“Mansion tax” to be introduced by Grosso in DC for homes worth over $1million

[Anonymous]

I am so done with this guy. He lost me at “mansion” to describe a million dollar property in DC.

"It's about redistributing the wealth, and I think that we can get a lot more recurring dollars in our budget to invest in the priorities that we should be investing in in the District."

Robert White sounds like the adult in the room:

White also noted that there are some "house-poor" homeowners who purchased in certain neighborhoods for the schools, as well as long-time homeowners whose property may be valued high solely because of changing neighborhood valuations, and that the tax wouldn't be equitable if it doesn't capture renters of luxury properties with ample disposable income.

https://dc.urbanturf.com/articles/blog/dc-councilmember-grosso-proposing-a-mansion-tax/15375

[Anonymous]

I never liked Grosso, but this is only going to make expensive houses even more expensive.

Ridiculous.

[Anonymous]

Anonymous wrote:I am so done with this guy. He lost me at “mansion” to describe a million dollar property in DC.

"It's about redistributing the wealth, and I think that we can get a lot more recurring dollars in our budget to invest in the priorities that we should be investing in in the District."

Robert White sounds like the adult in the room:

White also noted that there are some "house-poor" homeowners who purchased in certain neighborhoods for the schools, as well as long-time homeowners whose property may be valued high solely because of changing neighborhood valuations, and that the tax wouldn't be equitable if it doesn't capture renters of luxury properties with ample disposable income.

https://dc.urbanturf.com/articles/blog/dc-councilmember-grosso-proposing-a-mansion-tax/15375

Welcome to the "Democratic" party my friend.

[Anonymous]

Please please please please let's get some Republicans on the Council balance these fools out.

[Anonymous]

A $1 million dollar home is expensive for DC. Even if you stretched to buy it and are house poor. You're still way rich compared to the 25% of DC residents are living below the poverty line.

[Anonymous]

Can someone please please tell me where I can buy a mansion in DC for $1 million??

[Anonymous]

This has 0.0 chance of passing, and Grosso knows it. He's just doing his usual bubbleheaded posturing.

He's up for reelection next year and should be beatable if the right candidate steps up.

[Anonymous]

My house probably appraises for over a million now, although I paid about half that.

I'd support this. It's only an incremental tax and there's so much more we could be doing to make DC better.

[Anonymous]

Anonymous wrote: A $1 million dollar home is expensive for DC. Even if you stretched to buy it and are house poor. You're still way rich compared to the 25% of DC residents are living below the poverty line.

Yes times a million.

[Anonymous]

Anonymous wrote: A $1 million dollar home is expensive for DC. Even if you stretched to buy it and are house poor. You're still way rich compared to the 25% of DC residents are living below the poverty line.

Arent you already susbsidizing many of them with the taxes they dont pay?

[Anonymous]

Anonymous wrote:My house probably appraises for over a million now, although I paid about half that.

I'd support this. It's only an incremental tax and there's so much more we could be doing to make DC better.

Absolutely, and I own more than one home in DC appraised at over a million.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My house probably appraises for over a million now, although I paid about half that.

I'd support this. It's only an incremental tax and there's so much more we could be doing to make DC better.

Absolutely, and I own more than one home in DC appraised at over a million.

Are you under the impression that DC has a budget shortfall?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My house probably appraises for over a million now, although I paid about half that.

I'd support this. It's only an incremental tax and there's so much more we could be doing to make DC better.

Absolutely, and I own more than one home in DC appraised at over a million.

MoCo already has this. And yes, if your home is right at a million, it's incremental which isn't a big deal. If your home is $2 mn, well, you can afford to pay more taxes.

[Anonymous]

I love it! Every municipal government should do this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My house probably appraises for over a million now, although I paid about half that.

I'd support this. It's only an incremental tax and there's so much more we could be doing to make DC better.

Absolutely, and I own more than one home in DC appraised at over a million.

Are you under the impression that DC has a budget shortfall?

The issue I have with the tax is the city's inability to have financial transparency and use funds in a fiscally responsible manner. I do not need to agree with all of the spending - but the gross overrun of projects like Ellington where no one cared is an issue.