On 11/5/09 08:13 , lab~rat :-) wrote:
On Thu, 5 Nov 2009 11:22:56 +0900, "Brenda Ann"
puked:


wrote in message
...
Freeze property tax rates, no raising of tax rates from the original
purchase price of the house or commercial property (until it is
resold).

Big city politicians frequently trample over citizen rights by raising
appraisal values, instead of controlling spending, and frequently
force people into the real estate market or into foreclosure,
especially when citizens can not get pay raises.

Rising property values are pointless when the property is not sold,
and that is a problem of REAL GREED in America? AND you won't get all
these kooky ideas to help millions of Americans that do NOT want to
work based on imaginary money, but real value?

Now there is a proposal I can really get behind. Tax property on what is
actually PAID for it, not what some pencil pusher says it should be worth,
since the property owner isn't getting any more use out of the property than
he did when it was bought, major improvements notwithstanding, of course.


Where in the country are home values higher than they were in, say,
2005? They should be dropping for most people.
--
lab~rat:-)
Do you want polite or do you want sincere?



There are a number of regions in Cook, Lake and DuPage counties,
Illinois, where home values have gone up. My own went down from the
peak in 2007. The YL's place in Buffalo Grove went up.

Interesting to note, however, that both locations are currently
higher than they were in 2005.

There's a lot of generalizing, in all these discussions. The
truth is, that not everyone's property values have dropped. Some are
higher, now, than they were at the previous peak. Few, to be sure.
But it is happening.

The general result is that scheduled tax reassessments have been
delayed in areas where there has been dramatic value loss, but
reassessments have been accelerated in areas where there has been
value increase to cash in on increased revenue stream.

Rule of thumb: the government will never do with less. Whether
you do or not.