Rstanley0312 1 #1 June 12, 2012 http://www.nytimes.com/2012/06/12/us/north-dakota-voters-consider-ending-property-tax.html?_r=1&hp I like this idea. Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
billvon 2,487 #2 June 12, 2012 Sure! Then what gets cut? Roads? Public water? Schools? Quote Share this post Link to post Share on other sites
Rstanley0312 1 #3 June 12, 2012 QuoteSure! Then what gets cut? Roads? Public water? Schools? Well.... they, unlike many states, have a pretty nice surplus so it is a unique situation.Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
PhreeZone 15 #4 June 12, 2012 They only have a surplus right now due to the oil boom. They had a boom back in the 80's too and it ended in the early 90's. The issue is once you get rid of this if the boom ends again (and it will) then there is no way that the population will vote to enable the property or other tax again.Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
Rstanley0312 1 #5 June 12, 2012 QuoteThey only have a surplus right now due to the oil boom. They had a boom back in the 80's too and it ended in the early 90's. The issue is once you get rid of this if the boom ends again (and it will) then there is no way that the population will vote to enable the property or other tax again. Oh I'm sure they will find other taxes to up or create.Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
ManagingPrime 0 #6 June 12, 2012 Quote Quote They only have a surplus right now due to the oil boom. They had a boom back in the 80's too and it ended in the early 90's. The issue is once you get rid of this if the boom ends again (and it will) then there is no way that the population will vote to enable the property or other tax again. Oh I'm sure they will find other taxes to up or create. Indeed. Out of state homeowners will benefit the most as they will not be subjected to the higher sales taxes, income taxes, etc. Retires will also see a benefit. Despite the claims from some that this will bankrupt some counties simple common sense dictates that shotfalls will be made up elsewhere...this is actually mandated in the proposal. It's renters, consumers and the working that will feel the additional pinch. Never really thought of ND as a retiree meca. Quote Share this post Link to post Share on other sites
DrewEckhardt 0 #7 June 12, 2012 Quote http://www.nytimes.com/2012/06/12/us/north-dakota-voters-consider-ending-property-tax.html?_r=1&hp I like this idea. As much as I feel the governments have grown out-of-control and dislike taxes I think it's a bad idea since it shifts more of the tax burden from businesses (which are paying property tax (perhaps indirectly as part of their rent ) regardless of how profitable they are on paper) to the citizens (who will eventually make up any short fall with higher income or sales tax rates). A better option is passing a law like Colorado's Taxpayers Bill Of Rights which prohibits tax collections increasing faster than the product of inflation and population growth where any excess must be refunded to the tax payers and spending is cut back to sustainable levels whenever there's a recession unless the people choose to pay more tax to support issues they support like local schools. Apart from the voter approved tax increases, under such a law people who stay in the same home see their property taxes drop over time in real dollars as their building depreciates and new more valuable properties are built. People are free to move without impacting their tax situation and new arrivals don't pay disproportionately high taxes for similar properties as under California's Proposition 13 which also protects the citizens from onerous growing property tax bills. Quote Share this post Link to post Share on other sites
Rstanley0312 1 #8 June 13, 2012 Quote Quote http://www.nytimes.com/2012/06/12/us/north-dakota-voters-consider-ending-property-tax.html?_r=1&hp I like this idea. As much as I feel the governments have grown out-of-control and dislike taxes I think it's a bad idea since it shifts more of the tax burden from businesses (which are paying property tax (perhaps indirectly as part of their rent ) regardless of how profitable they are on paper) to the citizens (who will eventually make up any short fall with higher income or sales tax rates). A better option is passing a law like Colorado's Taxpayers Bill Of Rights which prohibits tax collections increasing faster than the product of inflation and population growth where any excess must be refunded to the tax payers and spending is cut back to sustainable levels whenever there's a recession unless the people choose to pay more tax to support issues they support like local schools. Apart from the voter approved tax increases, under such a law people who stay in the same home see their property taxes drop over time in real dollars as their building depreciates and new more valuable properties are built. People are free to move without impacting their tax situation and new arrivals don't pay disproportionately high taxes for similar properties as under California's Proposition 13 which also protects the citizens from onerous growing property tax bills. I do like Colorado's model a lot!Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
