Re: tax reval result on a Google Map
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Home away from home
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It's like a piece of art. I want to order a print and frame it! LOL
Posted on: 2018/2/27 19:44
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Re: New Tax Rate is Insane!
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Home away from home
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But bodhi, the ratables!!!! Hahahaha
Posted on: 2018/2/27 14:04
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Re: New Tax Rate is Insane!
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Home away from home
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Nailed it.
Posted on: 2018/2/26 21:12
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Re: New Tax Rate is Insane!
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Home away from home
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Jesus Christ, it's like talking to a wall. You just don't get it. I try to stay respectful, but you make it very, very difficult.
Posted on: 2018/2/26 20:48
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Re: New Tax Rate is Insane!
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Home away from home
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The only flaw here is if anything changed with Abbott funding. Then the city would be up the creek.
Posted on: 2018/2/26 20:16
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Re: New Tax Rate is Insane!
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Home away from home
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And again, if you're complaining about paying 1.62%, you truly have lost your mind. Considering the state picks up most of the $700mm school budget, for awful and failing schools, you have nothing to complain about.
Question for the group, how many total actual properties are in JC in this reval? Divide that by $500mm or so, and then tell me 1.62% is too high. I didn't think so.
Posted on: 2018/2/26 19:55
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Re: New Tax Rate is Insane!
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Home away from home
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Yvonne, you keep talking about the ratables not realizing you're defeating your own argument. As pointed out right after, the ratables lay more towards the city than non ratables on a percentage basis. Since PILOTS pay nothing for schools, and the schools are subsidized heavily by the state, one could argue PILOTS aren't the problem.
Market appreciation is the fundamental reasons your house rich friends are paying higher, but finally appropriate, taxes on their million dollar plus homes. Yes they got sweetheart deals but we are here now. Again, you keep crying wolf on them saying they're losing their homes, which makes YOU part of their problem. There are options. If they anyone loses their home, they're either too stupid, or too lazy to seek out these options.
Posted on: 2018/2/26 19:53
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Re: New Tax Rate is Insane!
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Home away from home
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I know I just said I'd stop trying to explain, but here I am. Yvonne, respectfully, no one is arguiing the points you're making about the impact of abatements, but they're not relevant to this discussion. At 1.62%, that's one of, if not the, lowest rate in the entire STATE. I fyou're friends are sitting on multi million dollar properties, they're not poor, and as mentioned before, need to consult a banker to access that equity and pay the taxes.
Posted on: 2018/2/26 17:55
Edited by HeightsNative on 2018/2/26 18:18:25
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Re: New Tax Rate is Insane!
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Home away from home
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You're completely missing the point of Current Market Value, i.e. what someone is willing to pay for it, today. Oh, nevermind. I've seen the pointlessness of trying to explain this.
Posted on: 2018/2/26 16:20
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Re: New Tax Rate is Insane!
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Home away from home
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I can't wait to see the pics afterwards of 5 old folks shivering in the rain LOL
Posted on: 2018/2/22 19:40
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Re: New Tax Rate is Insane!
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Home away from home
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Who's organizing this sad protest?
Posted on: 2018/2/22 19:01
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Re: New Tax Rate is Insane!
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Home away from home
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Parkman: "recharge their outrage"
Also Parkman: "I didn't say outrage in my original post" Yes of course I understand sarcasm. But you're not being sarcastic. Downtowners are very outraged and their perception of what is going on is horribly misguided. You're just one of many trying to spin this fictitious unfairness under the guise of altruism. Just stop. It's not doing any of you any favors.
Posted on: 2018/2/22 12:36
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Re: New Tax Rate is Insane!
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Home away from home
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Ha. Outrage. You have no right to be outraged (bummed maybe). And given all the reasons listed before, if you're outraged, you're an indecent person.
Posted on: 2018/2/22 4:44
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Re: New Tax Rate is Insane!
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Home away from home
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You nailed it, on all fronts. If a reverse mortgage isn't your thing, think about this. If you sold your place for $1.5mm and rented a place in the same neighborhood for $3000 a month, you'd be able to pay that rent for roughly 41 years just off the proceeds of the sale (I didn't factor in broker fees etc). I'm emphathetic to such a shock, but it's all been said before. You all knew it was coming. And you've all experienced many years of underpaying, subsidized by the poorer parts of JC. Nothing will change that at this point. And you don't have to leave your longtime home. Stop with the overreactions and get a plan together for next steps.
Posted on: 2018/2/22 4:43
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Re: New Tax Rate is Insane!
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Home away from home
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At this point what does it matter? Oh yeah, of the state comes in says "pay for your own schools", it's going to matter a TON. That day will surely be upon us at some point. Hence why you need to listen to people who call for an end to the abatements.
Posted on: 2018/2/21 0:09
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Re: New Tax Rate is Insane!
