Reply to Explain why Kensington can limit tax increases to 5% while other places in MD can sock you for 10%

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Reply to "Explain why Kensington can limit tax increases to 5% while other places in MD can sock you for 10%"

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[quote=Anonymous][quote=Anonymous]The people who purchased a long time ago can sell and move to someplace where the housing is cheaper.  Then as they sell, the real market price can be figured out.  With property taxes, the government owns your house, and they will take as much as they can, to pay the government workers, who will then turn around and vote for politicians who will keep giving them more money.[/quote]

Except the market is pricing speculation and hordes of home flippers trying to make a quick buck. What could possibly go wrong gutting the middle class through tax increase so that the only people left that can afford constant tax increase are wealthy and annoying types like lobbyists and lawyers?  It's not even just old people.  Our assessments have balloon by almost $300k in about 5 years.  Yeah, 'home value' is nice on paper, but you can't live in your wealth in paper. Jobs are located here.  Our home value just keeps going up because of so many home flippers and speculators.  Meanwhile your tax assessments and tax costs for middle class folks who actually intend to live here and set their roots need stable housing yet have seen their tax bills double in a matter of no time. [/quote]

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