Property taxes

[Bottom Feeder]

What y'all are missing is that without exorbitant costs there wouldn't be any of that super expensive equipment. Equipment that cannot be used with YOUR insurance; you need the Double Platinum plan for that.
Or that esoteric research that costs billions but the result is only available to you if you can cough up the $3,000 a month price tag for the prescription.
Oh, yeah, all that stuff gotta be paid for; here's yer bill —

 

[Joe King]

What y'all are missing is that without exorbitant costs there wouldn't be any of that super expensive equipment.

Or that esoteric research that costs billions

That stuff is only that expensive due to our inflated money.

Get rid of that, and that problem is gone too.
......but too many want something for nothing, or at least the illusion of it.

 

[Bottom Feeder]

following the thread disconnect…

Mark Cuban Unloads on Healthcare
barchart

Healthcare is one of the few industries where a life-saving procedure can carry a five-figure price tag while the doctor performing it walks away with a fraction of the bill. That disconnect is precisely what billionaire entrepreneur and Cost Plus Drugs co-founder Mark Cuban wants to change.

 

[searcher]

FWIW (dyodd)

 

[searcher]

 

[Joe King]

He's right.

Property taxes shouldn't even be allowed due to it being a tax on unrealized gains.



However if we must have them, the problem of appraisal districts over valuing people's homes in order to maximize taxes collected could be mitigated by turning the appraisal into an offer to buy.

In other words, if they over value your home to a level you could never get if you tried to sell, you could sell to the county for the amount they are declaring it to be worth.

Edited to add: that would add a powerful incentive for them to get the appraisals correct.

 

[Fatrat]

That would be fun...

 

[nickndfl]

In Florida cities juggle the.millage rate and the value of your.property to meet their budgets.

I have lived in a county with the highest millage rate in the state for 20+ years. The property values have finally caught up with SE Florida and now it is time to move.

I am planning on building smaller home with twin solar powered mini spilt ac units and a well. If I keep it under $250k I should have minimal property taxes if any and a monthly nut < $500.

 

[Fatrat]

Good luck, where to if I might ask...

 

[Viking]

Good luck, where to if I might ask...

Where the hookers and blow are.

 

[nickndfl]

Up the middle of the state. Coastal areas require too much maintenance. Look among Okeechobee, Lake Placid, Ocala and similar areas.

 

[Lancers32]

He's right.

Property taxes shouldn't even be allowed due to it being a tax on unrealized gains.



However if we must have them, the problem of appraisal districts over valuing people's homes in order to maximize taxes collected could be mitigated by turning the appraisal into an offer to buy.

In other words, if they over value your home to a level you could never get if you tried to sell, you could sell to the county for the amount they are declaring it to be worth.

Edited to add: that would add a powerful incentive for them to get the appraisals correct.

Now if the municipality has to cough up these phony drummed up numbers to buy who do you really think is gonna get stuck with the bill? They got ya coming and going. The fun begins when RE crashes and you try to appeal your property tax bill.

 

[Bottom Feeder]

appeal your property tax bill.

'appeal' — <heh>, yeah that works here in snowflake city for one year's taxes.
Then back to their regular program.
You must appeal (and win) again.

 

[Voodoo]

This was a pretty good yet complicated look into the scams that Bankers have used to work with these governments. They basically used lending programs and bogus payback schedules that Never paid any Principal off.

 

[Fatrat]

Up the middle of the state. Coastal areas require too much maintenance. Look among Okeechobee, Lake Placid, Ocala and similar areas.

Far enough inland that hurricanes blow themselves out...

 

[Casey Jones]

I guess just freezing the property-tax appraisal at what it was the home was...a compromise...escapes them. It's all or nothing...runaway tax collectors, or else just throw the property-tax system into the dumpster.

Yeah, I'd love it if there were no property taxes, but there's two problems. FUNDING, various county functions; and that of corporate purchase of large quantities of land/homes. When Private Equity has cash with no home, and they can dump it into real estate...and NOT pay a cost...that's exactly what they will do. Pricing out would-be homeowners.

Not unlike ZIRP. Sounds grate, until you consider the huge quantity of malinvestment, including stawk buybacks.

 

[Joe King]

Now if the municipality has to cough up these phony drummed up numbers to buy who do you really think is gonna get stuck with the bill? They got ya coming and going. The fun begins when RE crashes and you try to appeal your property tax bill.

