Of course the Democrats are always raising taxes on the middle class. Sometimes the upper middle class, sometimes the whole middle class. They talk about taxing the very rich or corporations, but this is ALL TALK. Doing so would require re-writing the entire U.S. tax code, or changing the way we file taxes completely. |
Why are some property owners paying no property taxes at all? Are those basically “subsidized” developers? In other words, those who promise they set aside a few units with lower rent? |
| If it means we can shelter more new neighbors fleeing Trump and red states then I don’t mind paying a little more. |
Good. They can afford it. Tax the rich!!!! |
It's because there aren't enough rich people. It sounds good, but the math doesn't math. |
Because Andrew Friedson keeps sponsoring bills to give developers full tax abatements. The number of affordable units isn’t above what’s required for any other development. He is very clear that his intent is to subsidize market rate apartment construction. It’s been an interesting experiment to see the impact (or lack of impact) that property tax breaks have on rents. |
Unfortunately it doesn’t mean that at all. Over time, this proposal will add to the structural deficit. Your goal, which is a good one, would be better accomplished by preserving the ITOC, passing a small property tax rate increase, and using the proceeds to fix the structural deficit and fund more income-restricted housing. |
| So for a married couple with an income taxable income of 140k, our county taxes would go down? |
Feel free to move to PG, DC or VA. I feel like if you live in MoCo you know what you're getting. |
The article is unclear, but the way it's worded, it seems it's per person income, so yea, if your HHI < $150K, it should go down. But, again, wording didn't seem too clear. |
Your income taxes would go down a little next year. If you also own a house, your property taxes would go up a lot this year and every year after. |
| Even Elrich thinks this plan raises taxes too much. |
Elrich is self serving because he's running for council. |
To be fair, it’s a higher increase for more than half of homeowners than the increase that he proposed. It’s a lower increase for wealthier people. That doesn’t make a lot of sense. He’s not like Friedson or Glass, opposing this tax increase while offering no spending cuts or alternative revenue proposals. |
Elrich as county executive has been robbing Peter to pay Paul in his budgets for years. There are so many structural defects now, that as the council tries to cut line item by line item, it's discovering that it's not so easy to find cuts in inadequately funded budgets. Go look at all the supplemental appropriations needed to pay for known services that he didn't pay for up front. Go look at the year end transfers as he switched funding among all the departments, again, because many were budgeted inaccurately. Council is at fault too because they never bother to correct things. The easiest and most prudent thing would have been to hold COLAS at 2%. Employees will still get a huge raise. Just not quite as huge. It would have slowed spending and made the fiscal cliff the county faces in FY28 more manageable. But council is a bunch of cowards. They are doing whatever feels publicly expedient to make constituents happy. The "feel good" votes instead of the "good government" votes. They are cowards and disgusting to watch |