Property taxes

[eyexer]

And that’s 2024. Mine have gone up 40% since

 

[Traxion]

Gotta ask it again. I get that property taxes suck and you never own something. I also understand it funds a large chunk of our state’s government. Even cutting to the barest bones, let’s say we are still going to need to replace 70% of those dollars in some other tax. What is a reasonably fair taxation system to replace property taxes?

SD just passed a reduction effort that can be applied per county. The reduction in taxes is done by a half cent replacement sales tax. So I’m now paying it back, just in a different way. And the college kid and single mom in an apartment are now paying more for everything, including the property taxes burden of others, though they own nothing. I struggle to decide whether that is fair or not.

I personally believe any push to abolish property taxes will result in an income tax. It won’t be sales tax, it’ll be income because there is more stability in that tax base. Maybe it’s pick your poison, but if you’re being realistic you know dollars will have to be paid. It’s just where it feels best to pay them from.

 

[eyexer]

Gotta ask it again. I get that property taxes suck and you never own something. I also understand it funds a large chunk of our state’s government. Even cutting to the barest bones, let’s say we are still going to need to replace 70% of those dollars in some other tax. What is a reasonably fair taxation system to replace property taxes?

SD just passed a reduction effort that can be applied per county. The reduction in taxes is done by a half cent replacement sales tax. So I’m now paying it back, just in a different way. And the college kid and single mom in an apartment are now paying more for everything, including the property taxes burden of others, though they own nothing. I struggle to decide whether that is fair or not.

I personally believe any push to abolish property taxes will result in an income tax. It won’t be sales tax, it’ll be income because there is more stability in that tax base. Maybe it’s pick your poison, but if you’re being realistic you know dollars will have to be paid. It’s just where it feels best to pay them from.

Are you these people that rent don’t use any services that property taxes provide?

 

[eyexer]

Property taxes are also an income tax. those with the highest income buy the highest priced houses therefore pay the highest property taxes. It shouldn’t be that way. if they insist on property taxes you get charged by the square foot regardless what your house is worth or where you live in this state.

 

[Traxion]

Are you these people that rent don’t use any services that property taxes provide?

They pay the property tax thru their rent, thus funding those services. Now I’m asking them to pay part of mine through a sales tax? That’s my hang up. Their rent sure as hell isn’t going down because the owner gets a tax break.

We can argue inequality all day between property owners and renters. We can argue value versus sf all day too. Ultimately, there will be arguments no matter the system. If I have to say, do an income tax. That way when you retire, you can at least stay in the house you own. You pay on income however it’s structured, but the house is clear.

We’re never going to eliminate taxes. We need to minimize spending, quit bitching about every pothole, and come to agree on what it takes to provide basic services. But doubt it will ever happen.