“In my state the elederly can NEVER have their property taxes raise EVER... they are fixed at whatever they were when they turned 65. Quirks like this for certain “special” groups are contributing greatly to the problem.
This is the kind of nonsense that needs to end. Why should the elderly only a fraction of what everyone else is paying in property taxes?”
OK, I’ll bite.
On the one hand, we want retirees to accept a lower level of income. They are probably going to HAVE TO accept a lower level of income. This includes ordinary (non-public-employee) retirees (who live on Social Security, perhaps with a little savings) as well.
All well and good.
But then, you expect these same people — whose income is being reduced — to pay MORE each year in property taxes?
Let me ask a simple (and admittedly stupid question) - and I’m going to say quite frankly that I don’t expect a direct answer from you in return:
Where do you suggest these older folks (many who are past being able to work again) to get the money?
Just askin’...
second, I expect them to get the money from the same place that a young couple just starting out has to get it from to pay their mortgage and property taxes that are now much higher than they would otherwise be because they are having to subsidize the property taxes of those much wealthier than them that had their whole lives to work and save.