Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It won't just be a simpler system. It will be a fairer one. People on the dole will think twice before buying splashy items or they'll leave the state. It also may attract more retirees to the state, in addition to businesses.
It won't just be a simpler system. It will be a fairer one. People on the dole will think twice before buying splashy items or they'll leave the state. It also may attract more retirees to the state, in addition to businesses.
If you want a fairer system, why isn't reducing the excessive unfair taxation of rental property part of Jindal's proposal?
Property taxes are MUCH higher on rental property than on owner-occupied homes of equal value in Louisiana. The property tax disparity between rental property and owner-occupied homes is greater in Louisiana than in any other state.
I'm still waiting for someone - anyone, left or right - to justify it.
Property taxes are MUCH higher on rental property than on owner-occupied homes of equal value in Louisiana. The property tax disparity between rental property and owner-occupied homes is greater in Louisiana than in any other state.
I'm still waiting for someone - anyone, left or right - to justify it.
Its probably borne out of pragmatism. There are high rates of tax evasion for income from rented properties here in england, as much is done cash in hand. Its simply easier to administrate if you just up the property tax instead.
Its probably borne out of pragmatism. There are high rates of tax evasion for income from rented properties here in england, as much is done cash in hand. Its simply easier to administrate if you just up the property tax instead.
In the US, property taxes are usually based on a property's assessed value without consideration of rental income; i.e. if a landlord jacks up the rent $100 that does not automatically jack up the property tax.
In a minority of places, taxes ARE based on rents collected. For example, many cities and counties in Arizona have a 3% tax on top of rent, which landlords can collect as a surcharge, similar to the way consumers pay sales tax at the cash register/
Property taxes are MUCH higher on rental property than on owner-occupied homes of equal value in Louisiana. The property tax disparity between rental property and owner-occupied homes is greater in Louisiana than in any other state.
I'm still waiting for someone - anyone, left or right - to justify it.
thats because properties where the owner actually lives can be homesteaded where as rental properties are not eligible for homesteading. there are benefits to buying your home instead of renting it. get over it, life isnt fair and never will be.
High property taxes on rented places is just another way of keeping people without the money to buy from even accumlating any. Instead of savings they have to pay excess rent. This is the real meaning of "class warfare".
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Just another scam
