Property Tax - Real Estate Question

Forum Sponsor
suzuki2000 said:
lots of bending of the system would happen. I would buy my house by components, buy the house @ x, register and pay for windows, furnace, fixtures, all seperate...

based on last registered selling price, my grandmother would be paying tax on her house @ $19,000 lol house is work just a few dollars more now, :lol:
Click to expand...

I see you've given this a lot of thought.:eek: If the system was in place when she bought the house the increases would be accounted for. If not there's a way to deal with it.:)

Buying a house by components or other trickery could easily be dealt with. Remember, the taxes raised should be based on what it costs to run the city, not whether your grammy's retarded her driveway.
 
not much thought, just an off the cuff response ;)

I think in the context of the appropriate way to tax, somebody will always feel they are getting a raw deal...

Actual value assessment runs the risk that people get outpriced from a home they purchased and valuation goes thriough the roof. Many of our seniors are priced out because they worked in a time where wages were not what they are today, in my Grandmothers case, she lives in a hme they paid under $20k for in the 60's, today, not sure what her house is valued at 3-400K?
Actual value also inhibits investment in a home, updates, creating curb appeal, as increasing value is penalized...
*all this is based on the premise that real estate will always rise mind you

Valuing on purchase price is prohibitive as people will attempt to manipulate the system, or for properties held for long temr will not keep pace with increased service costs...

I agree that we need to raise enough in taxes to cover service costs, beleive me I livwe in a proportionally high tax area, we havelittle induistry to offset the tax burden so it hits the residential taxes, do i like it...No, but I unerstand the formula...

Is there a perfect way to configure the taxes, probably not , just theory and methodology, each of which will piss of a segment of the population...If I were to have a complaint, it would be that I want value for my tax bill.
 
Last edited:
My beef comes from being taxed on home improvements which I've already paid tax on to put in in the first place. Then I'm taxed on it again year after year + compound. It doesn't smell right. On the plus side at least city workers (I hear a lot of them are unwashed) make good coin. In Hamilton, in the last 2 years, 37 department managers and other positions of authority have been fired. So at least something is being done on that front.
 
SunnY S said:
They should get an award for the sheer amount of serious defective recalls on 2014 model
Click to expand...

Struck a nerve huh? Dont worry, i am sure one day Honda might have a sports car. :-)


Maybe they can match Honda one day with recalls?!

http://m.nbcnews.com/business/honda-recalls-750-000-vehicles-airbag-defects-1B8035619

http://www.thedetroitbureau.com/2013/01/toyota-again-topped-recall-list-in-2012/

"Toyota’s various safety-related service actions involved a total of 5.3 million cars, trucks and crossovers last year, nearly half of those in a single recall involving potential vehicle fires.* That problem pushed the Japanese giant past Honda, which led the recall list in 2011 and came in second in 2012 with 3.9 million vehicles involved in such safety campaigns."
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom