Reply to Elrich property tax increase

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It ends up being a vicious cycle.

Revenue is down (or- Elrich can't control spending).  So what do we do?  Raise taxes.

[b]People with means vote with their feet to neighboring counties, and VA.  [/b]

Revenue is down again- and schools are a little worse, and crime is up.   So what do we do- raise taxes.

Rinse, repeat.  [/quote]

People with means would pay tens of thousands of dollars to avoid a property tax increase of a few hundred dollars per year? I mean, maybe, but it's not a rational response.[/quote]

For high earners with high value houses, the increase is substantial, especially when added every year. We got a tax assessment notice INCREASING the value of our property by $1 million dollars. The assessment is not accurate because the market has cooled down from last summer. When you add in the tax rate increase, we will be paying $12,000 MORE a year in property taxes. We will likely go from $19,000 a year in taxes to $31,000 a year. That equates to almost $2,600 in property taxes each month. I don’t expect anyone to feel sorry for us having a high value home but my point is that we are not talking about a few hundred dollars. [/quote]

OK, so, for people with very high assessed property values, it would be more than a few hundred dollars a year. Would you sell and move if your property taxes went up like that?[/quote]

NP, but yes and I am as soon as my son graduates from high school this year.  Moving across the river where my state and county income taxes will be cut in half and my property taxes by 1/3.  That is a lot of money! 
I have 10 more years to retirement and need to start planning on that now.  And that includes reducing the taxes I pay so I can save more.  [/quote]

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