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Nevada to Start Shutting Off Power to Those Who Can’t Pay
NorthwestFresh
Member Posts: 7,972
in Tug Tavern
It’s only 111 degrees in Las Vegas. Seems like another way to cull the herd.
Comments
The pandemic must be over
Some details for you to discuss with your centrist friends.
Just this morning it was reported that So Cal mortgages 60 days late hit a record high
And its only just begun. Maybe the 5 month shutdown was a bad idea after all.
Democrats may not even need to challenge the EO over the next few months if they can pitch it as toothless.
- Real Estate always goes up in value
- rising property taxes mean you’re making money and can sell any tim you want to “cash in”
Take Seattle as an example. School levy, housing levy, parks levy, etc. Those are hundreds of millions of dollars that have to be collected regardless of what the total value of property is in the city. The collected amount does not go down if property values decrease. And if your property doesn't decrease as much as other properties in the city, guess what, your property tax bill actually increases.
Why are you even trying to talk like an expert here?
So, no - you don't really have a basis for talking like an 'expert'.
So, please stick to posting up pics of Jewbs and talking in the third person.
Example #2
Now suppose our imaginary county had started with two new homes, but that each one was worth only $50,000. The assessed value would still total $100,000 in year 1.
With the same $2.00 levy rate, the levy in the first year would still be $200. But instead of one home paying the entire levy, the two equal-value homes would split the levy equally and pay $100 each. In year 2 the levy would still increase by only 1% to $202. And if the value of both homes together increased to $200,000, the levy rate would still drop to 1.01.
But suppose to get to that $200,000 value, one home tripled in value to $150,000 and the other stayed the same at $50,000. Then their respective tax bills would look like this:
The total levy is still $202, but more of it is borne by the home that increased in value and less of it by the home that did not increase. The total countywide levy increased the maximum 1%, but the tax bill for Home 1 increased by 52% while the tax bill for Home 2 decreased by 50%.
Assessed value only determines a home’s share of the levy. If all home values were to change by the same percentage, then each home’s share of the levy would stay the same and everyone’s taxes would increase by exactly 1%.
Or should I walk into the next room and discuss this with Mrs. Throbber v2.0 who is probably one of the top 5 government finance experts in the Northwest - including multiple certifications?
Because it don't work that way, sport.