Some municipalities may also have an income tax (completely separate from state or federal income taxes). Other states have much larger sales taxes.
Comment on ‘My Property Tax Went From $15K to a Life-Altering $91K a Year’
NotMyOldRedditName@lemmy.world 1 day agoThe thing about yearly property taxes is they often go to the city/municipality and that’s how they pay for things.
The city doesn’t charge income tax, that’s a state/province/fed level type thing.
We’d need a new way for cities to collect taxes themselves, or a new system to properly and fairly distribute taxes from the incomes to where they live based.
Definitely doable, but it’s a bit different than just raising taxes.
partial_accumen@lemmy.world 1 day ago
chunkystyles@sopuli.xyz 1 day ago
I pay a 1% income tax to my local government.
NotMyOldRedditName@lemmy.world 23 hours ago
Interesting, I’ve never personally seen that.
partial_accumen@lemmy.world 20 hours ago
Where I am we have fairly low property tax and a small municipal income tax. So it splits the burden equally. If you live outside of a municipality, there will be a small income tax to support your public school district. This is also on top of State taxes income taxes and Federal income taxes. Sales taxes are also a thing at the state and city level. Honestly, I don’t feel overly taxed with the total amount of money I pay in taxes. I receive the benefits of society. This is even for services I don’t consume, but I want the services available to my neighbors that may need them, such as housing assistance, elder care, supplemental nutrition, etc.
NotMyOldRedditName@lemmy.world 20 hours ago
Ya, I’m not opposed to the taxes, we gotta pay for the services somehow.
How do you actually do the taxes though? Is it completely separate from your federal/state that get filed each year? Or is it somehow combined with those into 1 filing and the city gets paid yearly from that? It seems like it would be a huge burden to be a separate thing, and it would be easier if it was somehow incorporated into a federal/state tax system where if your municipality has taxes you fill out a few spots and they money gets sent to them?
ExtantHuman@lemm.ee 14 hours ago
My city charges income tax. As does the locality I actually live in. Plus property tax. Plus a School in me tax on top of it…