Posted on 06/11/2024 6:49:09 AM PDT by where's_the_Outrage?
A senior from Montana has delivered a viral speech about the sorry state of property taxes in the Treasure State.
“I’m on Social Security, I’m 68-years-old and working just to pay my taxes,” says Kurt, in a clip shared on TikTok by Ryan Busse, who is running to be the next governor of Montana.
Kurt claims that over the last couple of years, his annual property taxes have soared from $895 to almost $8,000 — an increase of around 790% — which he says is like paying almost “$700 a month rent to the state to live in our own house.” The state has an Elderly Homeowner/Renter Tax Credit, and the maximum credit is $1,150.
“There needs to be a moratorium on what we have to pay,” he says, adding that he’s had to continue working into what should be his retirement golden years to cover his mounting property costs. “I’m stubborn enough [that] I don’t want to dig into my bank account to pay them.”
(Excerpt) Read more at msn.com ...
Another as in this case is you plan for retirement then the government is unrestrained in upping the anti with these tax increases. However, if seniors are exempted from future tax increases they can then vote for tax increases because it doesn't affect them.
Furthermore, if you don't have skin in the game you should have a say which means non property owners should not have a say to increase property taxes.
The gummit wants you out of your home.
It’s always interesting to talk to other ‘property owners’ who feel they do actually ‘own’ their home. I tell them to stop paying their taxes if they want to find out who REALLY owns it. Gives folks cause for pause.
Property taxes should be capped at 1% increases annually.
Property taxes are wealth taxes.
There have been discussions about whether governments are going to impose wealth taxes on us. Everybody who pays property taxes is paying a wealth tax. We already have a type of wealth tax in this country.
Real estate taxation is usually local, not state. Is it different in Montana?
nb. Betcha the root cause is rich Californian moving in and wanting all the expensive services and infrastructure that ruined where they came from.
“basically making you a renter from the government”
yep-
I saw the same thing happen.
$50K property, $1,000 yr taxes.
15 years later, ~$400K and $8,000 yr taxes.
CA prop 13 is the way to go.
We rent the property we bought.
Owning property is nice if taxes don’t eat it up. In too many instances though taxes will eat up the property ownership value.
I can see this old geezer maybe confused. Could be this is an escrow account with his lender.
Could be part taxes and part insurance.
Insurance rates are skyrocketing everywhere but it is unlikely that 700% is all taxes.
Social Security and retirement account income should be tax exempt income.
Seniors should be exempt from property taxes.
The entire system is no longer working for most people. Many will never afford a home, many can’t afford to keep the ones they have, gong to the grocery store is a brutal economic kick in the balls, our nation has become overrun with third worlders, etc….. we are in the very last days of this system that has long been dependent on confidence in a fake fiat dollar, which is now long gone….what’s next is the question.
The Government owns your home. You rent from the politicians and bureaucrats, to their advantage.
Arkansas does not increase property tax when you hit 65, unless you move.
We saw this in California.
Someone would buy a house on the coast in the 1940s or 50s and do the commute and inconvenience of living away from the heart of town and eventually pay it off and retire and then property taxes become so high 25-35 years later that their old pensions and retirement couldn’t keep up with the massive payments.
I saw a lot of old people in dire situations in places like La Jolla, Prop 13 helped.
Election Day on April 16th?
Good idea.
The problem of states jacking up property tax rates and forcing seniors out of their homes has been around a long time. In 1978, California voters approved Proposition 13 which sets your initial property tax at 1% of your purchase price. The tax can go up a maximum of 2% per year thereafter.
I’ve always been surprised that CA Prop 13 did not ignite similar restrictions in many other states.
For a while, the restricted cash flow to county coffers helped control the size of government. But the counties soon discovered they could raise sales taxes from 3% in 1978 to 9%-10% today. At least as a senior you don’t need to buy a lot of taxable stuff so you can control the sales tax you pay.
A 10% sales tax is outrageous.
Big government liberals have been salivating to end Prop 13 since the day it was passed.
In Montana, Kurt will soon be an ex-property owner if he continues his one-man tax rebellion. He needs to get a third or half of the property owners to join him. Tax revolts like that were common in the 1930s.
Property taxes need to be banned. Completely.
They make a mockery of property rights.
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