A great explaination of why our contry is going to the shitter.

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ChesusRice

Well-Known Member
god1 said:
I'm curious; you're talking about rental investments, correct?

What does your mortgage agreement have to do with your landlord/renter agreement? Do you have some clause written into your lease agreement with your renter that adjusts the rate relative to the market value of the investment property? If that's the case, why would you do that? I can't imagine the lending institution building that clause in. Has it something to do with landlord tenant laws? I would be so lucky to have any of my properties have a drop in property taxes. But unfortunately the local communities want their pound of flesh regardless of property value; they just rolled levies ...

I know I'm missing something, just curious.
Click to expand...
I get a letter every year explaining that no matter what my appraised value is my tax bill will not fall because of it.
They adjust the mill rate every year to reflect their budgetary needs.
So even if your property lost 50% on the city appraisal. Your tax bill will remain the same.

What a crock of shit
 
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ChesusRice

Well-Known Member
ElfoodStampo said:
So this is the USA that's so great and prosperous that no one wants to work anymore.
As soon as I saw this article I thought " i get why unkle buck fights so hard for socialism" You want everyone to be worthless. This is what were trending towards. Free rides!!!!
Disability is the new retirement
8.31.2014 Posted by W.C. Varones | 8.31.2014 at 7:33 PM
Barron's cover story:
The share of the adult population, 16 and over, participating in the labor force is at its lowest level since 1978, at 62.8% and 62.9% in June and July,.
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How old are the baby boomers now?
 
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god1

Well-Known Member
ChesusRice said:
I get a letter every year explaining that no matter what my appraised value is my tax bill will not fall because of it.
They adjust the mill rate every year to reflect their budgetary needs.
So even if your property lost 50% on the city appraisal. Your tax bill will remain the same.

What a crock of shit
Click to expand...
Wow --- what state is that? At least in my state they pretend to care; they let non-property owners vote on a property owner tax .... fuckers!

I should add, in my state it is a local tax coupled to the market value. The levies are voter mandates.
 
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ChesusRice

Well-Known Member
god1 said:
Wow --- what state is that? At least in my state they pretend to care; they let non-property owners vote on a property owner tax .... fuckers!
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Not state
City.
The city here does the assessments and they are usually about 35% above market value. And even if they werent. They would change the mill rate so that they meet their budget goals.

BTW Republicans run our little city
 
UncleBuck

UncleBuck

Well-Known Member
it's obama's fault that the wave of children born right after WWII are now hitting retirement age 65 years later.
 
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god1

Well-Known Member
ChesusRice said:
Not state
City.
The city here does the assessments and they are usually about 35% above market value. And even if they werent. They would change the mill rate so that they meet their budget goals.

BTW Republicans run our little city
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So what you're talking about is city taxes piggy backed on to the local county tax? Aren't those typically voter mandates?
Sounds like you have a bunch of "Bucks" in your community ... I have them as well!
 
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ChesusRice

Well-Known Member
god1 said:
So what you're talking about is city taxes piggy backed on to the local county tax? Aren't those typically voter mandates?
Sounds like you have a bunch of "Bucks" in your community ... I have them as well!
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Republican Mayor and City council
State has income tax, County has sales tax, City has property tax
None are voter mandates

Scott Walkers gift to his rich contributors in the form of tax cuts saved us a whopping 130.00 bucks and at the same time all the fees got raised for everything from Plates, licensing to garbage collection. All things he has worked to "privatize"

At the same time He pushed thru Voter ID he also eliminated the capability for the DMV to print IDs and DLs. Now you have your picture taken and if you have an address. It gets sent from California, in a few weeks
 
jahbrudda

jahbrudda

Well-Known Member
god1 said:
I'm curious; you're talking about rental investments, correct?

What does your mortgage agreement have to do with your landlord/renter agreement? Do you have some clause written into your lease agreement with your renter that adjusts the rate relative to the market value of the investment property? If that's the case, why would you do that? I can't imagine the lending institution building that clause in. Has it something to do with landlord tenant laws? I would be so lucky to have any of my properties have a drop in property taxes. But unfortunately the local communities want their pound of flesh regardless of property value; they just rolled levies ...

I know I'm missing something, just curious.
Click to expand...
My properties with mortgages have impound accounts, insurance and taxes included in the mortgage payment.
Correct, rental agreements have noting to do with mortgages.
My point was, during the economic down turn, property taxes went down, while rents did not, totally contridicting UncleBucks claim.
 
jahbrudda

jahbrudda

Well-Known Member
ChesusRice said:
I get a letter every year explaining that no matter what my appraised value is my tax bill will not fall because of it.
They adjust the mill rate every year to reflect their budgetary needs.
So even if your property lost 50% on the city appraisal. Your tax bill will remain the same.

What a crock of shit
Click to expand...
Not here in CA.
You're right that is a crock of shit.
You can bet your ass that when the values go up, it will be another story.
 
UncleBuck

UncleBuck

Well-Known Member
jahbrudda said:
Is your selective memory kicking in, see4
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this all started off with me asking (puzzling, more like it) at why the fuck you would not work one of your expenses (property taxes) into the rent bill.

either show me the claim you totally awesomely contradicted or shut your retarded face.
 
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god1

Well-Known Member
jahbrudda said:
My properties with mortgages have impound accounts, insurance and taxes included in the mortgage payment.
Correct, rental agreements have noting to do with mortgages.
My point was, during the economic down turn, property taxes went down, while rents did not, totally contridicting UncleBucks claim.
Click to expand...
But that's good for you as the landlord --- more margin on your investment. Unfortunately not all landlords got that advantage.
 
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god1

Well-Known Member
UncleBuck said:
this all started off with me asking (puzzling, more like it) at why the fuck you would not work one of your expenses (property taxes) into the rent bill.

either show me the claim you totally awesomely contradicted or shut your retarded face.
Click to expand...
i think he just read it wrong.
 
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