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Latest post 03-10-2009 11:56 AM by albaby2. 1 replies.
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  • 01-01-2001 12:00 AM

    2009 Senate Bill 346 (Repeal Proposal A “pop up” through 2010 )

    Introduced in the Senate on March 5, 2009

    Click here to view bill details.
  • 03-10-2009 11:56 AM In reply to

    Re: 2009 Senate Bill 346 (Repeal Proposal A “pop up” through 2010 )

     Proposal A needs a rework. The home values (called Market Values) should be decided by the sales price of the individual home. Not all homes in an area are equal in value. Let the buyer and seller determine the value-not some arbitrary formula or survey of "similar" homes. That can be too subjective. As far as the CPI determining the inflation rate, What doers the cost of a gallon of gasoline or a pound of butter have to do with the value of a house. The "pop-up" is a phony arbitrary value that refelcts nothing. If we are going to keep indexing property values to the rate of inflation-they will never go down. The tax rate increase for this year included the price of gasoline which was around $4 per gallon when the calculation was made. What did that have to do with the price os an existing house. I can attest  that the values determining these formulas are not representative of true value. I sold a house that was valued at $198000 for tax purposes for 175000 and then only after 17 months on the market and bought another for 163000 that is valued for tax purposes at 178000. I had a certified appraiser value it at 166000 at best. Lets get back to reality and quit giving automatic raises to our municipalities based on arbitrary formulas. Lets find a different way. If this results in more voting too adjust millage rates, we can handle that. I don't think many people are getting raises adjusted to the CPI to cover the increased taxes etc.

    Also, submit legislation that would require assessors and realtors to declare the "pop-up" value of the taxes when the homes are advertised, not the present owners taxes.

     

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