Well, public officials and public servants like police officers, firefighters, librarians, whatever need a place to live so I suppose thereâs a justification for raising property tax assessments. Rising housing costs raise the cost of government services. Of course the generalized rate of inflation is likely doing far more damage so folks should count themselves lucky.
What about the low middle class home owners who canât afford higher tax and didnât anticipate monstrous bill? Also would you have said the same thing if it had happened in CA?
People in the article were up 30%, mine was up 65% - extra 5000 of property tax. I donât think my rent increase was that much, so unless you want to sell you are going negative. I feel for the property owner there, they are not selling their houses, so their net cost increase by 400-500 a month, thatâs a lot for MCOL.
What about all the lower middle class who now struggle with groceries and gas? Some of them public employees. Inflation is everywhere. And some parts of CA have seen large increases when âspecial assessmentâ districts have been created. Plus many of the rural areas get no services for the taxes they pay. Minimal police protection, no fire protection, no libraries, no water or sewer, nothing. And if something goes wrong like a road collapse another âspecial assessment districtâ is created to pay for it.
This is why prop 13 is good. Why does the local government suddenly need 30% more tax revenue because home values increased? Thatâs an irrational increase in tax revenue thatâll lead to idiotic spending decisions.
Well, yes. But to the extent that public employees and the private subcontractors they use may not own their own homes home prices and rents have to be factored in somehow.
My ire is directed more at the federal level. If dollars werenât constantly being devalued forcing everyone into holding some form of equity this wouldnât be a problem. In other countries housing is for shelter - not for sheltering your wealth.
âpeople who are wandering in traffic, shouting at no one, and bouncing between hospitals, jail and the streets.â
Seems itâs either that or âThe Snake Pitâ and âOne Flew Over the Cuckooâs Nest.â
The pendulum swigs for one extreme to the other.
Interesting choice of terms - âforeign states.â I expect that mentality - on both sides - to become firmer as time passes.
The issue overlaps with my snake breeding hobby. I can sell snakes in Arizona which are illegal to sell in California because they are native to that state and vice versa. Breeders swap their stock across state lines all the time because of this. Thereâs no enforcement on selling California snakes at an Arizona reptile show or the other way around.
In Aug 2015, each CU SFH is equivalent to 5.81 Austin SFHs.
In May 2022, each CU SFH is equivalent to 4.24 Austin SFHs.
Texas leads the country in being home to the most Fortune 500 companies, surpassing New York and California, state officials announced Tuesday.
With 53 Fortune 500 corporate headquarters located in Texas, the state overtook New York, which has 51 corporate headquarters, and California, with 50.
Ahem 