLA is always less than the yearly inflation. Why is that?
LOL We all know darn well why.

Carry on. Time to find a beer.
Or two.

 

[lunkerslayer]

Well maybe since there is actually another state that has or will have voted to get rid of property taxes for most who live in Florida perhaps north dakota can do the same.

 

[NDSportsman]

ND should have been the first but apparently most here are too stupid!

 

[riverview]

ive went to a tax equalization meeting in ramsey county, biggest waste of time so far this year.

 

[Ragnar]

In my mind there is at least one valid basis for property tax. During the great depression most land that was abandoned was sold by the county for "taxes owed". While this sounds terrible and is terrible, it does serve a purpose to get land that has been abandoned back into possession of an active owner.

 

[Davy Crockett]

Out of state investors who have millions will buy up every acre they can get thier hands on if they don't have to pay property tax on it

 

[woodduck30]

Out of state investors who have millions will buy up every acre they can get thier hands on if they don't have to pay property tax on it

At least the way it is now we keep those out of state investors from buying it all up. Keep those idiots like Bill Gates out of here...........oh, wait

 

[NDSportsman]

Out of state investors who have millions will buy up every acre they can get thier hands on if they don't have to pay property tax on it

They already are FFS! That's what investors do, the taxes to them are insignificant!

 

[Davy Crockett]

Apparently, like the majority of the state , I'm not a fan of giving more power to nd.gov. and that's exactly what that vote was about. I don't trust them enough to give them full power to "figure it out" and then when they do, behind closed doors, we have to live with it. Common sense tells me ,lets see the plan before we bid the job.

 

[gonefshn]

ive went to a tax equalization meeting in ramsey county, biggest waste of time so far this year.

It’s not the tax equalization meeting that you need to attend (unless the value is really way off). That just deals with values and are overall fairly close. The most important meeting is when the county and other entities set their budget. In theory when values increase at a faster pace than inflation, the mills should decrease accordingly. If that were to happen our actual taxes wouldn’t go up or would only in an amount closer to real inflation. But that’s not what happens unless people are willing to hold their commissioners to it.

Probably won’t matter for long though. Increased sales and income taxes will probably be replacing them as people keep pushing to eliminate them.

 

[Obi-Wan]

Apparently, like the majority of the state , I'm not a fan of giving more power to nd.gov. and that's exactly what that vote was about. I don't trust them enough to give them full power to "figure it out" and then when they do, behind closed doors, we have to live with it. Common sense tells me ,lets see the plan before we bid the job.

so you are ok with them raising your property taxes yearly based on an imaginary value they place on your property, which they decide behind closed doors and you have very little if any say in the matter, pay it or have your property seized.

 

[NDSportsman]

Apparently, like the majority of the state , I'm not a fan of giving more power to nd.gov. and that's exactly what that vote was about. I don't trust them enough to give them full power to "figure it out" and then when they do, behind closed doors, we have to live with it. Common sense tells me ,lets see the plan before we bid the job.

You are already giving them all the power to tax you right out of your property!

 

[shorthairsrus]

Florida is not getting rid of the "majority" of the property tax ---- also know as the portion that goes to the schools.

 

[shorthairsrus]

Out of state investors who have millions will buy up every acre they can get thier hands on if they don't have to pay property tax on it

hence the primary residence credit. Dont worry those tax and spend politicians are not going to "get their hands on the tax"