Idaho, Time for a Property Tax Revolution

Property taxes are ad valorem (according to value). All appraisals ESTIMATE the market value of real property.

Income tax is based upon a percentage of your ACTUAL reported taxable income.

Now what it is you don't understand? Can you suggest a better method?

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Society has gotten to the point where everybody has a right, but nobody has a responsibility.

I'll pick up the ball and run with it.

The property tax sitaution is being brought on by the simple reason that most of the states are bankrupt. Between bloated state govts., declining infrastructure, and increased commodity costs, They simply can't balance their budgets. They do not have the luxury of prining up the money that need.

The federal govt has the luxury of running deficits. If they need more money for their bloated pork spending, they simply call up the Fed and say more money please. A few keystrokes later and pork is paid for. Why is congess an all year job today ? They used to meet one month a year, take care of business, then go home. Lets not forget the 'state grant'--your state begs for money, and the Feds throw you a bone, if you play nice.

Do you think your local or state budgets would allow all those 'pork' or local projects. No. Voters wouldn't have the tax increase unless it was really needed. So they go to congress and beg for some 'phantom' money, stuff they print up out of thin air, (that makes your dollars more worthless everyday), and volia...

At an estimate of yearly deficits is 8% of GDP. Reported GDP last year increased average 4.5 ish%.

Without running deficits we would have had -4%GDP or don't say it... recession...

Now lets talk about your 'incredible' real estate values.

States are generating money the best way they know how, tangable property taxes. The voters will not stand for tax increases anymore. Why do you think the Govt. gives passes tax relief in one hand, and runs up a trillion dollars a year in debt for the babies that are not born yet ? (by the way isn't that taxation without representation ?)

Is everything in the world all magically increasing in value ? No
What is decreasing is the value of your 'money'-ie Federal reserve notes, or dollars. (I like the F.R.A.U.D. !) Your house deteriorates every year and the value doubles ? OH it's the land... yea right- Iv'e seen that a 40 acre farm magically goes to 100k 1 acre lots with a trip to the zoning board.

If you property doubles and you don't sell- you simply pay more taxes to the govt. If you do sell, and stay in your area, what would you buy if everything has increased in cost. If you want to take that profit and move somewhere cheaper, its a good deal. But who wants to get run out of town from the govt. At some point, the people can take no more. WE are getting close to that point.

Savings is non-existent. Most people think credit is money today. 50% of the retirement population have less that 50k put away for the 'golden' years. Most retirees I speak to today, Who lost 40-50% of their nest egg in the y2k (stock casino move), think they will simply just work longer. There are not that many Wal-mart greeter positions in my town. With factories going overseas, and the govt. paying us not to farm... where will they work ?

What we are witnessing in slow motion is the end of the dollar. Debt is out of control and compound interest shows no mercy. The banks average less than %1 physical reserves (actual money they have on hand to what they have lent out/owe in deposits) With The Bilderbergs in high gear this weekend, who knows what will be coming down the pipe in the next few years (They did invent the Euro).

The corp-gov world of big business is just about finished with the good' ol American worker. Overseas labor is cheaper, no benefits. The consumer here is just about tapped out. No environmental regulation or govt-red tape outside the US. Simply put, compared to the labor pool world wide, Americans cost too much to employ.

In the equasion of business... commodity/ supply costs, fixed costs, taxes, and labor.... where do you think the cuts will be coming to maintain profit margins ? Labor has to come down. The Dollar has to come down to be competitive with the world labor market. Big corp business will not really feel the pain of the dollar fall because they are multinational and the US is but a segment of Business. It is the local economies that will feel the pain.

As oil begins to trade in Euros, Dinars, and Rubles, the US reserve currency will become less of a reserve.

I too have read about the ideas of 'redbacks' or a dual US currency. WE have already had 3 failed curencies in the US and we are only a couple hundred years old.

Not to sound too gloom and doom or pie in the sky, the adjustment will probably be somewhere in the middle.

I hope that when property values fall, the PVA's will be there to re-evaluate as often as they are today.

I think in the end, the banks will end up with alot of property as people 'go upside down' and walk away. It is sad because banks, with fractional lending are the one business that charge interest and fees on something they really never possessed.

Change is always around the corner....

(disclaimer of generalities, ramblings, and the greater fool theory )

Steve,

I understand how it works. My point is that the current system is unfair. Why should I pay taxes on an ESTIMATE of what my property MAY be worth IF I sold it TODAY?

To me, that is just as foolish as requiring me to pay taxes on an estimate of what my actual skills and services are worth on the free market.

