Taro T Posted February 25 Posted February 25 9 hours ago, SCBills said: That clip doesn't say that there'd be no property taxes. It implies there'd be a big shift in how property taxes on single unit residential dwellings are calculated moving towards something like what CA had (still has?) where property tax rates can't increase beyond what they were when the property was purchased/the revised property tax law was enacted. So the current owner gets a set in stone tax rate and the eventual buyer would get hit with a significantly higher rate when ownership transfers. Counterintutively, that change actually seems to have been a big catalyst for CA's taxes in general to start skyrocketing. Were they to try to go to a system with no income tax AND no property tax as suggested by the tweeter's take on the proposal would have 1 question. Just how high are the sales taxes, car registration fees, motel taxes, and business registration fees going to go up to?
Roundybout Posted February 25 Posted February 25 Terrible idea. They should consider a Land Value Tax (LVT) instead. If anyone wants to talk Georgism, let me know. 1 1
wnyguy Posted February 25 Posted February 25 16 minutes ago, Roundybout said: Terrible idea. They should consider a Land Value Tax (LVT) instead. If anyone wants to talk Georgism, let me know. 1 1
T master Posted February 25 Posted February 25 5 hours ago, Roundybout said: Terrible idea. They should consider a Land Value Tax (LVT) instead. If anyone wants to talk Georgism, let me know. As long as it's a true value and not the bloated value that the realestate people have auctioned it up to be . They say the house that i bought 10 years ago for $66k is now worth over $270k, and you can't find a house of 1500 Sq ft. for under $500k unless it was built in 1930 it's ridiculous . I think if your house is paid off then you should not have to pay property tax because through out the length of the loan you pay property tax . You continue to pay other taxes on most everything else but because they over spend so much on stupid things they can never seem to get ahead of the curve . And don't get me started on Home owners ins. Scam ...
Orlando Buffalo Posted Tuesday at 03:49 PM Posted Tuesday at 03:49 PM On 2/25/2025 at 8:07 AM, Taro T said: That clip doesn't say that there'd be no property taxes. It implies there'd be a big shift in how property taxes on single unit residential dwellings are calculated moving towards something like what CA had (still has?) where property tax rates can't increase beyond what they were when the property was purchased/the revised property tax law was enacted. So the current owner gets a set in stone tax rate and the eventual buyer would get hit with a significantly higher rate when ownership transfers. Counterintutively, that change actually seems to have been a big catalyst for CA's taxes in general to start skyrocketing. Were they to try to go to a system with no income tax AND no property tax as suggested by the tweeter's take on the proposal would have 1 question. Just how high are the sales taxes, car registration fees, motel taxes, and business registration fees going to go up to? We already have the property tax cap, I still pay taxes on my house as the price when I bought it with only a 3% increase allowed per year, been in house 20 years and taxes are about $400 more per year. The increase would have to be to the sales tax, which would likely only reach NY levels at that point. I like the idea but would want further details. . 1
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