Property Tax Credit

[Obi-Wan]

They’ve raised the valuation on my house in the country 85+k since 2022 sooooooo….

If prior it was a $ 200,000 house that is now worth $ 285,000 in 3 yrs that is a 15% avg UNREALIZED GAIN on investment per year, you should be jumping for joy instead of sulking, at least that is what the TAX ME HARDER CROWD says.

 

[Pheasant 54]

i was wrong we only got 475 dollars not the full 500.00 tax credit. Wife made a couple phone calls and nobody can tell her why not the full 500.00, one lady said its because we paid early and saved that way???

I paid early and got the full 500. So they are blowing smoke somewhere.

 

[Allen]

I paid early and got the full 500. So they are blowing smoke somewhere.

Right, there's a discount for paying early, not a penalty.

 

[Wall-eyes]

Just got my statement very nice of them to give me $500 than up my value $145,000 I am just so happy.

 

[Sluggo]

It’s OK because it was a poorly written measure.

 

[Obi-Wan]

Just got my statement very nice of them to give me $500 than up my value $145,000 I am just so happy.

the proper response is " Thank you sir may I have another "

 

[lunkerslayer]

Interesting read on property taxes
https://www.zerohedge.com/economics/why-property-tax-illegal

 

[Trip McNeely]

Ive said it since day 1. Taxing an arbitrary number which is assigned to property based on a valuation is unconstitutional. It is a tax on an unrealized gain. By definition it is illegal what they are doing and have been for years. This is exactly the intent of the measure some of you carrot heads voted down. It was vague because it was written with the constitution in mind not to come up with another solution. The solution was up to each subdivision to decide in their own within the parameters of the constitution.

 

[Allen]

Now all you need is an attorney willing to take on your case.

 

[Fester]

Ive said it since day 1. Taxing an arbitrary number which is assigned to property based on a valuation is unconstitutional. It is a tax on an unrealized gain. By definition it is illegal what they are doing and have been for years. This is exactly the intent of the measure some of you carrot heads voted down. It was vague because it was written with the constitution in mind not to come up with another solution. The solution was up to each subdivision to decide in their own within the parameters of the constitution.

Wait what..you mean they can alter it according to how the PEOPLE in each area wanted? Wow hmm sounds a little freeing....unlike the communism we currently have..oh thats right some people like communism.....

 

[riverview]

I have houses in 3 different counties and its stupid the difference in the taxation.

 

[jr2280]

I have houses in 3 different counties and its stupid the difference in the taxation.

Absolutely. A few sections of land and a farm in one county is just a hair more than a spec house on 1/3 of an acre in another. It’s sickening.

 

[Allen]

I don't know many of us would really like the free-market restrictions suggested by some of the posters on this thread. Rule #1 in real estate is to invest in a piece of property that is more likely to appreciate in value than something else in the area. In reality, it sounds like some are pissed that they chose wisely. This boggles the mind.

 

[SupressYourself]

No one is pissed that their property is appreciating. We're pissed that some .gov tool gets to arbitrarily decide how much, and then slaps us with a tax on that unrealized gain.

 

[riverview]

Absolutely. A few sections of land and a farm in one county is just a hair more than a spec house on 1/3 of an acre in another. It’s sickening.

not even close, 2 are on 3 acres and one is on 1/2 acre. my point is there isnt any set format for setting the prices on what they are worth. and if i was a farmer i wouldn't be paying property tax on my main home.