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To: Ahban
A. Why 3 years?
B. Tough.
C. Did you ever hear of a bond?
D. When times get fat, you think they'll lower the tax? Sucker.
19 posted on 11/01/2003 8:03:35 AM PST by Leisler
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To: Leisler
Your A and C may deserve a response.

Its three years because the first year in the new family assess, but does not pay. At the end of the second year, they pay for the previous year. The state gets the money and then eventually sends it down to the locals. The locals then can begin construction on new classrooms (for example).

I have heard of bonds, but I don't like government going into debt (a promise to tax in the future) any more than I like taxes. As long as the families are going to the bank for a loan on the home anyway, why not front the property taxes for the first few years on new constrution? That way, the school can save on the costs of the bond issue, where the bankers and brokers get fat. There is some fat we can cut right there.

Note I am only suggesting this for areas where there is high growth and a long delay in collection. Except for who carries the interest, it is not a tax increase. For three years that family pays no property tax. Heck, I wish there was a window where after a set period you paid no more propery tax for as long as you owned the property, maybe 7-10 years.
46 posted on 11/01/2003 9:31:18 AM PST by Ahban
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