Words from an Ohio auditor to state. “I stand by my values as submitted and have no plans to submit a third tentative abstract raising county wide residential values to 20%.” Ohio F’n Republicans. This guy was looking for a 14% increase, wasn’t enough for the state.
> This guy was looking for a 14% increase, wasn’t enough for the state. <
And that’s a problem with property taxes. Most folks don’t take notice (at first) when property taxes are raised. And renters might not notice it all. Renters just get mad at the landlord when the rent goes up.
That’s one reason why I think some sort of sales tax would be better. A raise in the sales tax would be noticed by everyone immediately.
“Words from an Ohio auditor to state. ‘I stand by my values as submitted and have no plans to submit a third tentative abstract raising county wide residential values to 20%.’ Ohio F’n Republicans. This guy was looking for a 14% increase, wasn’t enough for the state.”
In theory, property tax assessments are supposed to be based on arms length transactions between buyers and sellers, but the Federal Reserve is lending a “helping hand” via low interest rates.
By handing a $5,000 annual mortgage interest rate discount to the family who just recently bought a house down the street, the Federal Reserve is forcing the rest of the street’s home owners to pay $10,000 more in property tax annually.
That’s a scam.