I've sat through and read through some of the dryest meetings and papers there are and I am afraid of ever having to attend an SRC meeting again. Being fed a soda and Doritos did help take the edge off.
Good for annie
That's beyond obscene.Post AVI Tax Owner Occupier Only
Avg. of likely and more likely 0 Homestead 15k Homestead 40k Homestead
Proposed Admin No Smoothing $13,164 $13,484 $14,082
Green Amendments $12,055 $12,575 $12,896
Proposed Admin w/ Smoothing $11,769 $12,461 $13,856
Range of Tax Payable Without or After Smoothing as Proposed by Admin
Admin Best Case No Smooth $11,046 $11,238 $11,589
Admin Worst Case No Smooth $15,095 $15,554 $16,426
RESIDENTIAL FOLLOW BELOW INSTRUCTIONS FOR MORE DETAIL
Residential owners click on the "My Taxes Residential" tab below if owner occupied
If occupants name is not on the deed go to "My Taxes Residential Rental" tab
I am not the Jackass Whisperer.
The $40K property homestead exemption almost wipes out my property tax liability and would wipe it out for most people in my neighborhood.
Has anyone here heard of anyone whose taxes will actually decrease under avi? Mine will nearly triple according to Green's spreadsheet. I, fortunately I guess, live on a block that has been reassessed numerous times in the last 20 years; some of my neighbors have not been reassessed in that time, and their taxes will skyrocket, some of them increasing 10X.
Dave Davies has an article on Green's Proposal.
Nutter's finance chief concedes tax plan would shift burden to homeowners
City finance director Rob Dubow said late Monday it's "a real possibility" that City Councilman Bill Green is right in his assertion that Mayor Nutter's property tax plan will increase residential taxpayers burden while giving a tax cut to businesses.
"I think that the effect he’s talking about is a real effect, and it's worth having conversations with Council about how to manage it," Dubow said in a phone interview.
Green made his case a week ago in City Council, and in a news conference today he released detailed calculations suggesting that residential property tax payments could rise 25 percent or more under Nutter's plan to go to a property tax system based on market values.
I pay 2/3% of what I bought my house for which is probably approximately market value. I looked at a random home from Graduate Hospital that just sold for $330,000 which is set to pay a property tax bill of $220. I think they'll be quite okay if their property tax quadruples (presumably when the abatement is up). I don't think paying 1% of your house's value in property taxes is unreasonable. We'll be paying more than that it seems. But if there's a debate it should be what percentage of your home's value should go to taxes each year not how much more are you paying than your previous semi-random tax burden before. All of this is contingent on "actual value" being somewhere close to the actual value of the home.
I'd like to see Green's methodology - I suspect that he's using pessimistic assumptions in a scaremongering tactic. I don't trust him or his numbers at all.
Last edited by billy ross; 05-21-2012 at 09:50 PM.
My only problem with paying more to the city, which I should because my taxes are ridiculously low, is that the current powers that be will waste it.
Looks like mine are set to increase by 266% (slightly less than tripling).
BTW, how do you find out how they've classified your property? I'm in an owner-occupied multi-unit rental, and I want to make sure it is classified as a residential rather than commercial. Unfortunately can't find mention of the designation on the OPA site.