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Angel Taveras has proposed raising property taxes as high as 22% in the city. Traditionally, due to bad government, the property taxes have been raised at a much higher rate that inflation for many years. If any of you listen to WPRO, Buddy Cianci was interviewed John Iggliozzi, rep from ward 7, explained that if Taveras has his way some areas will get hit hard, with Elmwood, West End, Silver Lake, and the East Side getting smacked with tax increases of more than 10%. Taveras is also looking to eliminate the homestead act, dissolving the tax break for owner occupied residences. Since Providence has experienced a drastic reduction in property values, Taveras may believe this would be an ideal time to get rid of the Homestead exemption with it being less noticeable.
Taveras voters rent. They don't care about housing values.
Taveras doesn't care about housing values either, he only
cares about assessment values, and those are rigged.
Taveras voters rent. They don't care about housing values.
Renters care about rent, and my rent is going to go up $25 per month in September when I renew because my landlord anticipates a tax increase. Let's not forget, btw, who pays the owner's mortgage: renters. Show some respect.
For starters, he's proposed a 6% increase- don't know where the 22% comes from! Too much talk radio.
He won't get the 6% increase since he's trying to run for governor and he knows he'll lose the vote that counts. He'll get a couple of percent.
Mayor Taveras' budget proposal would raise the effective property tax rate on owner occupied residences from 15.95 to 19.50 per thousand dollars of assessed value. The difference between the two rates represents the 22% increase ((19.50 minus 15.95) divided by 15.95)=22%.
Renters care about rent, and my rent is going to go up $25 per month in September when I renew because my landlord anticipates a tax increase. Let's not forget, btw, who pays the owner's mortgage: renters. Show some respect.
Section 8 and other subsidized housing programs pay a large slice of the owner's
mortgages, if they have mortgages. Many "renters" pay little or nothing in the
Providence Metro. btw, don't tell me whom or what to respect again.
Section 8 and other subsidized housing programs pay a large slice of the owner's
mortgages, if they have mortgages. Many "renters" pay little or nothing in the
Providence Metro.
And of course you have a cite handy to prove your point, right?
Mayor Taveras' budget proposal would raise the effective property tax rate on owner occupied residences from 15.95 to 19.50 per thousand dollars of assessed value. The difference between the two rates represents the 22% increase ((19.50 minus 15.95) divided by 15.95)=22%.
But they just lowered all the assessments. Taxes are a result of assessment x rate.
Last edited by Hollytree; 05-12-2013 at 02:24 PM..
But they just lowered all the assessments. Taxes are a result of assessment x rate.
I understand. However, I was just explaining where the 22% increase number came from. The 6% number represents the average percentage property tax expense increase residential homeowners will experience if the mayor's budget is passed as currently proposed when you divide the change in taxes by the previous year's tax expense. In my case, my assessment decreased 5%. However, my property taxes, as proposed would increase 16%.
Ouch! Would you be willing to share the neighborhood your house is in and what your new- estimated- taxes will be?
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