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Started By
Message
re: Property taxes - theft
Posted on 11/27/25 at 7:52 pm to Tantal
Posted on 11/27/25 at 7:52 pm to Tantal
quote:
$350 Electric $200 Water, sewage, trash $90 Auto insurance $60 Cell phone $90 Internet $600 Groceries, toiletries, etc. Total: $1,390/month $1,390×.5 (my stated hypothetical 50% tax rate)×12 (months)=$8,340.
Lol. You LSP end a total of 1390 a month?
And your position is that Prooerty taxes are fine?
FFS.
1
Posted on 11/27/25 at 7:56 pm to FriedEggBowL
quote:Seems somewhat arbitrary to me. They don't account for improvements nor account for poorly maintained and depreciated properties.
It's a state law that properties be re-assessed every four years to bring properties to market value, which could be higher. Could be lower. It's all dependent on how hot your area is for development. A good rule of thumb is to ask how much you have your house insured for. People will have their house insured for $400,000 and want it assessed as valuing at $200,000.
Posted on 11/27/25 at 8:24 pm to Diamondawg
quote:
Seems somewhat arbitrary to me. They don't account for improvements nor account for poorly maintained and depreciated properties.
There's several factors. Comparable sales are used, as are physical inspections and google earth data. A property could go down in value if an area becomes depressed and sales prices tank. That will show comparable sales as lower, and your value would decrease and your assessed value would decrease. Same thing can happen, but in reverse, if comparable sales of properties show a price increase.
I'm on the Board of Supervisors of a county in MS
Posted on 11/27/25 at 8:28 pm to FriedEggBowL
quote:If it's Madison, we need to talk!
I'm on the Board of Supervisors of a county in MS
Posted on 11/27/25 at 8:52 pm to moneyg
quote:
LSP
Not sure what this is.
quote:
And your position is that Prooerty taxes are fine?
I didn't say that they were "fine" or that I like them. What I DO like is having quality suburban schools to send my kids to (which is about 2/3 of my property tax bill), streets without potholes, and good Police and Fire services. I understood when I purchased my house that these things came at a cost. Nobody held a gun to my head in making the purchase. Now, when I retire I'll probably either move to my condo where the expenses are lower or buy rural land to live on.
Posted on 11/27/25 at 9:13 pm to Diamondawg
quote:
If it's Madison, we need to talk!
haha. it's not
Posted on 11/27/25 at 10:48 pm to LSUFootballLover
All taxes are theft, but it is the price of living in the all time greatest capitalist economy.
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