True Home Ownership

9,435 Views | 129 Replies | Last: 3 days ago by JohnClark929
TRM
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Glad to see at least one Governor push for abolishing property taxes. I'd love to see Abbott push for this, but he can't even get the Texas House in line.
Quote:

Property taxes are local, not state. So we'd need to do a constitutional amendment (requires 60% of voters to approve) to eliminate them (which I would support) or even to reform/lower them…

We should put the boldest amendment on the ballot that has a chance of getting that 60%…

I agree that taxing land/property is the more oppressive and ineffective form of taxation…

AJ02
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Obviously the difference would have to be made up elsewhere. Where would that be?
AggieIce
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AJ02 said:

Obviously the difference would have to be made up elsewhere. Where would that be?


Consumption tax would be the fairest
Sid Farkas
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AJ02 said:

Obviously the difference would have to be made up elsewhere. Where would that be?


Tariffs? Let foreigners foot the bill for our (very limited) government.
AJ02
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AggieIce said:

AJ02 said:

Obviously the difference would have to be made up elsewhere. Where would that be?


Consumption tax would be the fairest


Trying to imagine how that would be. Would it be across the board on EVERYTHING? Every clothing purchase, every purchase from Lowe's or Home Depot, etc? And how much? Would a $50 pair of jeans now cost $65?

Or is it reserved only for "large" purchases, like vehicles, homes, boats, etc?

I honestly have no real comprehension of just how much tax revenue in Florida is derived specifically from property taxes, and how much you'd have to increase the cost of other goods to offset that.
AggieIce
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AJ02 said:

AggieIce said:

AJ02 said:

Obviously the difference would have to be made up elsewhere. Where would that be?


Consumption tax would be the fairest


Trying to imagine how that would be. Would it be across the board on EVERYTHING? Every clothing purchase, every purchase from Lowe's or Home Depot, etc? And how much? Would a $50 pair of jeans now cost $65?

Or is it reserved only for "large" purchases, like vehicles, homes, boats, etc?

I honestly have no real comprehension of just how much tax revenue in Florida is derived specifically from property taxes, and how much you'd have to increase the cost of other goods to offset that.


Everyone that owns or rents pays property tax, but everyone pays more in goods and services. So I'd imagine that it wouldn't need to be a super substantial amount. Plus with lower mortgages (for those that escrow) and lower rents people won't notice as much at least.
Aggie Infantry
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Just about every state and every county (and parish for LA) have a sales tax already. Typically, basic food stuff (hamburger, beans, veggies, bread, milk, etc...) are exempt along with medications.

1. There would have to be a limit imposed (10%?).
2. Continue exemptions on food basics and meds. But do tax frozen pizza, candy, soda, beer (this would impact me), and other junk food.
3. If the Feds want a national sales tax (all for it), then the limit would have to be increased (to 15%?).
When the truth comes out, do not ask me how I knew.
Ask yourself why you did not.
bigjag19
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I would certainly start buying a lot more stuff on biz trips and just bring a suitcase to bring **** back with. The northeast does this now with selecting which state to buy certain things in.
DaShi
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Desantis
AtticusMatlock
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Does Florida not have a sales tax?
BMX Bandit
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AtticusMatlock said:

Does Florida not have a sales tax?


What do you think?
ABattJudd
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We have a sales tax of 6%, with a few items having lower taxes (new mobile homes are 3%, amusement machine receipts are 4%, etc.). Some counties tack on a bit more. I'm in Lake County, and we have an extra 1% added on; Orange county next door has an extra 0.5%. We don't have a state income tax.

As a realtor and a home owner, I'd love to see property taxes eliminated. We have room to make up the difference in other taxes, such as sales and tourist taxes, and that would also allow people who rent to see that they have skin in the game as well.
"Well, if you can’t have a great season, at least ruin somebody else’s." - Olin Buchanan
rgag12
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If you got rid of property tax then you'd have to massively increase sales tax, and then also expand state government because you'd need apparatus in place to spread the tax out across the state. You'd have a situation where rural police, emergency services, and schools would have zero money and would have to be appropriated money from the urban parts of the state.

Property tax ain't going away.
ToddyHill
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Here in Tennessee, property taxes are low, potentially very low if you live in the county, outside city limits. The government makes it up with a very high sales tax…as much as 10.5% in places like Gatlinburg. And, groceries are taxed at 6.75%. It really hits the poor, imo.

Kenneth_2003
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You cannot support rural counties or even rural urban transition counties on sales tax.

There isn't enough population to support the businesses necessary to find the local services.

Example... Every ranch has one or more side by sides on the property... Bought in another, urban, county and bright in. I used to live in a mixed urban rural county North of Corpus.
As one of the largest counties in the region, we got a good deal of business in from smaller neighboring counties. Even still everyone frequently had to go to corpus or San Antonio for larger purchases.
mosdefn14
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Get the idea, but bad example. Every ranch with one of more sxs bought them tax exempt...
Sq 17
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The goal is to use this as
A tool to dramatically reduce govt and thing like rural schools police etc would be funded at much lower levels
Kenneth_2003
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Ok fair point there...

