Business, Economics, and Taxes: Capitalism. Yay? >=(

[Kepler]

Good Ad to remind the dumb ****s what happens if you nuke the feds

https://twitter.com/projectlincoln/s...wUr89O8sCT6igw

I love Western Libertarianism, when federal investment built the West and federal aid is the only thing that keeps it from reverting to an apocalyptic wasteland.

House cats are libertarians. Completely dependent on others, but fully convinced of their own independence.

[Deutsche Gopher Fan]

Drew narratives:

Republican incumbent: "OMG, look how much my property value went up!"
Democratic incumbent: "OMG, look how much my property tax went up!"

This sums up so many people. It is 100% drew.

a reporter recently was talking to people and was shocked at how many people were “never dems” but couldn’t articulate a single reason why, nor could they explain what republicans actually do that is good for them. Nothing. Just decades of marketing

[FadeToBlack&Gold]

Is there a place in america where taxes aren’t going up? Everyone’s home value increased. My taxable value increased 26% this year

Mine went up 80% after this year's reassessment, but that's to be expected the year after you buy. IIRC, the previous SEV was ~$60-70k lower because the former owner had it for 30 years.

[ScoobyDoo]

Good Ad to remind the dumb ****s what happens if you nuke the feds

https://twitter.com/projectlincoln/s...wUr89O8sCT6igw

That ad is so good. Lincoln Project does such good work. I wish more would listen.

[Kepler]

That ad is so good. Lincoln Project does such good work. I wish more would listen.

I'm afraid they are just preaching to the converted but I have sent some when a wackjob sends me some ridiculous derp talking point.

[WisconsinWildcard]

I thought taxes only go up if your house goes up in value more than your neighbors. Like, the costs of a city are generally fixed. If your house goes up in value 20% with everyone else's, but the city's expenses stay flat, the taxes should stay flat

if your house goes up because you finished your basement, you should be assessed for the updated value and relative to the rest of the city.

You are correct, but I also think this can vary state by state. I know Wisconsin has a law that essentially follows that concept.

[dxmnkd316]

Mine went up 80% after this year's reassessment, but that's to be expected the year after you buy. IIRC, the previous SEV was ~$60-70k lower because the former owner had it for 30 years.

I legit don't remember that happening when I bought mine.

[Deutsche Gopher Fan]

I legit don't remember that happening when I bought mine.

Didn’t happen to me in Minneapolis.

whacked me in the face when I bought in Edina

[aparch]

I legit don't remember that happening when I bought mine.

Depends on the age of the pervious homeowner, and how their taxes were locked in.

I didn't have that jump when I bought my house, but a coworker did where her taxes went from $800 to $5800 the first year.

[St. Clown]

Depends on the age of the pervious homeowner, and how their taxes were locked in.

I didn't have that jump when I bought my house, but a coworker did where her taxes went from $800 to $5800 the first year.

When I bought my first house down in Farmington, that more or less happened to me. It wasn’t a $5,000 jump, it was more like $2,500.

My Ghetto+ house that I have now was only a few hundred dollar jump.

[Deutsche Gopher Fan]

I’ve done no major improvement. However, my neighbor to one side did an addition and my other neighbor razed the house and built a 1,6m McMansion.

if mine go up a ton , then dx theory is out

[FadeToBlack&Gold]

Depends on the age of the pervious homeowner, and how their taxes were locked in.

I didn't have that jump when I bought my house, but a coworker did where her taxes went from $800 to $5800 the first year.

This. If you bought in 1991 for $99,900 and sold in 2021 for $264,900, the new owner's taxes (mine) are definitely going up a lot. He made no major improvements to the property beyond the bare minimum necessary maintenance, which is why his SEV was so low. Now I've got a garage roof that I'm lucky is still functioning, because he was cheap and never had it done when they did the roof on the house in 2000.

[French Rage]

Depends on the age of the pervious homeowner, and how their taxes were locked in.

I didn't have that jump when I bought my house, but a coworker did where her taxes went from $800 to $5800 the first year.

Out here they've limited you to a 2% increase in property tax each year, with the assumption that the market value is always going to increase well beyond that. So buying one last year and getting locked into that base-plus-2%-each-year value is key.

[aparch]

Out here they've limited you to a 2% increase in property tax each year, with the assumption that the market value is always going to increase well beyond that. So buying one last year and getting locked into that base-plus-2%-each-year value is key.

Reason my coworker got dinged was that the seller was in their '80s and had their property taxes frozen/reduced for decades. Once the sale happened, the freeze was lifted and the property taxes went to where they should have been.


Mine went up $400 last year. That seemed to be our county average. (Of note, co-worker is in a different county.)

[French Rage]

Reason my coworker got dinged was that the seller was in their '80s and had their property taxes frozen/reduced for decades. Once the sale happened, the freeze was lifted and the property taxes went to where they should have been.

Yup, on a sale the assessed value resets to the new sale price (apart from some exceptions due to seniors and trusts and so forth). My father-in-law's place is worth well over two times what ours is but he pays about a third of us in property taxes because he bought back in the late 70s. Lucky sum*****.