Maryland Rain Tax going into effect

[Meandering]

Yup! The government is coming to help you.

The tax will be on impervious surfaces, roofs, paved driveways, all those places that rain water can not drain into the soil.

And they know who you are and how big you driveway and roof are, from satellite imagery.

At some point, appraisers are going to have to start to more heavily way the burden of taxes when comparing comps. Because at some point, it's going to make a difference in purchase decisions.

http://news.yahoo.com/included-mary...in-tax-exactly-sounds-031617277--finance.html



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[Restrain]

We've had that for years, thanks to the Feds and SWPPP rules.

 

[TJSum]

Yup! The government is coming to help you.

The tax will be on impervious surfaces, roofs, paved driveways, all those places that rain water can not drain into the soil.

And they know who you are and how big you driveway and roof are, from satellite imagery.

At some point, appraisers are going to have to start to more heavily way the burden of taxes when comparing comps. Because at some point, it's going to make a difference in purchase decisions.

[url]http://news.yahoo.com/included-maryland-controversial-rain-tax-exactly-sounds-031617277--finance.html[/URL]



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Welcome to the peoples Republic of Maryland, aka Absurdastan. The state is losing high end tax payers and businesses with each passing of higher and higher taxes.

I see annual real estate taxes someplaces as high as 5% of the actual worth of the home, and they wonder why those neighborhoods are still circling the drain while others are recovering.

 

[Mountain Man]

Wow, talk about the best way to run people out of your state... taxes and regulations, that's why Detroit is such a beloved destination now. Do they offer a credit for rain barrels? Rain water collection may become a booming biz there.

 

[CANative]

I lived in Virginia for years. The Chesapeake Bay and it's estuary is an extremely important resource in terms of economic boon as well as natural beauty and urban runoff is damaging it.

The environmental concerns caused by pollution in the runoff not to mention additional fresh water in the system harms the fisheries, the wildlife and a number of other important elements that go to a healthy system. It is the source of dollars from tourism, restaurants, hotels, gas stations, etc., ad infinitum.

Who should pay to mitigate the problem and where is the money to come from if not the individual property owners who's concrete and rooftops enable this?

 

[RSW]

I just want to know where all the tire dust goes?

 

[pat outlaw]

here is another maryland good one: if an out of state resident who owns property in maryland sells the property, they are subject to an additional tax (i believe like 3% of the proceeds); in state residents (who vote) are not subject to it, but out of state residents (who can't vote) are subject to it; that should encourage outside investment

 

[pat outlaw]

correction: 6.75%

 

[Meandering]

Welcome to the peoples Republic of Maryland, aka Absurdastan. The state is losing high end tax payers and businesses with each passing of higher and higher taxes.

I see annual real estate taxes someplaces as high as 5% of the actual worth of the home, and they wonder why those neighborhoods are still circling the drain while others are recovering.

Our starter homes, most are nearing the 10% range for annual RE Taxes to value. So why would young people stay and buy a home? They aren't. Brain drain is the name of the game.

I lived in Virginia for years. The Chesapeake Bay and it's estuary is an extremely important resource in terms of economic boon as well as natural beauty and urban runoff is damaging it.

The environmental concerns caused by pollution in the runoff not to mention additional fresh water in the system harms the fisheries, the wildlife and a number of other important elements that go to a healthy system. It is the source of dollars from tourism, restaurants, hotels, gas stations, etc., ad infinitum.
Who should pay to mitigate the problem and where is the money to come from if not the individual property owners who's concrete and rooftops enable this?

Ditto this,

But the biggest problem with the Bay is its an ecologically sensitive area surrounded by too many people in too small a space. That, and the government facilities have the largest segments of impervious areas, let's not talk about generations of military occupation and pollution, but the government is not taxable, so the citizens can take up their pro-rota share of that too.


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[Pat Butler]

Just because there is an impervious surface for a small area like a house doesn't mean that the water does not eventually migrate into the soil beneath the house.

Depending on the perculation of the soil it's very probably that the water runoff from a roof eventually finds its way to the soil beneath the house anyway. Or else, the water flows out into the yard and is absorbed by the excess water-bearing capacity of the soil in the yard.

I can see where large parking lots can have a bad effect, but not houses with even a modest size yard.