In my opinion, it would be a much fairer system If my property taxes were based upon the actual real value of my home ... What I paid for it, with adjustments for inflation.

Nikki

47% increase here.

And neighbor down the road sold his spec house for $370k. His is one story, 3+2, mine's a three story (two plus daylight basement) that, theoretically, if finished would be a 5+3. And I have a detached garage.

Not only that, but the lot next door to the sold house was also sold. Water, power, & phone to property line, unimproved except for a degraded gravel road to power site.

Sold for over $100k.

I'm gonna get DRILLED on taxes next year.

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Gun-toting, church-going, homeschooling, right-wing conservative, happily married, stay-at-home mom of three living in the real United States of America!

As well you should,obviously you have a great wealth in your pocket.Forget that it isnt real money,just pretend money IF you sold it,which you didnt.You should be taxed on your POSSIBLE sale.

I dont think so,and Prop 13 says Im right.And somehow even with that protection we manage to have the 5th largest economy in the world,without some pie in the sky MAYBE valuation of my home.

I agree with the work analogy to,right on the money.

Anyhow,thats my opinion on the subject.

BooBoo

Boo - don't you got it right!

Oh yeah, I'm rolling in dough. Or so the county seems to think. Wow, I oughta just go out and buy houses left and right, since I got so much cash. Oh wait, but then I'd REALLY be worth money, at least based on what I might sell them for in the future, someday, like maybe if I can't pay taxes here any more. But you know, I MIGHT sell them, and MIGHT make a lot of money, sooo....

I guess they should take my guns away from me too, because I might shoot someone.

Or maybe they should seize my chickens, because they MIGHT get H5N1 from a passing oriole. And I MIGHT not kill them off if that happens.

My dog MIGHT bite someone. Better knock him on the head with a shovel and bury him now.

Heck, I MIGHT say something unpatriotic on the phone. Better jail me now.

Okay, I'm done with that.

California does just fine with their taxes based on Prop 13 (when they don't have an incumbent governor spending like a drunk with a stolen credit card). Idaho has significantly lower per capita incomes the California, and their state expenditures are significantly lower too. Yet they have carte blanche to rape the people living here because of the possibility of them selling out to Californians (and others) with big bucks in their pockets?

Not one ---- incumbent is going to get my vote. They should all be fired. But all they see are the big $$$$ from the developers and the contractors in their pockets.

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Gun-toting, church-going, homeschooling, right-wing conservative, happily married, stay-at-home mom of three living in the real United States of America!

Mine either. I've got one county commissioner living up the road apiece who somehow managed to get his own road completely redone. The county road near my house is actually crumbling but there aren't any funds to fix it.. Watch yourself on it ThreeJane. That's actually Guinness's job now. He's herding drivers away from the hole in the shoulder.

Smartgrowth Initiative

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I stand for Life, Marriage, Religious Liberty and Limited Government. This certainly was NOT a vote for Obama.

We still have the pro politicians,now they just go from one office to the next.
I think we should amend that to "Youve 'served' once,Adios Amigo"!

I think any half way intelligent person can serve,dont need pro's with the 'machine' running things.

A friend of mines solution?
Take the phone book(or equivilant),flip through it,arbitrarily pick a person,thats the President.And so on.You might get some losers,but mostly just an average Joe or Jo.They serve a term.Then they get the government pension.

Would be cheaper than what the crooks rape us for,and would actually represent us average people.

Sounds crazy at first,but after a while starts sounding pretty reasonable.

But incumbants,they gotta go,all of em.

BooBoo

How the the hell did we ever get to the subservient position to be paying rent to the state to live on our own property and under our own roofs anyway? I find that entire concept hideously offensive. Taxes should be collected at sale or at the consumption end. Taxing income and investment is particularly invasive and nasty.

Taxing one's home and land has to be the most foul concepts ever to spring forth out of the foul black twisted perverted sickening mind of the bureaucrat. Who ever thought it up should be roasting in hell with the rest betrayers of mankind. Oh, we'll add to that the concept of the personal property tax. Unfortunately the bloated state and local governments are so addicted to the flow of property tax revenue we may never be able to rid ourselves or this damnedable affliction.

Oh and if you want real results Bare I wouldn't bother with pitch forks and machetes and hoes. I'd go with torches, nooses and tar and feathers. Nothing says "lets talk" like an angry mob with torches.

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Respect The Cactus!

I have to see that again could not have said it better myself. Now tell us how you really feel quint.

