Hey now, those high school football stadiums just don't build themselves.
Posted on 01/12/2014 2:01:19 PM PST by 2ndDivisionVet
When golfer Phil Mickelson hinted last January that he might leave California because of a big jump in his federal and state tax rates, it was met with such venom that he later apologized, saying it was insensitive to state his opinion publicly when people are living paycheck to paycheck.
Mickelson still lives in California, but other wealthy people say they have moved out mainly or partly because of skyrocketing tax rates. Whether you sympathize or not, millionaires' migrating out of California has serious consequences to the state's bottom line and is something state leaders are watching closely.
In 2011, the top 1 percent of tax returns accounted for 41 percent of the state's personal income tax revenues, and that was before Proposition 30 raised rates on the rich. Meanwhile, about half of California adults paid no state income tax that year, according to an estimate from the state Finance Department.
Bryan Goldberg, who founded the Bleacher Report sports website and sold it to Turner Broadcasting for about $200 million in mid-2012, is moving his primary residence from San Francisco to New York this year. A major reason, he says, is Prop. 30 and the way it was applied retroactively.
Taxes in New York City, where he has started a new website, Bustle.com, are also high. Goldberg says his exodus "was more about creating a statement than it was about maximizing my personal income."(continued)
(Excerpt) Read more at sfgate.com ...
No way I’d live in the people’s republic of New York. And no way I’d live within new Moscow aka New York City. Especially with the new Stalin there.
You’re lucky. I’m in a small older house in a mid to lower income neighborhood and am paying more than your grand total in school taxes alone.
Hey now, those high school football stadiums just don't build themselves.
It’s also been raised $500/yr for the past several years.
The facility was build with bonds, not tax dollars.
......I do fight em every year. Hopefully, this might help you some. Your Tax Appraisal comes to you in regular mail. I “think” by law they have to be to you by April 1 of each year. Then you have a very short time to file a protest with EVERYTHING being at the State’s convenience, not yours. Last year I was able to reduce my taxes about 800 bucks due to their “way too high” appraisal.
So, along with myself, be on the lookout for your appraisal in a few weeks!
Neither do HS baseball fields. The brand new million dollar one underconstruction was nearly completed but one day they decided to tear it down and started over. How complicated are a few stands and grass? Never did get an explaination for that and don’t know how much the final cost was but hey! it’s free money, right?
I’ve paid taxes on hundreds of living units in my entire life (past 4 decades). Your situation “sounds” like they are over-appraising you.
If I were you, I would check comps in that neighborhood. I would bet the recent sales are down and you are being over-charged. If I am right, it is easy to get them reduced. You just show documents proving lower sales to an admin person and they will reduce your taxes without even a hearing, in most cases.
Texans “enjoy” an exemption for having a homestead and then if you are over 65 you receive another exemption and most of your tax rates are frozen. But the assessors have come up with another ploy - simply raise the assessed value of the property. In my case it has been almost $15,000 the last two years. There was sufficient money in the rainy day fund to reimburse property owners this past year but like true politicians, our Republican majority decided to spend the money elsewhere. A lot of it went to public schools. Just pure B.S.
The facility was build with bonds, not tax dollars.
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True, but how do those entities secure the money to pay the interest and bond maturity? True some may come from a service provide such as water, sewage, etc.
BTDT. Nope, the whole area is over appraised.
people who don’t pay income tax should not be allowed to vote (except for those who live off investments)
Having migrated to Texas from Connecticut, I can verify that the property tax I pay is less than half of what I paid to that corrupt “Constitution State” - what a joke. And along with no state income tax, I am saving at least $400 a month to live in a nicer house with like-minded neighbors.
The only way to save California is to let it go bankrupt.
It has to go into legal bankruptcy in order break the endless union contracts and pensions that are killing the state. Between the unions and their pensions and illegal’s benefits there is no escape short of bankruptcy.
Umm...not exactly La Raza country where I am.
Nice try. You pay the property tax second hand.
See my #26.
I'm quite familiar with southern NH...the Nashua/Salem area,which is the part closest to Boston.The reason that *I* will consider this area is because it's very close to where my family lives and where I've lived my entire life.However,I'd encourage you to not be *too* optimistic about the area.New Hampshire,surrounded by three of the filthiest,most Marxist states in the country,is fast trending deep blue (mean deep *red*...Marxist).It seems to me that their low tax policy is bound to change....perhaps even sooner rather than later.
Oh the kids who play in the stadium get to pay for when they grow up. Well
played! Somebody pays the onterest on the bonds.
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