Anonymous wrote:Anonymous wrote:Pagnucco is right. Jawando is talking out of his ***. He is all image and no substance.
That video looks suspiciously like a campaign ad using county time and funds too.
https://montgomeryperspective.com/2026/04/22/absolutely-bonkers/
Where are the Friedson or Glass plans? So far they’ve only come out for spending more money. I don’t remember Pagnucco criticizing Friedson or Glass when they opposed the property tax increase, so this just sounds like another hit job. I wonder who pays him to write that blog.
Anonymous wrote:Pagnucco is right. Jawando is talking out of his ***. He is all image and no substance.
That video looks suspiciously like a campaign ad using county time and funds too.
https://montgomeryperspective.com/2026/04/22/absolutely-bonkers/
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
You know what's poor and knee-jerk? Acting as though taxation of real estate at current market value is some sort of unexpected or novel phenomenon. This has always been the arrangement in Montgomery County, as well as every other jurisdiction in the DMV, so if you wanted a different "societal paradigm," you should have chosen a different place to live. The whining about property taxes of 1%, when you are sitting on 100% property value gains amounting to hundreds of thousands or millions of dollars, is just too much. Most people would love to be sitting on 100% property gains, and instead of being grateful for this tremendous blessing, you just whine and complain. What a way to live your life.
if this is the case, why cant MOCO spend the money appropriately? why do they need special tax assessments to fund MCPS and their other social problems above what you say is the "market rate"? the county knows what the increases are and need to budget accordingly. the original post was a citizen angry b/c his taxes have doubled AND the county wants a special assessment to pay for Capital projects. this while there are NO improvements in our services and overrall decreases in MCPS test scores and school ratings.
and for all your talk of "being grateful", this property tax increases only makes it more expensive to own or rent in the county. this taxes will be passed on to you as a renter. so when you complain that rent is too high, probably 1/3 to 1/2 of that is to cover your landlord property tax increases. so you be grateful when rent is raised another $1k. you need to pay your fair share
Investment properties, including rental apartments, are excluded from the council president’s tax increase. They’re the only group that escaped higher taxes. Not to worry though: Increasing the cost of home ownership will give landlords more headroom to raise rents, and I’m sure they’ll do so even though their tax burden isn’t increasing.
really? How can that be?
if true, then the homeowners have an even bigger reason to be upset. the council is putting these special assessment on the backs of homewowners and yet we should be grateful....amazing
It is true. The council president’s change to property taxes is eliminating the income tax offset credit, or ITOC. The ITOC is only available to owner occupied properties (specially the principal residence). Rental properties don’t qualify for the ITOC, so the only landlords who lose it will be those committing fraud.
Eliminating the ITOC has been on the developer wishlist for a while because it’s a tool the executive and council could use right away to make property taxes more progressive. Raising the ITOC and tax rates together would shift more property tax burden to commercial and other investment properties while shielding homeowners from increases. Eliminating the ITOC entirely makes that possibility more distant.
Killing the ITOC is a dirty trick because many people do not understand their property taxes well enough to understand that eliminating the ITOC will cause their bills to go up by more than 10 percent, and because the limited relief provisions in place to protect homeowners from rapid increases in taxes don’t apply if the council takes away the ITOC.
Retirees, who own a disproportionate number of the homes affected by the upzoning bills, will be especially hit hard because they will lose the ITOC and don’t have enough taxable income to get offsetting benefit from the income tax changes. Some will have to move, which is one way to accelerate redevelopment in the Georgia Avenue and University Boulevard corridors.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
You know what's poor and knee-jerk? Acting as though taxation of real estate at current market value is some sort of unexpected or novel phenomenon. This has always been the arrangement in Montgomery County, as well as every other jurisdiction in the DMV, so if you wanted a different "societal paradigm," you should have chosen a different place to live. The whining about property taxes of 1%, when you are sitting on 100% property value gains amounting to hundreds of thousands or millions of dollars, is just too much. Most people would love to be sitting on 100% property gains, and instead of being grateful for this tremendous blessing, you just whine and complain. What a way to live your life.
if this is the case, why cant MOCO spend the money appropriately? why do they need special tax assessments to fund MCPS and their other social problems above what you say is the "market rate"? the county knows what the increases are and need to budget accordingly. the original post was a citizen angry b/c his taxes have doubled AND the county wants a special assessment to pay for Capital projects. this while there are NO improvements in our services and overrall decreases in MCPS test scores and school ratings.
and for all your talk of "being grateful", this property tax increases only makes it more expensive to own or rent in the county. this taxes will be passed on to you as a renter. so when you complain that rent is too high, probably 1/3 to 1/2 of that is to cover your landlord property tax increases. so you be grateful when rent is raised another $1k. you need to pay your fair share
Investment properties, including rental apartments, are excluded from the council president’s tax increase. They’re the only group that escaped higher taxes. Not to worry though: Increasing the cost of home ownership will give landlords more headroom to raise rents, and I’m sure they’ll do so even though their tax burden isn’t increasing.