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marching to the beat of a different drummer

If you Idaho guys/girls would do this, you could start a peaceful revolution that might sweep across the nation. Don't vote for the big money candidates. Pick a candidate that wants to manage tax funds wisely and is not in the pocket of those with the big $'s. It can be done...if you'll get off your buns and get your neighbors to vote with you.

Haaaah, I'll tell MtnMom, she's coming to visit me in a week or two!

I'm more afraid of running over Guinness than I am of running into the hole.

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Gun-toting, church-going, homeschooling, right-wing conservative, happily married, stay-at-home mom of three living in the real United States of America!

Quint:

No doubt. Peole always say, "But you own your house and property free and clear!"

Oh yeah, "free and clear" from the bank, maybe, but if I don't pay my dues to the gubbmint, they'll take my house away from me (that ostensibly I own and paid for, completely) and sell it to the highest bidder to get their cut.

I haven't gotten my personal property tax yet. I already paid for my jetskis and motorcycles - "free and clear" again - but I still have to pay for the privilege of owning them at all, whether I use them or not.

So yeah, we're paying rent to the gubbmint on property that's supposedly ours completely. Fed.gov has got to keep all those pensions, now don't they?



Surprised we don't have to pay taxes for each kid we have.

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Gun-toting, church-going, homeschooling, right-wing conservative, happily married, stay-at-home mom of three living in the real United States of America!

We paid 25,000 in income taxes ALONE last year,thats INSANE!
And folks pay tons more than that!

Imagine what we could have done with that kind of money.
Thats a freakin' new car per year!(BooBoo<--- who is sweating a new tranny for my car soon)

Government completely out of control.

We are fast on the way to slavery once again.

BooBoo

The tax system -income tax, property tax, etc., is inherently unfair. Just like life is.

The fairest income tax system would probably be the value-added system. A federal sales tax on all purchases except food. But it also has it's problems and inequities. As far as property taxes go, the ad valorem system is probably the only reasonable system there is. Paying paid upon what you paid for it, then adjusted for inflation, would be essentially the same thing resulting in the same value; assuming your inflation adjustment reflects the local real estate market rather than some other market indicator.

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Society has gotten to the point where everybody has a right, but nobody has a responsibility.

Adjust for inflation...

That's part of the problem. The stealth (inflation tax).

Not only do I have to pay the corp-gov year after year for the property I already own, I have to increase the number of dollars I pay for everything every year based on how much the govt. reduces the purchasing power of my available dollars by their endless, unabated, 10% YOY, increase in the money supply.

Which is then compounded by fractional lending....
exotic instrument like OTC derivatives. Electronic piles of slush money- sloshing around the system 24/7 in search of any return to maintain its purchasing power.

Monetize debt. I always likes that one.

The mountain of paper wealth is truly mind boggling.

It's a regular game around here of people moving stock, vehicles, boats and even airplanes at the first of the year to avoid personal property taxes. It breeds contempt of the government since everyone (except yours truly of course) is lying their asses off about what they actually own that is taxable personal property. I know of farmers who hide equipment in woods, temporarily sell equipment, take cattle out of the county and even out of state when the taxman cometh. I don't blame them one bit.

Oh and the reason you don't have to pay taxes on those kids is because they don't belong to you. They are the property of the state. Thought you knew that. Where you been? Ain't you been payin' attention?

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Respect The Cactus!

In 1932 the united States Senate voted and slipped over the House in preparations for the bankruptcy of the united States [search HJR 192] a little discussed seanate Bill which allowed people to take VOLUNTARILY their PRIVATE property and have it declared as PERSONAL PROPERTY which is then owned by the state in which they declare it in and then the state could "tax" the use of the personal property and raise the funding needed to run the busines of the state from the rent collected upon its new found assets, failure to pay the rent on the personal property results in that property being siezed by the respective taxing agent and given to someone who will pony up the rent on it to the state... not as confusing once a individual understands how it came about, and from all my research there is no avenue back that has been sucessfully applied thus far in history, and probably will never be so, cause the corporation has the use of the judges who like to be paid from those rents recieved..... cause a judge is just a lawyer who was probably going broke or made severe mistakes and had to be promoted.

William

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Upon the plains of hesitation bleach the bones of countless millions, who when on the dawn of victory paused to rest, and there resting died.
- John Dretschmer

*tcha* As long as I can homeschool 'em for the first five years or so, they can bring it on.

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Gun-toting, church-going, homeschooling, right-wing conservative, happily married, stay-at-home mom of three living in the real United States of America!