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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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To: hardspunned

Gee, I thought Bernie Sanders’ Vermont was as close to paradise as one could get.

Most states these days have limits on how much they can raise the value of someone’s home.

Apparently, Vermont does not.


21 posted on 05/20/2022 10:48:49 AM PDT by Presbyterian Reporter
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To: yetidog

“Beware of Texas as a retirement option.”

We were considering retiring to Texas and decided not to do so.

The main risk that I saw was that an ongoing flood of illegal immigrants and public services given to those folks would explode property taxes.

It is a risk—not a certainty—but it was not a risk we were willing to take.


22 posted on 05/20/2022 10:49:01 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

Someone has to pay to educate and feed (at school) all those illegal interlopers coming across the border.


23 posted on 05/20/2022 10:49:04 AM PDT by farmguy
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To: hardspunned

Corporations will buy up all the foreclosed property. You will own nothing and you WILL be happy.

Out-of-towners are moving into our rural county and buying up everything that is for sale—and paying cash so they don’t have to worry about those bank appraisals. Locals are being priced out of everything! Our property taxes are going to double here as well.


24 posted on 05/20/2022 10:49:27 AM PDT by CFW
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To: hardspunned
By the time we get through this recession/depression home ownership rates will have taken a serious hit.

I support the 90% Plan.

If they assess your home for so much, you should have the option of handing them the keys for 90% of their valuation.

It will never happen...

25 posted on 05/20/2022 10:49:51 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: farmguy

They’re a comparative pittance.

Public sector salaries, pensions, and cadillac health bennies cost us all far, far more.


26 posted on 05/20/2022 10:50:30 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: rrrod

“I agree...what will it take?”

A breakdown. When people can no longer post pictures of their food on the internet because:
A - They can’t afford internet access
B - They have no food

That’s when change happens. That’s why Dems want the constant give aways. Keeping the people poor is ok, but when the people get so poor their life is in danger, things happen.


27 posted on 05/20/2022 10:50:52 AM PDT by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: hardspunned

Apparently the tax base in Cochise County is growing, because my property taxes actually go down next year.


28 posted on 05/20/2022 10:51:09 AM PDT by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR)
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To: TheDon

“California proposition 13 protects homeowners from this problem.”

Indeed. If not for Prop 13, probably half the homeowners I know in the Bay Area would have to sell their houses and move. I’m talking about people paying $1,000-$7,000/year under Prop 13 but instead of the $25,000 to $36,000 they’d be paying on 1.2% of market value.


29 posted on 05/20/2022 10:53:43 AM PDT by irishjuggler
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To: TheDon
There is no need for a statewide initiative such as Prop 13. Individual cities can decide to implement local property tax limitations. Why should property tax be set at the state level?

In Cali we used to have conservative mayors make good governor candidates by running their cities better than lib dem mayors. Now all cities are pretty much run the same and there is no conservative bench from which to get good candidates.

30 posted on 05/20/2022 10:54:07 AM PDT by who_would_fardels_bear (This is not a tagline.)
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To: irishjuggler
In Colorado, where there is no Prop 13, my republican city council lowered the mill levy to offset the appreciation so that homeowners weren't stuck with higher bills. Other lib dem run cities didn't.

What is conservative about statewide initiatives (introduced in Cali by the Progressives at the time) that impose statewide mandates over local issues?

31 posted on 05/20/2022 11:00:23 AM PDT by who_would_fardels_bear (This is not a tagline.)
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To: hardspunned

Here in Florida, my wife and I own two residences, a primary home and vacation condo and the combined property taxes are not close to $10,000/year, at one time we owned a 3rd property an office condo where my wife ran her business from, and the combined property taxes never were over $10,000/year.

The Florida Constitution limits property taxes on your primary homestead to a maximum increase of 3% per year.

Combined with no state income taxes, now you know why people move to Florida.


32 posted on 05/20/2022 11:00:28 AM PDT by srmanuel
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To: hardspunned

Normally they reduce the mil rate but they still make a killing off the increase.


33 posted on 05/20/2022 11:03:29 AM PDT by alternatives? (The only reason to have an army is to defend your borders.)
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To: who_would_fardels_bear

Prop 13 was a taxpayer revolt in California to guarantee homeowners statewide that they wouldn’t be crushed by ever-rising property taxes. It’s nice that you can rely on the largesse of on your local Republican city council. Not all of us are so fortunate.


34 posted on 05/20/2022 11:03:43 AM PDT by irishjuggler
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To: hardspunned

Next? Been going on here in Texas for some time now.


35 posted on 05/20/2022 11:04:07 AM PDT by Dusty Road (")
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To: hardspunned

California has one thing right - Prop 13.

It limits property taxes. Home paid for, nice neighborhood, 3 bedroom 2 baths - $1,300 property tax.

Now when the home is sold the property tax will be set at the value of the home when sold.

If it was not for Prop 13 I would be able to afford to live here.


36 posted on 05/20/2022 11:06:20 AM PDT by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: C210N
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.

Good luck with that.

37 posted on 05/20/2022 11:07:01 AM PDT by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
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To: irishjuggler

So you’re okay with mob rule when the mob agrees with you. Got it.


38 posted on 05/20/2022 11:08:57 AM PDT by who_would_fardels_bear (This is not a tagline.)
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To: yetidog

Exactly why I picked AZ over TX.


39 posted on 05/20/2022 11:09:36 AM PDT by Jonny7797
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To: yetidog

Exactly why I picked AZ over TX.


40 posted on 05/20/2022 11:09:38 AM PDT by Jonny7797
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