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Why Property Taxes Need Abolished

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Terrel L. Shields

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Arkansas
Appraising an old farm where the assessor has $50,000 or so contribution for the dwelling. The dwelling is frame, corrugated steel roof, vinyl siding (pretty old), and is 2 sty that was probably constructed in the 19th century, certainly before WWI. The assessor has it "average" condition. "Hardwood" floors and carpet. A bath and ½ and in their precision way estimates that its a grade 4 PLUS 5%....cutting it pretty fine for an exterior inspection. Eff. age 38.

The exterior isn't bad appearing...but those "hardwood" floors are soft pine directly nailed to the floor joists. No carpet, none. Some linoleum in kitchen and a front room without a name. Upper level is original paper over plaster and abundant leaks. Its worse than a good attic. There is a wash basin in the utility which is in an enclosed porch...the ½ bath I assume.

Sure the owner could appeal to the BOE...blah blah blah. The owner is in his 80's and has been in a wheelchair for decades, a vetern who spends a lot of time in hospitals and rehab. Only by mortgaging his home and utilizing home health nurses can he stay in his own house. When he is gone the obvious end of the house will be a dozer (most likely) or some extreme home makeover expert will do a rehab that will exceed the cost to simply replace with a similar sized house.

Not to fault the assessor appraisers worse than any other skippy. Ours are pushed by the county government and assessor like H3ll to 'make value'. One admitted to me that they were "aggressive" in their appraisals. That is no excuse. If the assessor cannot value these properties accurately, then why not just put a dart board up and let the homeowner throw darts to determine the value of their home? It's surely as accurate as some joke like this.
 

Couch Potato

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Mar 15, 2004
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North Carolina
In the civilized parts of the country, such an individual is exempt from property taxes.
 

Terrel L. Shields

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Arkansas
this is Arkansas. We produced Bill Clinton and Mike Huckabee....we are not civilized...just border ruffians who weren't mean enough to live in Oklahoma...
 

Dean

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State
Tennessee
okay, maybe not.
 
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Lawrence R.

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Mar 27, 2007
Professional Status
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State
South Carolina
Terrell,

(edited for snarkiness).

Enjoy your bliss.

Have a nice day.
 
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Ariba

Senior Member
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Feb 8, 2004
Professional Status
Certified Residential Appraiser
State
Colorado
Colorado has a Senior Property Tax Exemption. Fifty percent of the first $200,000 in actual value of their primary residence is exempt from property tax

Qualifying senior must be 65 years or older.
Owner of record.
Primary residency.
Lived in the property for the last 10 years.

http://www.cobar.org/docs/brochure100201.pdf?ID=93
 

Dean

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Tennessee
But if Huckabee gets in, and keeps his pledge to introduce the fair tax, one of the components of that is the possible abolishment of property taxes..
 

Ariba

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Colorado
But if Huckabee gets in, and keeps his pledge to introduce the fair tax, one of the components of that is the possible abolishment of property taxes..

Ok, I will bite, what is a fair tax? Fair to who?

How can a president abolish state property tax? How will the states pay for the schools system, fire department, water districts, etc.

However, if he did, what would replace the property tax revenue stream?
 

Tom Woolford

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Florida
www.fairtax.org

And please, before anyone bit*hes about it, actually READ the plan. Most people with negative comments have not actually read the plan, let alone takes the short time it takes to understand it.
 
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Lawrence R.

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Mar 27, 2007
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State
South Carolina
www.fairtax.org

And please, before anyone bit*hes about it, actually READ the plan. Most people with negative comments have not actually read the plan, let alone takes the short time it takes to understand it.

You should know by now Tom, nobody needs to read anything that addresses a problem to know it won't work and they don't like it....

Wasting your time here.
 
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