Taxation

[marmac]

Originally Posted by jtur88

I just got through selling an old car, for one dollar, becaused it needs repairs which the buyer can do, and I don't feel right accepting money for it. Apparently, in this state, a sales tax will be payable on the car according to Blue Book value. That made me think of what I believe ought to be a constitutional amendment. Namely:

"A tax assessment on property constitutes an offer by the state to buy it at that price." The owner of the property should be able to force the state to buy the vehicle for the amount of money the state says it is worth.

If I buy a totalled '08 Lexus and intend to put it in my barn and do all the repair work on it, I should not have to pay thousands of dollars in sales tax on a vehicle that has zero value as is.

Same goes for a house. If the tax assessor comes around and says my house is worth $200,000, I can say "sold" and ask for a check for $200,000, unless the assessor is willing to reconsider the value of the property and reduce what he says is the value. If the state wants to declare value, they should put their money where their mouth is.

Yup, I ran into that with my farm when the assesor raised the valuation much higher than what ( I believed) it could sell for.

I attended the yearly meeting where you could contest the valuation.
He asked in a sarcastic tone-----" Willing to sell your farm for that price" ?

I shot back------" yes,today. Type up the purchase agreement "


He stated I was the first farmer who ever said that, but stated he would not lower the evaluation.

[GregW]

As I stated I am opposed to all taxation that is independent of income except for import tariffs to control international trade.