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][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]

Building housing makes housing more attainable than letting landlords charge monopoly rent-seeking. [/quote]

If the AHS is approved it doesn't look like there is anything stopping investors from building these duplexes/ triplexes and renting out the units at monopoly seeking rents.[/quote]

They will, and because it’s a charade without accountability it’s “by right,” with no consideration as to impact on roads, schools, or quality of life.  Like when they deregulate anything, the quality will decline.  With that, your quiet enjoyment and property values (once the initial goldrush is over) will decline along with it.

There are serious plans on the table to build housing, and yet here we are still discussing this mess, and without any real metrics or proof that what they propose will sufficiently address the issues without significant disruption. Remember, they don’t care if property values decline (many hope for it), they think that they are going to make up the difference in tax revenue in volume.  Ask yourself how that affects the county.[/quote]

Rising property values are bad, because then your taxes go up. Also, declining property values are bad, because ... well, because something.

The zoning proposals won't result in new housing. Also, the new housing will reduce quality of life.

The current situation is bad. Also, any change from the current situation is bad.[/quote]

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