must be an honest man, a RAT would of acquired enough income through illegal gains to pay the taxes...
Posted on 08/22/2013 2:39:20 AM PDT by lowbridge
Mayor James "Sonny" McCullough has a great house to sell you: his.
"I can't afford the taxes," McCullough explained.
McCullough said he has been taxed out of his home by the local rates and by last year's township-wide revaluation, which caused his property taxes to shoot up nearly 60 percent, to $31,056.
"It's more than what I can afford," McCullough said. "It's kind of disappointing. I thought I would be able to live and die in my home, but it's gotten to the point where it's gotten up so high."
McCullough, 71, has lived in the township's Seaview Harbor section since 1974, when he and his wife, Georgene, moved out of Atlantic City's Chelsea Heights neighborhood. They moved another 500 feet in 1985 when they bought land and built their current home for $360,000.
Last year's reassessment said that home was worth slightly more than $1.1 million.
The McCulloughs are not the only people who have elected to vote with their feet. Real estate sales records show no Seaview Harbor properties traded hands in 2012.
Now? Five are on the market, for the average price of $1.3 million.
(Excerpt) Read more at pressofatlanticcity.com ...
You have hit on a key issue......school taxes.
Stop and think: You live in a community for 75 years and if you have a child he/she will attend school for only 12 years.
Is it right to pay for their schooling ONLY while you use the services of the school district or should you pay another 63 years to pay for everyone else’s 12 education?
There ought to be a drive for all citizens to pay for the services they use from the community and that includes schooling of YOUR CHILD...NOT EVERYONE ELSE’S.
The school tax is the largest and most wasteful organization in our communities and it has to be tamed down and also only paid for by those who use it and while they use it.
Then, the system will have to adapt and become efficient.
NJ is legend for high property taxes. My uncle at 85 was forced out of his home too, his SS and meager pension did not cover his home costs to such an extent his son was paying most of them for him. He was paying each quarter what I was paying in NE florida each year for homes of equal value. Plus there is an income tax there.
One has to wonder where does all the money go? Each county is responsible for its welfare, not the state. Schools are locally funded too (they generally eat up about 50% of a combined RE Tax Bill). Rood tolls everywhere too. So, aside from keeping Christie in doughnuts, where does the rest go??
“Home like mine rent for around $1500 a month, so I figure I earn $1500 a month tax free.”
Remember when Clinton was toying with the idea of proposing the concept of “imputed income” for those who owned their homes? I did, immediately bought more guns and ammo.
Same thing happened to the mayor in Deltona Florida.
My buddy in Ga said that when he turned 65 I believe and had no kids in school, he has not been assessed the school taxes. Is that correct for Ga. The subject came up when I asked him why he stayin in Ga with an income tax when he could avoid an income tax by moving back to Fl.
I have my 2013 county real estate tax statement in front of me. It came in the mail a few days ago.
69.1% of the amount is school taxes. They helpfully have the percentage on the statement.
Did I mention that my county’s schools are in danger of losing accreditation due to massive incompetence? That would do wonders for property values.
While my bill is a fraction of this guy’s bill, and I probably have a nicer house, the trajectory on the taxes overall hasn’t been good.
It goes into the pockets of the buddys of those in office.
It also goes to outlandish pensions and gov’t benefits.
Most of the money that gov’t spends on social programs (which would otherwise be handled by charities) goes to pay for the gov’t employees running those programs.
Charities try to limit the overhead to 20%, meaning 80% goes to the folks they help. Gov’t is the reverse of that. I think I read a GAO report somewhere indicating govt overhead of welfare type programs was actually over 90%.
Unless my calculations are incorrect, that’s $2.82 per $100 of property value.
Wow!
And here I was thinking that the $0.70 per $100 I’m paying in Virginia was too high.
must be an honest man, a RAT would of acquired enough income through illegal gains to pay the taxes...
We’ve had a significant “Yankee Invasion” in Virginia also.
Schools .......... How many teachers do you know that can not afford to have a winter home/rental in Florida after they retire?
Not many. My next door neighbor and former DC suburb teacher has two homes, one here on Amelia Island and one up in North Carolina, Both are sans Mtg.
Even better, I met a guy who was the vice principal in the town in NJ were my uncle had to leave from as he could not pay the taxes. That guy had a home on Jekyll Island, ga, a summer place in the Pocono Mtns, and his regular home in New Jersey...all on a government salary and pension. He was moaning he “lost” money on his NJ home when prices crumbled but when they come back to where they were, he will sell. Unbelievable.
You don’t really own anything anyway.
The Government allows you to think you do.
You cannot put on a new roof without a permit you cannot build a deck without a permit , you cannot cut down a tree without a permit.
I live in Maryland in what they call a critical area.
The Government graciously allows me to live here as long as I pay.
Funny about the accreditation. My social organization has two exchange students here from south america and europe. Both are not fluent in English but get by. When asked how school was for them here compared to where they are from they both said far easier; their lack of language skills will not daunt them a bit. Allegedly we have one of the better school systems in the state to boot. Can one say third world, here we come?
You cannot drive a car without a license or put it on the road with out a registration. Boat, need license. Job, pay taxes by withholding. Health care, I’ll keep it civil. Speak on phone or use internet, monitored. Commercial fly, pay tax and be searched. Buy wine or beer, pay excise tax. on and on.
Only places with no oversight: voting booth and border entry.
Not so sure about voting booth any more.
Not even sure they are not rigged to elect their own politicians.
I hear you loud and clear. I know a few women (ironically enough) that have never been married, never had kids and are about 60. They have been paying school taxes this entire time and while they are indoctrinated into doing so I view their situation as nothing less than indentured servitude by extension of their homes.
Depending on which town you live in you stop paying the school portion of your property taxes when you turn 62 to 65. In my town it's 65, in Roswell it's 62. I don't know if every county in Georgia does this but most do. It turns into a huge tax break so your friend is correct.
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