I wonder if there should be an exemption for those on Social Security.
That said, I don’t know of a good way to ensure that an exemption like that wouldn’t be abused.
RBWells@lemmy.world 3 days ago
Here the increases are capped at 3% per year if you live in the house. I lived in a shitty house we bought for 35k in the 1990s crash, and property taxes when we sold it in the breakup 20 years later were still under 1k a year, though insurance was crazy high. With husband we had to buy a much more expensive house, there are no shitty ones for sale anymore, all are snatched by corps to flip and rent. So now it’s high but in 20 years maybe it will seem low again. Especially if the market crashes and it’s re-assessed more reasonably.
It’s just inflation, I do think someone owning a home costs the city in roads, trash, transit, other services, Is not crazy to tax on property ownership.
DerArzt@lemmy.world 3 days ago
Sconrad122@lemmy.world 3 days ago
My city has a senior discount on property taxes, where seniors that have a net worth and income both below certain numbers pay reduced or as low as 0% of their regularly assessed property tax. I’m not sure how they verify net worth, but it seems like a good system to me as long as they have figured out a way to do that efficiently and effectively
fuzzzerd@programming.dev 3 days ago
I think most places have a senior freeze, so once you qualify it doesn’t go up anymore.
PlasticExistence@lemmy.world 3 days ago
Inflation is also not what the guy with the sign is taking into account in his complaint. He’s at least 40 years older in that picture than he was when he bought his property if he’s getting social security. The real purchasing power of whatever he paid back then is much smaller than the same number of dollars is now.
$5000 in January 1985 would be the same as $15,055.50 now according to the inflation calculator on the Bureau of Labor Statistics
MDCCCLV@lemmy.ca 2 days ago
Yeah, if you are comparing the house you bought in 1980 for 10k dollars and say you pay 5k in tax every three years, using 2025 dollars then that is totally useless as a statement.