Walmart, or other basic clothing stores. I can guarantee that full time residents of Goliad county are going the majority of their shopping in neighboring Bee or Victoria counties.

Move out to the West... LaSalle or McMullin counties... How do they fund their fire, end, and sheriff departments? Rural farming or ranching counties... Fish fries and brisket plates don't fund a fire department.

That doesn't even begin to touch the schools..
cslifer
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If you replace property tax with sales tax the residents take on more of a burden and businesses get a free pass. It would take an awful lot of sales taxes to make up for the lost property tax revenue from a mall or big box store.
CheeseSndwch
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Would this be an elimination of all property taxes or just for a primary residence? I fully support an increase on consumption tax over taxing someone's primary residence.
chjoak
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Compromise option...... Homestead Exemption actually exempts you from property tax (rather than +10% cap/yr) after the taxes you pay at closing. That way you still have property tax on rental & commercial property.
rgag12
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Sq 17 said:

The goal is to use this as
A tool to dramatically reduce govt and thing like rural schools police etc would be funded at much lower levels



I'm curious to what you are suggesting.

Isn't the current property tax already levied and collected at the lowest level (county)?

Or are you suggesting that if rural counties can only scrounge up $250,000k in sales tax per year from their county, (which also needs funding), then that's how much police, EMS, Fire, and school funding they should get?
Jabin
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Tennessee somehow gets by with no income tax and low property taxes (in most but not all locales).

Perhaps the answer is to reduce government expenditures?
Kenneth_2003
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Jabin said:


Perhaps the answer is to reduce government expenditures?


Winner winner tax free chicken dinner!
BMX Bandit
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cslifer said:

If you replace property tax with sales tax the residents take on more of a burden and businesses get a free pass. It would take an awful lot of sales taxes to make up for the lost property tax revenue from a mall or big box store.
the walmart in central houston pays about $1mm in property taxes.

how much increase of sales tax would be needed to match that?
Maroon Dawn
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AG
Need to abolish property tax even if it means another kind of tax. You can never truly own your home if property taxes exist
AggieDruggist89
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Property tax should be unconstitutional.

Otherwise it's a forever lease.
MookieBlaylock
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AggieIce said:

AJ02 said:

AggieIce said:

AJ02 said:

Obviously the difference would have to be made up elsewhere. Where would that be?


Consumption tax would be the fairest


Trying to imagine how that would be. Would it be across the board on EVERYTHING? Every clothing purchase, every purchase from Lowe's or Home Depot, etc? And how much? Would a $50 pair of jeans now cost $65?

Or is it reserved only for "large" purchases, like vehicles, homes, boats, etc?

I honestly have no real comprehension of just how much tax revenue in Florida is derived specifically from property taxes, and how much you'd have to increase the cost of other goods to offset that.


Everyone that owns or rents pays property tax, but everyone pays more in goods and services. So I'd imagine that it wouldn't need to be a super substantial amount. Plus with lower mortgages (for those that escrow) and lower rents people won't notice as much at least.


People that rent do not pay property tax
Greener Acres
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For everybody that supports a consumption tax over a property tax, are you okay with the idea that the State Comptroller would effectively control almost all funding for every entity in the state? If you think that is not a true statement research the state's PVS program and how it impacts your appraisal district's valuation process and how the Comptroller's TNT forms dictate tax rates for your entities.

You can tell where somebody really sits on a political spectrum by how much trust they'd give to a large, distant, central government for their own local needs.
rgag12
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Surely the landlords pass property tax costs down to their tenants via their rents? If not I imagine they wouldn't be landlords for very long.
BMX Bandit
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Quote:

People that rent do not pay property tax
awful nice of those landlords to eat that cost and not bake it into the lease.

hopefully my tenants don't get wind of me being the only landlord not taking a loss on taxes
BMX Bandit
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Quote:

For everybody that supports a consumption tax over a property tax, are you okay with the idea that the State Comptroller would effectively control almost all funding for every entity in the state?
what if each county collected and distributed its own sales tax revenue?
Greener Acres
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BMX Bandit said:

Quote:

For everybody that supports a consumption tax over a property tax, are you okay with the idea that the State Comptroller would effectively control almost all funding for every entity in the state?
what if each county collected and distributed its own sales tax revenue?
That probably resolves the issue of local control, but it wont address the issue of rural counties needing to be subsidized by urban counties.
Kenneth_2003
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BMX Bandit said:

Quote:

For everybody that supports a consumption tax over a property tax, are you okay with the idea that the State Comptroller would effectively control almost all funding for every entity in the state?
what if each county collected and distributed its own sales tax revenue?

All sales tax is run through the state Comptrollers office. The state pulls their portion then the local portion is sent back.
BMX Bandit
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Kenneth_2003 said:

BMX Bandit said:

Quote:

For everybody that supports a consumption tax over a property tax, are you okay with the idea that the State Comptroller would effectively control almost all funding for every entity in the state?
what if each county collected and distributed its own sales tax revenue?

All sales tax is run through the state Comptrollers office. The state pulls their portion then the local portion is sent back.
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