Reply to New real estate assessment rates are released from State of Maryland

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Property tax assessments should only be done once every 10-20 years.  Who gives a crap what a home is worth on paper. I can't live in fake wealth on paper.  Homes are a place to live, they're not the stock market.  Constantly increasing taxes on housing creates instability for shelter. Awful.  They're just numbers on paper while people need actual places to live.  [/quote]

Wait until you find out about rent.[/quote]

I'm a landlord in MoCo.  I'm not eating the increased tax bill - of course I'm passing it on to my tenants next time they renew their lease.  If MoCo was really serious about affordable or attainable housing they would consider how this will increase rents in the county.  It just proves that this upzoning AHS is just a money grab to increase the tax base.[/quote]

The argument here is:

1. Property taxes should stay the same even when property values of rental housing increase
2. Because otherwise landlords will pass the increase on to their tenants
3. And then the tenants will have to pay more rent
4. Which is a problem when the rent is already too damn high
5. Because demand exceeds supply
6. And so therefore the county should not implement any policies to increase the supply of rental housing.

I guess it's more coherent than

1. collect underpants
2. ????
3. profit

but that's not saying much.[/quote]

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