really? How can that be?
if true, then the homeowners have an even bigger reason to be upset. the council is putting these special assessment on the backs of homewowners and yet we should be grateful....amazing
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
You know what's poor and knee-jerk? Acting as though taxation of real estate at current market value is some sort of unexpected or novel phenomenon. This has always been the arrangement in Montgomery County, as well as every other jurisdiction in the DMV, so if you wanted a different "societal paradigm," you should have chosen a different place to live. The whining about property taxes of 1%, when you are sitting on 100% property value gains amounting to hundreds of thousands or millions of dollars, is just too much. Most people would love to be sitting on 100% property gains, and instead of being grateful for this tremendous blessing, you just whine and complain. What a way to live your life.
if this is the case, why cant MOCO spend the money appropriately? why do they need special tax assessments to fund MCPS and their other social problems above what you say is the "market rate"? the county knows what the increases are and need to budget accordingly. the original post was a citizen angry b/c his taxes have doubled AND the county wants a special assessment to pay for Capital projects. this while there are NO improvements in our services and overrall decreases in MCPS test scores and school ratings.
and for all your talk of "being grateful", this property tax increases only makes it more expensive to own or rent in the county. this taxes will be passed on to you as a renter. so when you complain that rent is too high, probably 1/3 to 1/2 of that is to cover your landlord property tax increases. so you be grateful when rent is raised another $1k. you need to pay your fair share
Investment properties, including rental apartments, are excluded from the council president’s tax increase. They’re the only group that escaped higher taxes. Not to worry though: Increasing the cost of home ownership will give landlords more headroom to raise rents, and I’m sure they’ll do so even though their tax burden isn’t increasing.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
You know what's poor and knee-jerk? Acting as though taxation of real estate at current market value is some sort of unexpected or novel phenomenon. This has always been the arrangement in Montgomery County, as well as every other jurisdiction in the DMV, so if you wanted a different "societal paradigm," you should have chosen a different place to live. The whining about property taxes of 1%, when you are sitting on 100% property value gains amounting to hundreds of thousands or millions of dollars, is just too much. Most people would love to be sitting on 100% property gains, and instead of being grateful for this tremendous blessing, you just whine and complain. What a way to live your life.
if this is the case, why cant MOCO spend the money appropriately? why do they need special tax assessments to fund MCPS and their other social problems above what you say is the "market rate"? the county knows what the increases are and need to budget accordingly. the original post was a citizen angry b/c his taxes have doubled AND the county wants a special assessment to pay for Capital projects. this while there are NO improvements in our services and overrall decreases in MCPS test scores and school ratings.
and for all your talk of "being grateful", this property tax increases only makes it more expensive to own or rent in the county. this taxes will be passed on to you as a renter. so when you complain that rent is too high, probably 1/3 to 1/2 of that is to cover your landlord property tax increases. so you be grateful when rent is raised another $1k. you need to pay your fair share
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
You know what's poor and knee-jerk? Acting as though taxation of real estate at current market value is some sort of unexpected or novel phenomenon. This has always been the arrangement in Montgomery County, as well as every other jurisdiction in the DMV, so if you wanted a different "societal paradigm," you should have chosen a different place to live. The whining about property taxes of 1%, when you are sitting on 100% property value gains amounting to hundreds of thousands or millions of dollars, is just too much. Most people would love to be sitting on 100% property gains, and instead of being grateful for this tremendous blessing, you just whine and complain. What a way to live your life.
Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
You know what's poor and knee-jerk? Acting as though taxation of real estate at current market value is some sort of unexpected or novel phenomenon. This has always been the arrangement in Montgomery County, as well as every other jurisdiction in the DMV, so if you wanted a different "societal paradigm," you should have chosen a different place to live. The whining about property taxes of 1%, when you are sitting on 100% property value gains amounting to hundreds of thousands or millions of dollars, is just too much. Most people would love to be sitting on 100% property gains, and instead of being grateful for this tremendous blessing, you just whine and complain. What a way to live your life.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
You know what's poor and knee-jerk? Acting as though taxation of real estate at current market value is some sort of unexpected or novel phenomenon. This has always been the arrangement in Montgomery County, as well as every other jurisdiction in the DMV, so if you wanted a different "societal paradigm," you should have chosen a different place to live. The whining about property taxes of 1%, when you are sitting on 100% property value gains amounting to hundreds of thousands or millions of dollars, is just too much. Most people would love to be sitting on 100% property gains, and instead of being grateful for this tremendous blessing, you just whine and complain. What a way to live your life.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Maybe you missed the "DP" at the beginning of the post. No railing about socialists, there or here.
