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well it puts a tax burden on me paying for their roads and kids schools. all states except one have a sales tax. I think Delaware is the only state without a sales tax. I think that NC divides the sales taxes up between essentials and no essentials. not positive, but I have noticed two different rates of tax on my grocery bills.
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Originally Posted by findingmesomeday
Considering NC taxes food and clothes ,increasing the sales tax would really put a burden on the lower income people.
Guess we now almost all agree that reassessment can be grossly unfair to folks who want to stay in their home rather than sell it to realize the appreciation in cash.
Guess we now almost all agree that reassessment can be grossly unfair to folks who want to stay in their home rather than sell it to realize the appreciation in cash.
Well, we don't all agree that those are the only options.
don't hold out on us! what would be a better way to do this. it's very unfair to people to jack up their taxes to get them to move. it happens all the time. you could appeal to a court, but again, that would cost money.
Quote:
Originally Posted by MikeJaquish
Well, we don't all agree that those are the only options.
Sorry...this whole tax rate discussion reminds me of the old Sim City game. One of the tricks to gaining population fast was to lower the tax rate. Then just before crime and fire overtook your city, the tax rate needed to be raised sky high.
Guess we now almost all agree that reassessment can be grossly unfair to folks who want to stay in their home rather than sell it to realize the appreciation in cash.
The only thing I see to help the situation is more growth. It is how Cary has handle things and it has the lowest tax rate in the county and has a fantastic quality of life. It seems to have merged the two better than most towns.
The only thing I see to help the situation is more growth. It is how Cary has handle things and it has the lowest tax rate in the county and has a fantastic quality of life. It seems to have merged the two better than most towns.
Or less growth to reduce the need for more government services while letting those who've recently arrived start helping to pay off the bonds already issued.
More residents with low or no impact fees only make things worse in the short term.
I asked this question early on in this contentious thread and I guess I didn't state it baldly enough: what about some type of special reverse mortgage? If folks, of any age, could reversely mortgage their house for its current market value, could they not then use those funds to pay their now grossly-inflated property taxes? If they choose not to do this (and I'm sure there are many reasons for not doing it!), then they would pay taxes on the "old" value plus some sort of assessment for the services that they are using: roads, water, sewer, etc.
Or less growth to reduce the need for more government services
As we have pointed out an endless number of times, higher population densities reduce the financial strain on the tax payers. If you have a main street in a town and 10 people live on it, when it comes time to repave the road it will be extremely expensive for these 10 people. Now if 25 people live on the same road, then it becomes much less expensive to each homeowner. The point is that when growth happens in a high density type of way, the tax base that is brought in far outweighs the "extra" expenses incurred.
And again, an impact fee is a tax. If one is starting threads saying that taxes are out of control, then one would think they would not be in favor of an impact tax, unless of course their point is to say "tax the other guy, just don't tax me".
I asked this question early on in this contentious thread and I guess I didn't state it baldly enough: what about some type of special reverse mortgage? If folks, of any age, could reversely mortgage their house for its current market value, could they not then use those funds to pay their now grossly-inflated property taxes? If they choose not to do this (and I'm sure there are many reasons for not doing it!), then they would pay taxes on the "old" value plus some sort of assessment for the services that they are using: roads, water, sewer, etc.
The tax on the old value ought to cover services well enough since many long-term owners no longer have children in school.
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