Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The history of this is that developers used to pay an impact tax, that went to the school system for building housing in area where the schools were overcrowded. The Planning Board blew that up, saying no, schools are overcrowded because of turnover in housing, not development. They convinced the council to ax the impact tax on developers, and instead move it to those buying new homes. Also, it's a progressive tax, so you're paying significantly less on a $500000 home than a 2 million dollar home. And the impact tax went away years ago, and the recordation tax was supposed to be implementer at that time but, it didn't. This is long overdue

It's not progressive. That's like saying the sales tax is progressive because you pay more on a larger purchase. A progressive tax is one where the rate itself is higher as you go up in income or price, such as the federal income tax.

Taxes on homes valued over 1MM should be raised. Good idea.

I think that's a good idea -- a low rate for 0-1MM, a higher rate for 1-2MM, another higher rate for 2-3MM, and so on. Also, I would do a much higher rate for non-principal residences because we really need to curb the trend of investors snatching up properties to rent out.

The proposal as it stands is just lazy and hurts people trying to climb the ladder.

You get what you vote for!

Sure, vote Dem on whatever issues you like. But don’t complain when your taxes are through the roof, crime is rampant, and schools suck…


But sure, vote Dem cuz you are a social justice warrior.

Anonymous wrote:Tax base is gone. Need to squeeze what they can out of the few that are left.

You all are left with the rich in Chevy chase, Potomac and Bethesda and the rest are poor and paying very little taxes.

Anonymous wrote:

Anonymous wrote: The history of this is that developers used to pay an impact tax, that went to the school system for building housing in area where the schools were overcrowded. The Planning Board blew that up, saying no, schools are overcrowded because of turnover in housing, not development. They convinced the council to ax the impact tax on developers, and instead move it to those buying new homes. Also, it's a progressive tax, so you're paying significantly less on a $500000 home than a 2 million dollar home. And the impact tax went away years ago, and the recordation tax was supposed to be implementer at that time but, it didn't. This is long overdue

It's not progressive. That's like saying the sales tax is progressive because you pay more on a larger purchase. A progressive tax is one where the rate itself is higher as you go up in income or price, such as the federal income tax.

Taxes on homes valued over 1MM should be raised. Good idea.

Anonymous wrote: The history of this is that developers used to pay an impact tax, that went to the school system for building housing in area where the schools were overcrowded. The Planning Board blew that up, saying no, schools are overcrowded because of turnover in housing, not development. They convinced the council to ax the impact tax on developers, and instead move it to those buying new homes. Also, it's a progressive tax, so you're paying significantly less on a $500000 home than a 2 million dollar home. And the impact tax went away years ago, and the recordation tax was supposed to be implementer at that time but, it didn't. This is long overdue

It's not progressive. That's like saying the sales tax is progressive because you pay more on a larger purchase. A progressive tax is one where the rate itself is higher as you go up in income or price, such as the federal income tax.

The history of this is that developers used to pay an impact tax, that went to the school system for building housing in area where the schools were overcrowded. The Planning Board blew that up, saying no, schools are overcrowded because of turnover in housing, not development. They convinced the council to ax the impact tax on developers, and instead move it to those buying new homes. Also, it's a progressive tax, so you're paying significantly less on a $500000 home than a 2 million dollar home. And the impact tax went away years ago, and the recordation tax was supposed to be implementer at that time but, it didn't. This is long overdue

Anonymous wrote:So they want to increase taxes, thus increasing the cost to purchase a home... and this is supposed to address the affordable housing problem?

They don't care about people in the middle. Only people at the bottom. I'm a huge believer in safety nets, but they are unsustainable if the county leaders don't help foster an economy that helps people move up the ladder.

So, you make housing less affordable for many to fund more projects, when we already have lots of housing programs and initiatives. Great. He's such a nightmare.

So they want to increase taxes, thus increasing the cost to purchase a home... and this is supposed to address the affordable housing problem?

Stop associating them with all democrats, that’s like associating all republicans with Trump or Nixon.

Tax base is gone. Need to squeeze what they can out of the few that are left.

Just raise the price of a home then to cover the tax loss.

It's amazing how much schools blow up taxes in MoCo, and its not like schools have gotten better. MCPS have been going down the toilet for 30 years, yet the solution is to throw more money at the problem. It's also amazing how much dems in MoCo hate home owners. They constantly kowtow to renters and the poor, and penalize everyone who has worked hard for what they have. They are going to drive out everyone with means, education, and good jobs from MoCo as taxes keep spiraling upwards. The tax base will crumble and the solution of course will be to raise taxes again, kicking off a death spiral. They are repeating Baltimore's mistakes all over again. Everyone will move to NoVa, PG, AA, or Howard. MoCo is already a joke in terms of economic growth while the counties around MoCo are now eclipsing MoCo. It absolutely shows that MoCo's rot is a MoCo specific problem. All of the clowns living in MoCo get what they deserve since they vote for the same.

I support affordable housing, not homelessness. If the taxes are used for that as you put in your post then I’m fine with it. There are lots of ways I don’t think the government should use my money, like animal testing/research for one, but housing, I’m good with that. And I don’t like Jawando.

I live in MoCo and have no problem with this. Go Jawando!

This, on top of Elrich's proposed tax hike. There is no accountability as to how this money is being spent. None. We have had a handful of instances of embezzlement which gives me no confidence that anyone is paying attention. But we can ALL see the waste and misuse that is happening with our hard-earned $$$. In the school system, healthcare, culture politics, pet projects.....

County Councilmembers Mink, Jawando propose legislation to increase real estate ‘recordation’ tax
County Councilmembers Kristin Mink (D-Dist. 5) and Will Jawando (D-At-large) introduced legislation Tuesday that aims to increase the county’s recordation tax, which is applied whenever real estate is transferred from one party to another or refinanced in the county. Money collected would be used for capital projects and affordable housing.

The bill comes less than a week after County Executive Marc Elrich proposed a 10-cent property tax increase.

https://moco360.media/2023/03/21/county-councilmembers-mink-jawando-propose-legislation-to-increase-real-estate-recordation-tax/