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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (92724)	10/12/2010 1:50:41 AM
From: MJ	1 Recommendation Respond to of 224720

We should have had Walter E. Williams as President and not Barrack Hussein Obama as the titular President-------as Williams wrote in his article------- townhall.com "Suppose your local politician tells you, as a homeowner, "I'm not going to raise taxes on you! I'm going to raise taxes on your land." You'd probably tell him that he's an idiot because land does not pay taxes; only people pay taxes. That means a tax on your land is a tax on you. You say, "Williams, that's pretty elementary, isn't it?" Not quite."------(continue to article.) MJ comment: Now, bring this to the County level. Consider that your County Government, usually an elected Board, votes to lower the assessed value of your home and land for real estate taxes. (Sounds good huh? Now wait a moment.) Simultaneously, the elected county Board has voted to increase the tax rate per $100.00 or $1000.00 valuation to a new high rate ever seen in your county. As the real estate taxes "continue at the highest amount of taxes ever" the Fair market evaluations are lowered by the elected County Board. The homeowner pays the new higher amount of taxes or greater than the previous year. Seems really nice of the elceted County Board, assessed value of your home is lowered and the tax rate increased=====not so. The homeowner is now oppressed by the higher taxation and witnessing a decline in the total value of their property due to the County's having lowered the assessed value of your property. The lowered assessed value of the property then translates to a real estate market in decline as potential buyers look at the 'assessed values as the value they should pay to buy a property '. Simply put, this is the local government controlling the fair market value of homeowners homes. Now to election time----------the members, who voted for the increased tax rate and the lower assessed values will now claim that they voted to help the homeowners. In reality, they, the elected board members who voted for this mix did nothing of the kind------------they kept taxes high by increasing the tax rate per $100. or $1000. valuation and voted simultaneously to assure a decline in the property values in their county. The county Board has increased taxes while at the same time set a 'government standard' for sales of homes as buyers look to the 'government standard' as the fair market price the buyer should pay for property. And, as the real estate industry does the same----pointing to assessed value of the property as the standard.