  Swingline Member Username: Swingline Post Number: 933 Registered: 11-2003 |
The Michigan Senate has passed Senate Joint Resolution H which seeks to prevent property taxes from rising if a property's SEV declines. http://www.detnews.com/apps/pb cs.dll/article?AID=/20090318/M ETRO/903180439/1361 The Republican sponsored resolution passed and it did have some Democratic votes. This misguided legislation would turn Proposal A on its head and lock in the tax savings that longtime homeowners enjoy by virtue of the Proposal A cap on tax increases. There are calculations out there that say that this feel-good effort will deprive local governments across the state of $253 million. Senator Deb Cherry issued this statement which explains the problem very clearly. It's kind of long but it reviews the whole problem. quote:Basically SJR H wants to increase a tax break to homeowners who have already been enjoying a tax break for 15 years (if they've owned their house for that long) at the expense of local government budgets and those folks unfortunate enough to be purchasing a house in the current tax year. Good politics, awful public policy. Our State senators should be spending more time figuring out how to inform voters why it's not necessarily unfair for their property taxes to rise modestly while their home value has declined instead of recklessly amending the tax code with the intent to influence the votes of uninformed homeowners. | ||
Gistok Member Username: Gistok Post Number: 6233 Registered: 08-2004 |
As a homeowner of the same house for the last 19 years, I can understand why long time howmeowners would be upset. Folks who have bucked the American trend to bounce around moving from house to house have been rewarded by that provision in the Headlee Amendment... up until now. Although I would personally benefit if this passed, I can fully understand those that disagree... it just throws the burden of taxation on others... | ||
Novine Member Username: Novine Post Number: 1259 Registered: 07-2007 |
This proposal would accomplish two things: 1) Lead a lot of local and county governments to go to their local voters and ask for increases in their local millages so that they can make up the difference. 2) Bankrupt many communities who can't convince their voters to support the requests under #1. This is what one expects from Lansing. For years, the legislators from both parties have been cutting back revenue sharing to local governments, forcing more of the burden for local government services onto local taxpayers. This will just be the final straw for some communities. | ||
321brian Member Username: 321brian Post Number: 646 Registered: 02-2006 |
This is just a piece of paper pushed to the front to get votes. Think of it this way. If your SEV goes down and your taxable value goes up that's just because it was over assessed for the last 10 years. Things are just balancing out now. I think everyone should appeal their assessments every year. If you get that SEV down far enough it may just meet and then lower your taxable value. | ||
Detroitej72 Member Username: Detroitej72 Post Number: 1353 Registered: 05-2006 |
Cutting back revenue sharing means that comunities will have a larger voice in local problems = libertarian principles = home- rule = good policies... Long live free market principles!!! <sarcasm>, now turned off | ||
Novine Member Username: Novine Post Number: 1263 Registered: 07-2007 |
"If your SEV goes down and your taxable value goes up that's just because it was over assessed for the last 10 years." Your an advocate for constantly declining property values? | ||
Swingline Member Username: Swingline Post Number: 935 Registered: 11-2003 |
A sensible Freep blog on this issue. http://www.freep.com/article/2 0090321/BLOG2501/90320096 | ||
Irish_mafia Member Username: Irish_mafia Post Number: 1261 Registered: 10-2003 |
Any proposal to increase any taxes in his state will continue the decline that Jen Jen brought forth upon entering office. I would submit the modest proposal that if your legislator suggests a tax increase, you pee on their leg. If they propose a tax cut, you buy them lunch. This sort of repetitive training will eventually teach them to act in a proper manner instinctively. | ||
321brian Member Username: 321brian Post Number: 657 Registered: 02-2006 |
"Your an advocate for constantly declining property values?" I am not a fan of inflated values. Prices were out of control for most of the past 10 years. The market is correcting itself. For it to do that prices have to go down. I think we are close to the bottom. Maybe another year or so and prices will slowly start rising. Tighter mortgage lending and lower property values are good things. Unless you over paid for some crazy-ass McMansion a few years ago. | ||
Rideron Member Username: Rideron Post Number: 198 Registered: 08-2008 |
Bought my house in G.P in 2000; taxes crept up yearly until by 2007 they were $8000 a year. Same year I got laid off. After a year of looking for a job, finally found one...In VA. SOld the house and lost $120,000 in 'equity' that turns out, was never there. BUT G.P. didn't see it that way, so am a resident of VA. now. | ||
Irvine_laird Member Username: Irvine_laird Post Number: 99 Registered: 02-2007 |
According to the aforementioned Free Press blog, the point will probably be moot by the time the public votes on it in 2010. So, yes, it helps the Republicans in the short-term. Politics is politics is politics. | ||
Bob Member Username: Bob Post Number: 1320 Registered: 11-2003 |
And the Republicans are desperate for any kind of victory right now. | ||
Xstigmatax Member Username: Xstigmatax Post Number: 14 Registered: 10-2008 |
"And the Republicans are desperate for any kind of victory right now." yeah the Republicans, who control the senate, must be "desperate for any kind of victory right now" | ||
Swingline Member Username: Swingline Post Number: 936 Registered: 11-2003 |
Rideron, sorry to hear that you relocated out of state. Your post is kind of confusing though. Are you saying that you moved to VA for a new job or because you needed to escape some kind of unfair property tax system? |
