[DanBev]

Originally Posted by Mike Peterson

They may have been happy that the value was going up but I am sure when they bought the house they figured a certain amount for taxes. Being they wouldn't be able to apply for the homestead exemption till after the home is completed the tax figure could be quite a bit higher than originally budgeted.

Forget for a minute the fact that I am a realtor. It seems that fact influences responces to my posts more than the actual text in my post. By staying with the current system the local politicians would have continued carte blanche with our money. My county grew about 10% in population over the last 2 years. The tax revenue in that time went up 100%. If the cost to produce a loaf of bread went up 10% but the stores started charging 100% more there would be a revolt.

I listen to the people saying they are voting against it and one common theme is " Why should I care about anyone else". I hate to break it to you but it most certainly will affect you, your neighbors and your property values.
If taxes are not fixed there will be more foreclosures, more empty homes and some neighborhoods will be like ghost towns.

I guess you also will be in your current home the rest of your life. One big benefit of the new proposal, if you decide to move you would have the super exemption. Under the current system you may move to a smaller house and have double or triple the taxes dependent upon how long you had been in your current house.

Vote however you choose but I would hope that people will think about the overall benefit or consequence of the way they vote.

If you vote for the proposal you can have your SOH if you choose so you are happy and others that choose the super exemption are also happy.

If you vote against the proposal you will have your SOH so you will be happy and the others will continue paying high taxes to suppport a government gone wild.

The gov't will alway's be going wild,all they can do is spend,spend,always add programs they can't afford.Like lobbiest can't rein in .You would have to have cap like SOH.The tax structure is absurd.

[macguy]

Originally Posted by DanBev

The gov't will alway's be going wild,all they can do is spend,spend,always add programs they can't afford.Like lobbiest can't rein in .You would have to have cap like SOH.The tax structure is absurd.

Besides I believe Alabama what other states has SOH?