“Property tax hike hits some hard” plus 3 more |
- Property tax hike hits some hard
- Prop 13: Eliminates property tax reassessment for quake safety upgrades
- No property tax increases in Raleigh budget proposal
- Residents blast property tax hike
| Property tax hike hits some hard Posted: 18 May 2010 10:30 AM PDT Winnipeg property tax bills are arriving in mailboxes this week and some people in the inner city are getting a big shock. Property values in that area have increased by about 117 per cent in the past year, according to the city. That's far more than any other part of Winnipeg. And it has left some people on fixed incomes searching for a way to pay. Clara, an 82-year-old widow who has lived on Furby Street for 45 years, received a tax bill that is nearly $300 higher than it was in 2009. Her only income is her old age pension. "If I have to pay, I have to pay — somehow. I just live from day to day and I just pray [to find the money to pay the bill]," she said. "I don't know. I'm going to try to save it from my old age [pension]." The good news is that her neighbourhood is improving as young families move in and fix up dilapidated houses. The increase in her taxes reflects the improved value of her home. Clara, who didn't want her last name published, said she has always paid her property taxes on time and will do it again this year — even if it means skimping on food for a while. Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Prop 13: Eliminates property tax reassessment for quake safety upgrades Posted: 18 May 2010 12:49 PM PDT
Proposition 13 on the June 8, 2010, Primary ballot is a constitutional amendment that would prohibit reassessment of property tax value on existing buildings that are seismically retrofitted. Currently, thanks to two exclusions approved over the years to 1978's Proposition 13 which limits property tax reassessment increases to 2 percent for inflation of a property's assessed value at the time it is first sold, earthquake safety upgrades can trigger a property value reassessment. The 2010 Prop 13 would combine those two exclusions into one and eliminate the earthquake retrofit exclusion. Property would not be reassessed until it is sold. Supporters of the measure say it will encourage property owners to make quake safety improvements. It will also eliminate the current 15-year exclusion for tax reassessment on safety upgrades to un-reinforced masonry buildings to no time limit. Again, only when the property is sold will its value be reassessed for tax purposes. The financial impact is expected to be a small reduction in property tax revenues. The Secretary of State Official Voter Information Guide does not list any formal opposition to Prop 13. The Easy Voter Guide says opponents don't want any more exclusions to property tax assessments. News10/KXTVFive Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| No property tax increases in Raleigh budget proposal Posted: 18 May 2010 12:51 PM PDT
RALEIGH -- Raleigh's proposed budget plan cuts spending but excludes property tax increases.
City Manager Russell Allen plans to slash spending by more than 11 percent, bringing the total budget to more than $620 million. The budget would eliminate at least two dozen vacant positions, but would also add nearly a dozen new positions. It would maintain the current property tax rate of $37.35 per $100 of value. The only general fund fee increase is a $5-per-year hike on motor vehicle taxes. The increase would support Capital Area Transit. A public hearing on the proposal is scheduled for June 1. Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Residents blast property tax hike Posted: 18 May 2010 12:37 PM PDT
The public sent a unanimous message to the County Council at a Monday night hearing: Don't raise real property tax rates. About a dozen people testified against the proposed tax hikes -- all in Hilo except for two each in Waimea and Kona. The council will consider the bill June 7 in Hilo. Under the proposal, the tax rate on residential land and buildings would go up from $7.10 to $9.10 per $1,000 of assessed valuation, while apartment rates would rise from $8.10 to $9.85, hotel and resort rates from $9 to $9.85, agricultural rates from $6.35 to $8.35, conservation from $8.55 to $9.85, and commercial and industrial from $9 to $9.10. Both homeowner-occupant rates and affordable rental housing rates would remain the same, at $5.55 per $1,000 of net valuation. Fred Housel asked the council to do a "sanity check" before raising tax rates. "Many residents are just getting by, tapping savings and retirement accounts to pay the bills. ... There's no question that taking more money from people's pockets at this time will have a negative effect," he said. "With the proposed tax rate increases in residential, apartment and agriculture, rents will have to be raised, making the cost of housing even more expensive." Tim Rees said homeowner-occupant rates are too low, but added he "cannot find a good reason" for the proposed rate hike on ag land and buildings.
"If you're in farming, with 150 inches of rain a year, you're required to have structures that you may not have in a better climate. They're not luxury items," he said. "No farmer I know builds a luxury corral, or barn, or shed for animals where they can birth. These are essentials. We keep talking about agriculture and how we want to promote it. Then why would we be raising this up? It's kind of like kickin' people when they're down."
Edward Paulos said he bought property 20 years ago with the intention of giving it to his children, but he can no longer afford to keep it.
Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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