Author Topic: question about owning property and property tax  (Read 2002 times)

0 Members and 1 Guest are viewing this topic.

Offline magooch

  • Trade Count: (0)
  • Senior Member
  • *****
  • Posts: 6644
Re: question about owning property and property tax
« Reply #60 on: April 08, 2009, 04:25:57 AM »
Property tax is a very poor and inequitable method of obtaining revenue for government, because it assumes that the mere ownership of property suggests the ability to pay.  It is quite common for a person, or family to spend their working days building a nice home and property, only to have to sell it in their retirement years, because their retirement income doesn't allow the wherewithal to pay the taxes on the place.

In my state, some relief is allowed if your retirement income is very, very low, but even then, the state gets it back when the estate is settled.
Swingem

Offline 45-70.gov

  • GBO Supporter
  • Trade Count: (7)
  • Senior Member
  • *****
  • Posts: 7009
  • Gender: Male
Re: question about owning property and property tax
« Reply #61 on: April 08, 2009, 04:31:07 AM »
property taxes  are used to run poor people out  of develping  high $ neighbor hoods
when drugs are outlawed only out laws will have drugs
DO WHAT EVER IT TAKES TO STOP A DEMOCRAT
OBAMACARE....the biggest tax hike in the  history of mankind
free choice and equality  can't co-exist
AFTER THE LIBYAN COVER-UP... remind any  democrat voters ''they sat and  watched them die''...they  told help to ''stand down''

many statements made here are fiction and are for entertainment purposes only and are in no way to be construed as a description of actual events.
no one is encouraged to do anything dangerous or break any laws.

Offline Dixie Dude

  • Trade Count: (6)
  • Senior Member
  • *****
  • Posts: 4129
  • Gender: Male
Re: question about owning property and property tax
« Reply #62 on: April 08, 2009, 05:44:54 AM »
In Alabama's homestead exemption, once you retire, you don't pay property taxes on your primary residence.  So you do get a break, but you have to be 65.  If you retire early, you still have to pay p-taxes. 

Offline 45-70.gov

  • GBO Supporter
  • Trade Count: (7)
  • Senior Member
  • *****
  • Posts: 7009
  • Gender: Male
Re: question about owning property and property tax
« Reply #63 on: April 09, 2009, 04:20:52 AM »
seniors  get  a little extra  knocked  of the appraisal

tax  increase  is limited  to 3%   for  your homested
and  not transferable if you  move  sell  etc.

but  with  the homestead  exemptions
some one  else  has to take  up  the  slack     [pay MORE  than their share]
that  would be the renters   or  those  that  did  the right things  in life  and got  a bigger house
how fair is that
when drugs are outlawed only out laws will have drugs
DO WHAT EVER IT TAKES TO STOP A DEMOCRAT
OBAMACARE....the biggest tax hike in the  history of mankind
free choice and equality  can't co-exist
AFTER THE LIBYAN COVER-UP... remind any  democrat voters ''they sat and  watched them die''...they  told help to ''stand down''

many statements made here are fiction and are for entertainment purposes only and are in no way to be construed as a description of actual events.
no one is encouraged to do anything dangerous or break any laws.

Offline Dixie Dude

  • Trade Count: (6)
  • Senior Member
  • *****
  • Posts: 4129
  • Gender: Male
Re: question about owning property and property tax
« Reply #64 on: April 09, 2009, 07:01:58 AM »
Wareagleguy, my tax didn't go up that much.  However, Lee County has been doing taxes by apprasial for years.  Maybe your county didn't.