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Title: ‘We are in peril’: How skyrocketing property taxes are threatening the future of one Chicago neighbo
Source: [None]
URL Source: https://www.youtube.com/watch?v=P-bmPskZNAg
Published: Feb 7, 2023
Author: Horse
Post Date: 2023-02-07 20:41:32 by Horse
Keywords: None
Views: 688
Comments: 19

Poster Comment:

The problem is spending excesses. The insanity ends when voters get a brain.

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Begin Trace Mode for Comment # 5.

#3. To: Horse (#0)

Yes, the problem is huge spending.

And how can you move out of that situation when prospective buyers of the home will see the tax bills they will need to pay?

Pinguinite  posted on  2023-02-07   22:21:40 ET  Reply   Untrace   Trace   Private Reply  

You can't. You take the loss. In California, they exempt older property owners from new taxes. Thanks to Reagan supporters and the initiative process.

Horse  posted on  2023-02-08   4:02:49 ET  Reply   Untrace   Trace   Private Reply  

You can't. You take the loss.

Yup.

Happened to us, in the Socialist state of Vermont. My parents' beautiful old house upon their passing (a house known and loved by many not even living in the state) sold for less than the total property taxes my father had paid in the last 30 years, less than a third of its value. New owners got a great deal on price, now also only pay less than a third of what my dad struggled to pay each year in taxes. Worked out great for the new owners, we the heirs, not so much.

AllTheKings'HorsesWontDoIt  posted on  2023-02-08   15:58:42 ET  Reply   Untrace   Trace   Private Reply  

        There are no replies to Comment # 5.

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