jtssrx Posted August 5, 2021 Share Posted August 5, 2021 Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 5, 2021 Share Posted August 5, 2021 Will we be required to pay property taxes on the rental properties? Quote Link to comment Share on other sites More sharing options...
Anler Posted August 5, 2021 Share Posted August 5, 2021 Living in like a tent? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 5, 2021 Share Posted August 5, 2021 1 minute ago, racer254 said: Will we be required to pay property taxes on the rental properties? Is this a serious question? Kinda like, when the market crashed and house values go down, will my tax burden adjust appropriately? I get it…good one! Kneeslapper!! THE THEFT VIA TAXATION WILL CONTINUE!!!!!!!! Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted August 5, 2021 Gold Member Share Posted August 5, 2021 Boss has some rentals he has 1 tenant that hasn’t paid in months. He is fucking going insane over this no eviction non sense. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 5, 2021 Share Posted August 5, 2021 I think I am going to rent from now on! 1 Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted August 5, 2021 Gold Member Share Posted August 5, 2021 Wow who is this guy, the king of the US? Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted August 5, 2021 Share Posted August 5, 2021 7 minutes ago, Anler said: I think I am going to rent from now on! If we don’t have to pay rent - it seems like the best option! Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted August 5, 2021 Share Posted August 5, 2021 There are jobs everywhere right now, good paying ones to. Since SCOTUS punted on this, Biden is right they can do whatever they want until this gets relitigated, at which point SCOTUS probably won't touch it since it is going to end soon. At which point, the CDC will do the same thing. Rinse and repeat. Anyone else remember how all those savvy landlords bragged they were using the banks money while having their tenants pay their mortgage for them so they can build massive wealth? The debt fanboys never learn. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 5, 2021 Share Posted August 5, 2021 5 minutes ago, Mag6240 said: If we don’t have to pay rent - it seems like the best option! Yes it is stupid to buy with property taxes going thru the roof. just rent and dont pay the rent! Hopefully they will pass laws that we dont have to pay our utilities either! Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 5, 2021 Share Posted August 5, 2021 18 minutes ago, Zambroski said: Is this a serious question? Kinda like, when the market crashed and house values go down, will my tax burden adjust appropriately? I get it…good one! Kneeslapper!! THE THEFT VIA TAXATION WILL CONTINUE!!!!!!!! why would taxes go down in that case. Taxes are based off expenses/value. expenses will never go down so the only thing that changes is the taxable value and mill rate to get that income. Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 5, 2021 Share Posted August 5, 2021 I put up an article before as to how Biden was going to create a welfare state. This is just the beginning. 84 million voted for this? NAH. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted August 5, 2021 Share Posted August 5, 2021 10 minutes ago, Angry ginger said: why would taxes go down in that case. Taxes are based off expenses/value. expenses will never go down so the only thing that changes is the taxable value and mill rate to get that income. For the same reason the taxes go up as property values go up. I get a steady 10-15% increase every year. Nice! Quote Link to comment Share on other sites More sharing options...
Anler Posted August 5, 2021 Share Posted August 5, 2021 Thanks Biden! Quote Link to comment Share on other sites More sharing options...
Doug Posted August 5, 2021 Share Posted August 5, 2021 Been there done that, no more. They're renters for a reason and it rarely a good reason. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 5, 2021 Share Posted August 5, 2021 8 minutes ago, teamgreen02 said: For the same reason the taxes go up as property values go up. I get a steady 10-15% increase every year. Nice! thats not because values go up thats because expenses go up 10-15% every eyar. want taxes to not go up reel in spending it is the only thing that matters and most towns are not living on the credit card (obviously some stuff is financed but for most part not with disregard to payback like the feds) so they actually have to pay their bills. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 5, 2021 Share Posted August 5, 2021 22 minutes ago, Angry ginger said: why would taxes go down in that case. Taxes are based off expenses/value. expenses will never go down so the only thing that changes is the taxable value and mill rate to get that income. Wtf? Are you serious? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 5, 2021 Share Posted August 5, 2021 So this moratorium started under the Trump admin and continues today? Its time to wean people off this program. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 5, 2021 Share Posted August 5, 2021 1 minute ago, Angry ginger said: thats not because values go up thats because expenses go up 10-15% every eyar. want taxes to not go up reel in spending it is the only thing that matters and most towns are not living on the credit card (obviously some stuff is financed but for most part not with disregard to payback like the feds) so they actually have to pay their bills. Home taxes are based on “fair market values”. Or are supposed to be. Why does everyone else have to cinch up to wit belt in hard times but to e government gets to say, “Well, we still have to do stuff and things.” Have you hit your fucking head?!?!? 2 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 5, 2021 Share Posted August 5, 2021 2 minutes ago, Angry ginger said: thats not because values go up thats because expenses go up 10-15% every eyar. want taxes to not go up reel in spending it is the only thing that matters and most towns are not living on the credit card (obviously some stuff is financed but for most part not with disregard to payback like the feds) so they actually have to pay their bills. You are correct. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted August 5, 2021 Share Posted August 5, 2021 Just now, Angry ginger said: thats not because values go up thats because expenses go up 10-15% every eyar. want taxes to not go up reel in spending it is the only thing that matters and most towns are not living on the credit card (obviously some stuff is financed but for most part not with disregard to payback like the feds) so they actually have to pay their bills. You are preaching to the choir. No one can push up expenses 10-15% annually and not have things eventually come crashing down. Property taxes here were $3k in 2013 and just crossed $5k last year. We are in a small, rural community. Our expenses are NOT increasing at that rate. Hell, I'm lucky if they even grade the gravel road out front of my house. 1 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 5, 2021 Share Posted August 5, 2021 Just now, Mainecat said: You are correct. Here you go, Red! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 5, 2021 Share Posted August 5, 2021 Just now, Zambroski said: Home taxes are based on “fair market values”. Or are supposed to be. Why does everyone else have to cinch up to wit belt in hard times but to e government gets to say, “Well, we still have to do stuff and things.” Have you hit your fucking head?!?!? No dumb ass.Taxes are based on the towns budget using the assessed home value. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 5, 2021 Share Posted August 5, 2021 2 minutes ago, Mainecat said: No dumb ass.Taxes are based on the towns budget using the assessed home value. You are such a fucking moron. It’s astounding on a daily basis. 1 2 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 5, 2021 Share Posted August 5, 2021 37 minutes ago, Zambroski said: Here you go, Red! he is correct In a pure tax system without some intervention like some states have for homestead/max increase the mill rate is determined by dividing the budget by the taxable value of the properties within a town. if the expenses or values change the mill rate goes up/down accordingly. so values can drop in half the only thing that is going to change is double the mill rate Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.