My point is, if they give honest assessments of what a property is actually worth, they won't have to buy any of them.


All it will take is for it to happen a couple of times and they will quickly adjust how they arrive at the appraisal amounts that they use to charge us taxes.

 

[Joe King]

just throw the property-tax system into the dumpster.

That's what needs to happen.

Yeah, I'd love it if there were no property taxes, but there's two problems. FUNDING

There's a stupidly easy fix for that.

It's called a head tax.

As in, anyone with a head and who lives within said jurisdiction, gets a tax bill for that head.

Ie: just directly tax people living within the jurisdiction.
.....and do it equally among all the people.

As in everyone pays the same dollar amount.


It's the only way to keep it fair, as well as the only way to keep gov as small as possible.

The only reason we have a big bloated gov, is due to its virtually unlimited ability to fund itself.

If the money is available, the gov will just find some bull shit to spend it on.
....but have it so gov funding is restrained and gov will only be able to spend on the most important of things that most people are ok with gov spending money on.

 

[Casey Jones]

That's what needs to happen.






There's a stupidly easy fix for that.

It's called a head tax.

As in, anyone with a head and who lives within said jurisdiction, gets a tax bill for that head.

Ie: just directly tax people living within the jurisdiction.
.....and do it equally among all the people.

As in everyone pays the same dollar amount.


It's the only way to keep it fair, as well as the only way to keep gov as small as possible.

The only reason we have a big bloated gov, is due to its virtually unlimited ability to fund itself.

If the money is available, the gov will just find some bull shit to spend it on.
....but have it so gov funding is restrained and gov will only be able to spend on the most important of things that most people are ok with gov spending money on.

And how would you prevent Black Rock or Gates Foundation (or Microsoft Investments, whatever Bill and Melinda choose to call it) from buying up whole neighborhoods, to "Diversify" and rent out (on government stipends) to the 40 million invaders here now?

There has to be a COST to owning property, to prevent malinvestment and concentration.

 

[Viking]

I guess just freezing the property-tax appraisal at what it was the home was...a compromise...escapes them. It's all or nothing...runaway tax collectors, or else just throw the property-tax system into the dumpster.

Yeah, I'd love it if there were no property taxes, but there's two problems. FUNDING, various county functions; and that of corporate purchase of large quantities of land/homes. When Private Equity has cash with no home, and they can dump it into real estate...and NOT pay a cost...that's exactly what they will do. Pricing out would-be homeowners.

Not unlike ZIRP. Sounds grate, until you consider the huge quantity of malinvestment, including stawk buybacks.

I'd say exempt primary residence from property tax.

 

[Joe King]

And how would you prevent Black Rock or Gates Foundation (or Microsoft Investments, whatever Bill and Melinda choose to call it) from buying up whole neighborhoods, to "Diversify" and rent out (on government stipends) to the 40 million invaders here now?

There has to be a COST to owning property, to prevent malinvestment and concentration.

Does property taxes prevent them from wanting to buy them now?

The taxes they pay just get passed along to their tenants via higher rents.

 

[Casey Jones]

Does property taxes prevent them from wanting to buy them now?

The taxes they pay just get passed along to their tenants via higher rents.

It limits what they drop on real-estate.

Right now...since their top managers are Insiders and they KNOW a big Stonk-Market rug-pull is coming...they're sitting on cash. Warren Allyoucaneat Buffet has most of his shell-company's capital IN cash right now.

Parking it to where it's protected from inflation, i.e. real-estate, would be better...but for the cost, the tax bill.

Yes, some of that is happening now. You have NO IDEA how MUCH of it would happen if suddenly the tax cost didn't have to be balanced against rent incomes.

 

[Joe King]

It limits what they drop on real-estate.

Right now...since their top managers are Insiders and they KNOW a big Stonk-Market rug-pull is coming...they're sitting on cash. Warren Allyoucaneat Buffet has most of his shell-company's capital IN cash right now.

Parking it to where it's protected from inflation, i.e. real-estate, would be better...but for the cost, the tax bill.

Yes, some of that is happening now. You have NO IDEA how MUCH of it would happen if suddenly the tax cost didn't have to be balanced against rent incomes.

But taxes for them are just a pass-on cost.

Property taxes cost them nothing. Same as with any company.

In fact, IMHO, companies and businesses should not be subject to any taxes, just for that reason alone.

Anyth taxes applied to them only serves to make their products and services that much more expensive.

Taxes are for people.