Is There Relief From High Property Taxes

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Is There Relief From Higher Property Taxes

The reply is more likely no. So long as the cost of living carries on growing, property taxes will continue to rise as well. Despite having the housing market at this time, the economy is still on the rise. Schools nonetheless need money, communities will need money and other districts require money as well. If no-one would need money, like within the cowboy and Native indian days, then no-one would have to pay fees. Since this will never occur, property taxes are going to continue. Schools as well as school district would be the major holder of the capital funds which are brought in by home taxes.

The only way to reduce property taxes and find some relief is to find better ways for schools to work with smaller amounts of money. One of these of poor shelling out happened in one local community, where the school board approved buying some type of removable flooring to get a certain school without having considering the time and labour needed to place it and take away between group activities. As a result, the costly flooring is not used as well as was offered to another school in the community. This resulted in taxpayer’s money being invested foolishly and is now not readily available for other needs.

Accusation in court one example of squandered tax dollars being spent. If there was a way to give respite from high property fees, one would have been found by now. That fact that incomes are rising plus more school districts are more about new technology than the old means of learning has needed an increase in higher fees. One way to cut expenditures would be to teach pupils the way baby boomers had been taught, with books and teachers. Libraries today could grow to be obsolete if pupils continue to use computers for all their schoolwork.

Relief from high property taxes needs rethinking the way things are carried out today verses how things were done years ago. This goes for schools, fire and also police, city governing bodies and overall city beautification. There should be more offer work for beautification rather than shelling out thousands of dollars to replace flowers on the medians or acquire new garbage cans for the downtown area because you found out the people you bought are not easy to use. Putting in new streets and then deciding you’ll want new sewers a year later is mismanagement of taxes dollars. If someone might appoint a board to oversee some of the horrible spending practices associated with local communities, relief from higher property taxes will be a little closer to possible.

No one wants to pay high property taxes, however when a referendum is up for vote for new art work in a circle of a street and the majority believes it is a great idea, everybody loses more tax dollars. Maybe the actual piece could have donated like the previous years artwork was. Needless to say, these are only some problems for higher house taxes, but without any say in the issue, many people are going to maintain paying high home taxes.

Comments: 14

  1. Olimpia April 11, 2013 at 1:20 am Reply

    We are planning on buying a house next year, should we file with itemized deductions at the end of the year? I have heard that interest on a mortgage is tax deductable. If we do itemize our deductions, how should we prepare for that? What receipts/records should we save?

  2. Joleen July 29, 2013 at 12:51 am Reply

    Hi,
    I am close to retirement and do not have a pension.

    I am close to buying a small Hotel in Brazil for my retirement. My question is could I buy this through my SIPP?

    I am a 50pc tax payer and from what I read I can claim back up to 3 years plus this years £50k allowance. So from what I understand I could claim back £200k.

    For this. And based on being 50pc taxpayer if I purchased the hotel through my pension for £400k it would in effect cost me £200k of cash. Is this correct?

    Am I able to use a SIPP to buy a hotel and is it ok its in Brazil?

    Thanks for help.
    Thanks for reply Phil.
    My concern isn’t the investment. It is not a packaged scheme, its a business for sale that we have come across ourselves in Brazil. I have ten years experience in the area of Brazil and my wife is Brazilian and has run a small hotel in the past we know the area well. It was a long term goal of ours to do this. Just trying to now save some money in buying it and seeing if the SIPP is actually possible.

  3. Lou September 27, 2013 at 5:14 pm Reply

    Previously till last Financial year ,the person who was having rental Income of 8 Lac per annum was liable to pay service Tax. Now they say everybody has to pay service tax on rental income,even if the rental income is less than 8 Lac. Any ideas , please clarify

  4. Domingo September 30, 2013 at 1:22 pm Reply

    Federalist Paper No. 36 “make it a fixed point of policy in the national administration to go as far as may be practicable in making the luxury of the rich tributary to the public treasury, in order to diminish the necessity of those impositions which might create dissatisfaction in the poorer and most numerous classes of the society.
    Happy it is when the interest which the government has in the preservation of its own power, coincides with a proper distribution of the public burdens, and tends to guard the least wealthy part of the community from oppression!” ——Alexander Hamilton

    Oh just a Founding Father…….This is what he said about distribution of the tax burden in the Federalist Paper No. 36. from the library of congress.

