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The next shock for homeowners: Surging property tax assessments
Money watch ^ | 5/20/22 | Aimee Picchi

Posted on 05/20/2022 10:34:05 AM PDT by hardspunned

Anne Van Donsel said she didn't quite believe it when her hometown of Burlington, Vermont, last year sent her a new property tax assessment stating that the value of her home had doubled — raising her property taxes by 20%. Her property taxes jumped to about $12,000 a year, up from $10,000, a bump she said is adding to the financial strain as inflation pushes up the cost of food and other necessities. While Van Donsel appealed the assessment, she was given only a small reduction in the value of her home, which didn't make a dent in her new tax bill.

(Excerpt) Read more at apple.news ...


TOPICS: Government
KEYWORDS: propertytax
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By the time we get through this recession/depression home ownership rates will have taken a serious hit.
1 posted on 05/20/2022 10:34:05 AM PDT by hardspunned
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To: hardspunned

Oh, I knew that was coming. And I live in a Dem city.


2 posted on 05/20/2022 10:35:36 AM PDT by moovova
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To: hardspunned

in the USA, government ALWAYS comes first.


3 posted on 05/20/2022 10:37:11 AM PDT by PGR88
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To: hardspunned

Oh, it’s going to take a whole lot of pain before the masses notice. For their sake, I hope they notice before it’s too late. I seriously doubt they will.


4 posted on 05/20/2022 10:38:16 AM PDT by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: hardspunned
When I see someone complaining about $12K property tax, the first 3 words to come to mind are:

Sweet Home Alabama

5 posted on 05/20/2022 10:39:52 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: hardspunned

For those thinking of retirement a major financial consideration must be the property tax bill.

If you have paid off your mortgage and car(s) this will be your largest bill.


6 posted on 05/20/2022 10:39:59 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: hardspunned

Beware of Texas as a retirement option. Between confiscatory property taxes and a sales tax north of 8%, the state is not a “country for old men”...or old women either. As an aside, I had the 2022 valuation on some rural property I own go up 146%.


7 posted on 05/20/2022 10:40:02 AM PDT by yetidog
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To: PGR88

Feed the wasteful machine. They work on OPM


8 posted on 05/20/2022 10:40:10 AM PDT by ncfool (Joe Biden USSA.. United Socialist state of aMeriKa...... 11.3.2020 - President in waiting Kama-la-la)
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To: hardspunned

California proposition 13 protects homeowners from this problem. Every state should enact comparable homeowner protection.


9 posted on 05/20/2022 10:40:37 AM PDT by TheDon (Resist the usurpers)
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To: PGR88

Due to the increase in prices, government coffers will be growing. Example, a new grain hopper trailer went from $54,000 to $74,000.
The Federal Excise tax on that new purchase is 12% of the cost.
So, Federal Revenue on that purchase went from $6480.00 to $8880.00. Still think DC wants to do anything about inflation?


10 posted on 05/20/2022 10:41:08 AM PDT by griswold3 (When chaos serves the State, the State will encourage chaos.)
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To: brownsfan

“Oh, it’s going to take a whole lot of pain before the masses notice. “

I think they are noticing. But who do they blame? Many get their news and opinions from the MSM and leftist sources.


11 posted on 05/20/2022 10:42:53 AM PDT by plain talk
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To: hardspunned

I have a modest 1950s rambler and my property taxes topped $6,000 this year, $500 a month. The county executive is proposing a tax hike for next year in order to preserve “open space” in the county. So more property will be off-limits to development even as the population in the area has been skyrocketing. The result will be more high-density housing, further pressure on the single family home market, and still higher taxes.


12 posted on 05/20/2022 10:43:10 AM PDT by Steve_Seattle
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To: PGR88

“in the USA, government ALWAYS comes first.”

Name a country where this isn’t true.


13 posted on 05/20/2022 10:43:16 AM PDT by MercyFlush (☭☭☭ The Soviet Empire is right now doing a dead cat bounce. ☭☭☭)
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To: hardspunned

If you own your property as a sovereign freeman or freewoman allodially, by definition you cannot be beholden to ANY superior, thus no property tax or fee can be held on YOUR property.

Most of us, probably 99.9% of us, have color of title to our property. Color of title is NOT allodial, the state has the allodial title, while we are left with a deed of X, or title of X, a lesser form of title. For example, the allodial title to an automobile is at our state registry - the so-called MCS or MCO.

One can shed the color of title and go allodial - in the case of land property, that means establishing a land patent for it.

The process can and has been done by some... a few public cases you may have heard of, where the would-be free man/woman gets in trouble. But, many others that understood the process and do it properly get out from the chains of being a corporate citizen to the UNITED STATES, or of its many subsidiaries - State of X, Town/City of Y.


14 posted on 05/20/2022 10:43:20 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: moovova

Me too...for the first time in the history of cars, my 3 year old car (with 30k miles in it) is worth more than what I paid the dealer...so they can up my taxes...A-holes!


15 posted on 05/20/2022 10:44:35 AM PDT by gr8eman (Qui non laborat, non manducet)
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To: hardspunned

Yep.


16 posted on 05/20/2022 10:45:06 AM PDT by rrrod (6)
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To: hardspunned

already done where i live.


17 posted on 05/20/2022 10:45:12 AM PDT by ronniesgal (is it safe?)
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To: plain talk

“I think they are noticing. But who do they blame?”

Yes, you’re right. Many Americans are so dull that they take what the msm says as pure fact. Eventually, it will get bad enough, and the propaganda won’t fit the reality, a good number of people will come out of the stupor. See my tagline.


18 posted on 05/20/2022 10:45:40 AM PDT by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: brownsfan

I agree...what will it take?


19 posted on 05/20/2022 10:45:58 AM PDT by rrrod (6)
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To: yetidog

and if the housing market crashes and the value of the that property declines, surely your property taxes will decline accordingly, right?


20 posted on 05/20/2022 10:48:12 AM PDT by millenial4freedom (We are literally paying politicians, many of whom weren't dutifully elected, to worsen our lives!)
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