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View Diary: Cuomo's Property Tax Cap is a terrible idea (26 comments)

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  •  Lets just tax the wealthly landowners. How (0+ / 0-)

    about cutting taxes and let people keep the money they earn?  I know it is a novel concept.

    •  i couldn't agree more (0+ / 0-)

      down tax taxes on productive work and uptax land values which no single person creates. It is insanity that if you spend your time and your dime to improve your home that your taxes go up yet the abandoned building or vacant lot sits idle with virtually no taxes on it.

      •  In the early 70's my parents bought a (1+ / 0-)
        Recommended by:

        house on the water. Back then the taxes were an heard of $3000. They are now over 22K per year. Can someone tell me why. The school district closed schools so it can't be te school taxes. They get the same services as every one else. And btw they are not rich. The house had to be sold because when you are retired you can't pay 2K a month for taxes.

        If we all just stopped voting would they all just go away?

        by longislandny on Mon May 24, 2010 at 11:39:41 AM PDT

        [ Parent ]

        •  How can they afford that? How can they ever sell (0+ / 0-)

          the house with that much tax on it?

        •  you have hit the nail on the head (2+ / 0-)
          Recommended by:
          HeyMikey, neroden

          because others who find ways to skirt paying their fair share of taxes, regular people who don't have that access end up paying the bill.

          I don't know where in LI you are but I can tell you that when big box stores get put up they often get 25 year tax abatements. Your parents end up paying for things like that. When empty lot owners sit on properties and the like the local government seems to have little choice. But if they switched the property tax to the value of the land suddenly a whole lot more property would go into productive use. LI has definitely been poorly managed in this regard.

          •  Taxes on LI are very high and the (1+ / 0-)
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            North Shore because it is considered a good place to live is exorbident. They were one of the lower taxes in their neighborhood. Taxes on the Gold Coast house are more than the national average for salaries. Rents in the Hamptons go for 50K for 1 month, I wonder if the home owners claim all that rental income.

            If we all just stopped voting would they all just go away?

            by longislandny on Mon May 24, 2010 at 12:10:11 PM PDT

            [ Parent ]

        •  Actually, it is partly school taxes (0+ / 0-)

          The school districts have been losing state funding, so they've been raising property taxes to make up the difference.... they're also required to provide more and more services.  Unfunded.

          Similar problem: In NY the counties are required to pay for a large part of Medicaid, out of property tax.  In every other state, Medicaid comes out of the state budget.

          Of course the main reason, for your parents, is that houses on the water have vastly increased in value over time.

          -5.63, -8.10. Learn about Duverger's Law.

          by neroden on Mon May 24, 2010 at 01:00:40 PM PDT

          [ Parent ]

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