Separately, moving (selling and then moving even more so) is incredibly burdensome, not only to the individual(s) involved, but also to society as a whole, which really sees no benefit from such churn (outside of those servicing such churn -- real estate agents, title companies and the like, whose gains are paid for entirely by the transacting parties, resulting in a net societal loss). Suggesting that as a remedy is a really poor, knee-jerk response to anyone who might wish to see societal paradigms different from those of your own preference.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The council president’s budget proposal would cause all homeowners to pay more in taxes. Households with $75k in income would take a harder hit than households making $150k. The only clear winners in this are landlords, whose county tax burden would not increase at all, other than the rising assessments that are hitting everyone.
Oh for goodness' sake. Not everything is about landlords and developers. She's proposing a true progressive income tax that will help almost everyone making less than $300,000. Many of whom rent.
And landlords won't have to pass the huge elrich property tax increase on to renters.
If it had been truly progressive than lower earners would get a bigger break than higher earners and we wouldn’t be shifting more tax burden onto wage earnings. The tax plan is a tax increase for most households and a regressive one at that.
The income tax proposal is progressive. Lower earners would be taxed less than they are now. And less than higher-earners. We are shifting less tax burden onto wage earnings, not more.
Overall, anyone who owns the house they live in will pay more in taxes. That’s at any income level. The increase in a homeowner’s tax burden is HIGHER the less money they make. That’s regressive.
On a percentage basis, the effective tax rate goes up more under NFG’s proposal for cheaper houses than it would under Elrich’s proposal. That makes the property tax portion of her proposal more regressive than Elrich’s proposal.
Finally, investment properties see no tax increase at all. If you raise taxes on workers but don’t raise taxes on capital assets, that’s regressive.
NFG has been the back-room champion of developers, even as Friedson has been the baby-faced shill. The bread and circuses they tout for the downtrodden are, at once, less than that needed for the truly poor, inefficient in their delivery in comparison to some alternatives and of minimal/marginal benefit to most of those whom they claim to help when compared to the much larger benefit that will be accruing to the development-investment class.
Why would that last group bother to pass on tax savings to renters when the market will bear rents not reflecting that savings?
Because the market will rise at a slower pace. You don’t seem to understand basic economics or real estate.
Great. This is a basic economics take of one aspect...and, to the degree that it might present a thought counter to the meat of the post, it presumes MoCo real estate will operate as a commodity with the elasticity of, say, soybeans.
Construct a Fourier series which would model the market's achievement of a temporary equilibrium over the time that lag might be in effect, accounting for population change and demographic dynamics, likely substitute housing trends, market entrants/exits and the like, in addition to the expected inventory changes from the enacted policies, and then run the derivatives to calculate the accumulation of the tax break value (plus or minus net expected efficiencies, of course) to the suppliers (vs. to the buyers/renters). Or take your own modeling approach -- there are several from which you might choose.
You'd still get disproportionality, there, with that rather marginal benefit to the consumer and rather outsized benefit to the developer/landlord/supplier. It's understood that this is how such incentives tend to work, but there doesn't seem to be anyone at the County Council who will question whether the juice is worth the squeeze (and there certainly isn't anyone willing to police the legislation to make sure that the breaks are given only when a more clearly defined societal benefit is realized as a result). Or who seem to be capable of considering available alternate approaches to address housing issues, not to mention examining the value of that versus potential alternate uses of the common wealth -- there are needs beside housing.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.
Your property taxes increased 100% because the value of your home increased 100%
… you psychopath
+1. Always amazing when people complain about their property taxes which means they have the good fortune of having their property value risen dramatically. If your property value went from $1 million to $2 million, sure the $10K increase in taxes would be annoying to some extent, but I would be celebrating my good fortune of having gained $1 million even if it's "unrealized" until I sell. Plus, those property taxes are deductible so if you're truly house poor, you'll get lots of it back.
DP. To keep from making folks (as) house poor after the fact with rate increases on top of assessment increases from unrealized gain, we could divide property tax increases between, say, that indexed to inflation and anything more or that associated with the purchase price and the unrealized gain, allowing one portion or the other, with interest, to accrue to a ledger that gets charged on later property transfer (e.g., at settlement from a sale or from estate bequest).
If property taxes from your 100% gain in property value are so onerous to you, just sell and rent. You can rent a super fancy place with your hundreds of thousands (perhaps millions) of gains, much of which will be tax free. You can also move to a jurisdiction that has the property tax structure you so ardently desire (if one exists). As a bonus, hopefully you’ll be able to move to somewhere where people spend all day railing about “socialists,” just like you do.
Anonymous wrote:Anonymous wrote:Looks like textbook “angry white man syndrome”. Just a standard boilerplate maga rant. “Oh, my property taxes are too high!” “You’re spending MY money on brown people!” “I’ll close my remarks by threatening you.”
Fortunately there are more than enough good and decent people in MoCo to drown out violent screaming nutjobs like that a-hole.
why is it maga? i'm not maga and my property taxes have almost increased 100% in a decade or so. why should I be happy about that.
and before you talk about home prices, we havent gotten any better services in a decade to justify 100% increase in property taxes. 51% goes to MCPS and elrich wants a special assessment on top of the increases for Capital projects.
maybe you dont care but people are fed up.