    Don’t believe me then read it here… http://thomas.loc.gov/home/histdox/fed_36.html

    Here is a few things what Thomas Jefferson said ——“”Taxes should be proportioned to what may be annually spared by the individual.” –Thomas Jefferson to James Madison, 1784.

    “Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise.” –Thomas Jefferson to James Madison, 1785.

    “The rich alone use imported articles, and on these alone the whole taxes of the General Government are levied… Our revenues liberated by the discharge of the public debt, and its surplus
    applied to canals, roads, schools, etc., the farmer will see his government supported, his children educated, and the face of his country made a paradise by the contributions of the rich alone, without his being called on to spend a cent from his earnings.” –Thomas Jefferson to Thaddeus Kosciusko, 1811.

    I imagine leaders and members of the modern Republican Party and Tea Party must look askance at what one of their revered forebears had to say about distribution of the tax burden.

    That is, they would if they actually read what Representative Michele Bachmann refers to as “sacred” documents. Hamilton’s tax-the-rich philosophy is anathema to these latter day disciples of trickle-down economics, don’t-tax-job-creators tax policy, and all things constitutional.

    I am beginning to suspect that more than a few of these more-patriotic-and-constitution-loving-t… types haven’t actually read The Federalist Papers and the U.S. Constitution, other than the Second Amendment of course.

    Since this country was founded on this distribution of the tax burden shouldn’t go back to our roots??

  5. Cody November 9, 2013 at 9:27 am Reply

    I don’t mean violence! Just tired of paying federal, state, county, local, gas, sales, property, inheiritance, auto, and the list goes on and on! Your lucky IF you actually get fifty percent of YOUR hard earned pay! Nothing about left or right wing, consevative, democrat or republican. I just want MY pay check. How do we get it back?

  6. Lance November 16, 2013 at 9:54 am Reply

    How much do I have to pay out on medical bills during the year in order to claim them on taxes at the end of the year?

  7. Brandon November 25, 2013 at 3:33 pm Reply

    I’ve read how important it is for him to come out ahead there. I volunteered to be make phone calls from home today and of the people that didn’t hang up, all of them either were supporting Romney or were convinced to support him after talking to me.

    What really shocked me were the people who said they were planning on voting, but who didn’t know anything about the candidates or where they stood on issues.

    If you were in Romneys shoes, would you do exactly what he’s doing or is there more that he can do?

  8. Harriette December 23, 2013 at 9:00 am Reply

    What did he do?

  9. Gary December 31, 2013 at 7:16 pm Reply

    I have sold the property and wish to put the money into a UK account. I have sold the property to a UK resident and will receive
    a deposit of 100K by bank transfer within the UK.

  10. Lavern February 22, 2014 at 1:26 am Reply

    I PAY BASIC RATE TAX. IF I RENT OUT MY PROPERTY SAY FOR £425 A MONTH. I WOULD PAY THE ESTATE AGENT £48 PM MANAGEMENT FEE. MY MORTGAGE IS £375 PM OF THAT £88 IS INTEREST HOW MUCH WOULD I HAVE TO PAY TAX ON THE REMAINDER TAKING INTO ACCOUNT WEAR AND TEAR AND REPAIRS EXPENSES

  11. Garfield February 22, 2014 at 1:26 am Reply

    I live in Wisconsin and have an 11 month old baby also I was on the w-2 program since I had her so that was my income and i did not have a job all year but I did have to pay a small amount of rent and they are tax exempt where I paid rent at. Can I claim any child tax credits or anything and can I still claim homestead credit or not?

  12. Terrell February 22, 2014 at 6:58 am Reply

    Are property taxes more for a newly constructed homes ?(built in 2004-2008)
    The home I am looking to buy is now listed as 225K with property tax 5k. (built in 2007)

    If I buy i will be second owner now, will I have to pay 5k every year for that home ?
    are property taxes determined by the value of my home ?

  13. Felisa March 8, 2014 at 1:30 am Reply

    Was this really a tax cut, or more of a delayed tax?

  14. Luciano March 11, 2014 at 11:03 pm Reply

    I am buying a new home in Florida.The purchase price is $1.2 million and real estate taxes for 2006 were $12,506.This will be my first home in the U.S.A and I dont know how real estate taxes work.Is this the amount I have to pay every year ?Can i reclaim the total tax payment on my federal tax return?And when during the year do I have to pay this tax payment and to whom?Hope somone can help THANKS

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