Porous tax cap
Gov. Corzine says he wants to impose a 4 percent cap on property taxes, but the usual suspects are doing everything they can to either kill it or add so many exemptions to it to render it virtually meaningless - as it is today. The current caps are actually lower than what Corzine has proposed. Yet property tax rates having been rising by about 7 percent a year.
Tights caps are exactly what this state needs to control spending and taxes. An Associated Press story this weekend, citing a study by Americans for Tax Reform, determined that if New Jersey had implemented the same tax cap as Massachusetts had in 1980 - 2.5 percent - homeowners here would be paying about $4,200 a year in property taxes instead of nearly $6,000.
Tights caps are exactly what this state needs to control spending and taxes. An Associated Press story this weekend, citing a study by Americans for Tax Reform, determined that if New Jersey had implemented the same tax cap as Massachusetts had in 1980 - 2.5 percent - homeowners here would be paying about $4,200 a year in property taxes instead of nearly $6,000.
posted by Randy Bergmann at 5:25 PM
3 Comments:
Here's something to think about .It is said the avg property tax is $6,000.( I live in one of the towns that ahe avg tax is over $10,000 there are 56 such towns in N.J) if someone put that six thousand dollars in a saving account ( I'll use 5% intrest)and deposited 6,000 every year instead of paying property taxes, in 25 years you would have $311,000.00.
Yep you would have a lot more money, but of course you should factor in the expenses that your car would need annual repairs for all the damage done by potholes that could not be filled. Your insurance rates would go up since there would be no support for your fire department. Since there would be no public schools you would owe thousands of dollars a year in private school education if you have children. You also would probably have to hire a private security firm since there would be no police force to protect you. Great idea lets gets rid of all funding for our government.
They are doing such a great job on our roads now how much worse could it get.
A lot of Fire Depts. are volunteer, and I don't think that the first thing to go would be them.
Our Public schools are doing a lousy job now and the unaccounted and wasted money is out of hand. The saving in taxes we get might pay for our kids a good private education.
Yea the second thing to not get funded would be the Police Dept. Get real!!!!. Who would portect the politicans, and protesters.
Stop drinking the Kool_Aid, and get some real arguments. The answer is less PORK not Scare Tactics.
Post a Comment
<< Home