by Jo C.
Member since:
August 4, 2007

Taxpayers are Suing the State for Unfair Property Taxes

September 08, 2007 11:39 PM EDT
views: 32 | rating: 10/10 (8 votes) | comments: 16

Has this happened in your state? Well, around my neck of the woods, this is the situation:

1. They got rid of inventory taxes

2. The housing market went to pieces.

3. In a stroke of genius (not) the powers that be decided to raise property taxes as much as 70% in some neighborhoods. The problem? Homes in comparable neighborhoods weren't being assessed equally.

    It is such a mess that there is a moratorium on the raise until September or so, just in time for property taxes and quarterly estimates for Federal and State taxes to be due! In short, people will face Spring property tax bills in September and Fall property taxes in October. Sound confusing? It is.


 

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Comments: 16

Jo C. Sep 8, 2007, 11:39pm EDT

Taxpayers File Suit Against State of Indiana for Unfair Assessments

Here is a related link
Rick C. Sep 8, 2007, 11:49pm EDT
What was the invantory tax?
JoAnne D. Sep 8, 2007, 11:55pm EDT
Is state or city taxes, we had both at our house.
Jo C. Sep 8, 2007, 11:56pm EDT
Inventory tax are the taxes auto dealers and others have to pay on inventory in their businesses. It was a pain for them and they got rid of it. To get accurate inventory assessments, some stores would close for a day or two to take stock.
Jo C. Sep 8, 2007, 11:56pm EDT
Joanne- It isn't abut Federal or State Taxes. These are Property taxes, on your home. Are you saying that you have both state and city taxes on homes?
JoAnne D. Sep 8, 2007, 11:57pm EDT
I think school taxes were included too. I remember reading something about that.
JoAnne D. Sep 9, 2007, 12:00am EDT
I think the property tax statement said city taxes on it. Compared to some others they were not too bad but still a lot. Our insurances added up on top made it seem higher.
JoAnne D. Sep 9, 2007, 12:03am EDT
The house next door actually was sold for back taxes.
Jo C. Sep 9, 2007, 12:20am EDT
Joanne - Wow!
Nancy O. Sep 9, 2007, 1:49am EDT
No I haven't heard of this happening in Calfornia
The whole housing industry is a mess, banks, lenders, refi, escrow, sales, they are all suffering. A lot of houses have gone into forclosure in California.
Amanda "middle of nowhere" C. Sep 9, 2007, 2:20am EDT
I say "You go, Indiana."
Denise B. Sep 9, 2007, 8:01am EDT
good lord what were they thinking
Cindy F. Sep 9, 2007, 11:07am EDT
It is no better here in New Jersey!
Danielle P. Sep 9, 2007, 1:34pm EDT
The same thing happened in Pittsburgh a year or two ago. Most of the decisions were reversed. The company the city hired was not so good at assessing.
Erin P. Sep 9, 2007, 5:02pm EDT
I'd love to see how they get that straightened out. They're never going to find a way to make everyone happy.
:-(

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