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<blockquote data-quote="Bacon" data-source="post: 430675" data-attributes="member: 666"><p>Easy solution. Freeze the tax evaluation at what you paid for the property. If you want to buy a $600,000 house then you can pay taxes on that. Why should some elderly people pay a tax evaluation on a property they have bought and paid for that was purchased for $80,000 and now some pointy head says it’s worth $300,000 so they pay tax on that. It’s stupid. If there is a short fall in revenue, the govt can tighten there belts instead of coming up with pet projects no one wants. I know it’s wishful thinking but a normal business has to cut spending when the income is short. Why is govt different.</p></blockquote><p></p>
[QUOTE="Bacon, post: 430675, member: 666"] Easy solution. Freeze the tax evaluation at what you paid for the property. If you want to buy a $600,000 house then you can pay taxes on that. Why should some elderly people pay a tax evaluation on a property they have bought and paid for that was purchased for $80,000 and now some pointy head says it’s worth $300,000 so they pay tax on that. It’s stupid. If there is a short fall in revenue, the govt can tighten there belts instead of coming up with pet projects no one wants. I know it’s wishful thinking but a normal business has to cut spending when the income is short. Why is govt different. [/QUOTE]
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