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Home away from home
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You're being generous in stating that this money is educating kids. It's definitely spent on the education system, but said system is hardly educating JC kids.
Posted on: 2018/2/17 15:48
Edited by HeightsNative on 2018/2/17 16:12:20
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Re: New Tax Rate is Insane!
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Home away from home
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But precisely ZERO of that PILOT money goes towards JC schools. The state makes up the difference. What is so hard for you guys to understand about abuses and overused of abatements? Yes they're useful. But downtown hasn't needed to give them out for the last 10 years, but they have. Like candy.
Posted on: 2018/2/17 13:47
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Re: New Tax Rate is Insane!
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Home away from home
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Yes, and those people who can't comprehend it are the ones downtown crying foul. Thank you for confirming!!
Posted on: 2018/2/15 22:01
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Re: New Tax Rate is Insane!
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Home away from home
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Again, a phase in would only benefit the 1/6th of the city that has significantly underpaid for years, while the other 5/6ths would continue to overpay. That makes absolutely no sense whatsoever and seems so obviously rooted in self interest. Everyone knew this was coming but didn't believe how severe it would be, and now everyone's crying poor. Others here have said it, there ARE options (appeals, senior freezes, et); nobody, and I mean NOBODY, will have empathy or sympathy for someone sitting on a $1mm+ home valuation. Regarding state law, what SHOULD change is JC receiving as much state aid as it gets for its schools. That should be over and done with after this.
Posted on: 2018/2/15 15:51
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Re: New Tax Rate is Insane!
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Home away from home
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No, sir, you clearly don't get it. In a normal scenario (one in which the city conducts regularly scheduled revals and the equalization ratio doesn't reach below 25%!), the time anyone "overpays" or "underpays" is a few years, depending on growth in various parts of the city. When a city is this far out of whack, yes, the majority of the city is significantly overpaying because the majority of the city is not valued properly and an appropriate tax rate isn't applied. An appeal would yield minimal results without a full reval.
Posted on: 2018/2/14 22:17
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Re: New Tax Rate is Insane!
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Home away from home
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You can't deny Fulops 4 years of purposeful delay added significant strain to the downtown residents. That's directly his fault. He purposely delayed it long enough to get reelected,and that cost JC tax payers millions in legal fees, and downtown residents 4 years of explosive growth added to their assessment.
Posted on: 2018/2/14 12:16
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Re: New Tax Rate is Insane!
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Home away from home
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Sure is taking them a while to post Ogden Ave LOL. Unless I missed it.
Posted on: 2018/2/13 13:02
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Re: JC Real estate Ar·ma·ged·don - Supply glut!
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Home away from home
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Yes, forgive me; it should have said "some MAY see" based on cost increases to owners I know. Apologies. Either way, it ain't good.
Posted on: 2018/2/9 15:44
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Re: JC Real estate Ar·ma·ged·don - Supply glut!
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Home away from home
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It's anecdotal but a friend of mine is an owner downtown. his costs are going by more than $1000 a month and he doesn't know if he can pass it through to his tenant or not, legally. Someone on the other thread brought this up. It is an unreasonable increase of your costs went up by as much? Can any lawyers weigh in?
Posted on: 2018/2/9 14:46
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Re: JC Real estate Ar·ma·ged·don - Supply glut!
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Home away from home
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That's not that bad. Some are seeing $1000+ increases.
Posted on: 2018/2/9 14:09
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Re: JC Real estate Ar·ma·ged·don - Supply glut!
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Home away from home
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For newer, long term abatements, sure. But many are already midway through shorter abatement cycles. Any smart investor sees the bigger picture and would stay far away. On a net basis, this is a disaster for DTJC.
Posted on: 2018/2/9 14:03
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Re: New Tax Rate is Insane!
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Home away from home
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Rich, you keep confusing tax amount with tax RATE. These elders and everyone else are going to pay one of the lowest tax RATES (1.6%) in the entire state. However the value of heir homes are over a million bucks so again, you can't expect sympathy. Because again, those people have disproportionately underpaying relative to the value of their homes for years, even decades. Look into reverse mortgages etc. there are solutions that can stave off moving.
Posted on: 2018/2/7 15:05
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Re: New Tax Rate is Insane!
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Home away from home
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A fair point, pre reval. But doesn't this mean you're still paying close to $10k post reval at a similar valuation of your neighbors while your neighbors will pay close to $30k post reval? If I have that correct, that's still messed up, just in reverse. And to someone's earlier point, there is no sympathy for DTJC residents paying the proper tax on million dollar homes while underpaying for many years. Remember, 1.6% is still one of the lowest rates in the entire state! All the while still making the state subsidize 2/3 of the JC school system. That's a pretty solid deal in my view.
Posted on: 2018/2/7 13:53
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Re: New Tax Rate is Insane!
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Home away from home
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And none of them list the new taxes of course.
Posted on: 2018/2/6 5:02
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