It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The reason the same tax rate is producing less revenue is because property values have been falling in the weak economy. So if the city keeps the $7.82 rate, property owners could see a drop in their city tax bills.
For that reason, the council tentatively set the rate at $8.50, meaning property owners would pay that amount for every $1,000 in taxable property.
For example, someone living in house assessed at $150,000 with $50,000 homestead exemptions, would pay $850 in municipal property taxes. That doesn't include other government taxes, like those paid to the county or the School District.
Originally posted by Jessicamsa
www.theledger.com...
The reason the same tax rate is producing less revenue is because property values have been falling in the weak economy. So if the city keeps the $7.82 rate, property owners could see a drop in their city tax bills.
For that reason, the council tentatively set the rate at $8.50, meaning property owners would pay that amount for every $1,000 in taxable property.
For example, someone living in house assessed at $150,000 with $50,000 homestead exemptions, would pay $850 in municipal property taxes. That doesn't include other government taxes, like those paid to the county or the School District.
So, we have a weak economy. Many say we are in a recession. Some say we are in a depression. So, what do some localities do? They look at ways to raise taxes.
Florida is one of the worst hit places for this economic downturn. It takes quite madness or boldness (depending upon your perception) to come out with the idea of raising taxes in a failing economy.
Originally posted by Carseller4
If you want to put a stop to something tax it. Isn't that the excuse liberals give for raising taxes on tobacco? If we tax it less people will use tobacco?
Well if you raise taxes on property, can't they be said to be against property ownership and want less people to own property?
Originally posted by endisnighe
What the LIAR politicians fail to say, is that THEY do not reassess property values lower. Never have, never will.
I called my cities tax assessment office and asked if they were going to reassess the property values now that the values have decreased. There answer, WHAT?
Politicians LIE, it is almost a prerequisite. Hell, look at the biggest liar out there, they usually become president.
Originally posted by elfie
Losing the homestead credits due to lower appraisals during a time that tax rates are rising is a big problem. The homestead credits help enormously. It's a double whammy.
Originally posted by endisnighe
reply to post by rocketman70433
Thanks for that, I am going to give the guy on the assessors list a call tomorrow. Ask if we could get a reassessment of the property.
Thanks again.
You seem to pretty knowledgable on the property taxes. Myself very weak subject. Do you know if any of the states allow allodial title anymore? I have tried to research that, but it is like chasing a ghost.
[edit on 8/2/2010 by endisnighe]