Dan Cox, a Republican candidate for Maryland Governor, has proposed placing a limit on property taxes in the state. The proposal would prevent the assessed property value calculated by the state from increasing above the price the current homeowner paid for the house at the time of purchase. Cox's running mate, Rob Krop, announced the platform plank on social media yesterday. "We need to stop taxing families out of their homes," Krop said.
This is a recipe for disaster and you just need to look to CA (they didn't freeze it at purchase price, but increases are only allowed at like 1.5% per year) and what it did to the housing market. Creates a ton of people really angry at elderly homeowners living in their now $3MM+ homes that they purchased for $100,000 50 years ago paying next to nothing in property tax and freezing the buying/sale of homes.
ReplyDeleteWhy not just slash property tax rates, so everyone benefits? Why preference one class of owner over another class?
What are the top five services you would like to slash, Slash?
Delete9:17 - we can cut across the board, say 1% per year. Look at the money they wasted with the electric school bus fiasco, clearly that $25 million or more could have been put to better use. Maybe they should stop funding all sorts of unnecessary geegaws and doodads aimed at miniscule sections of the populace. They need to do the basics, and do them well (like snow removal) before even thinking about spending a dime elsewhere.
DeleteThe problem is the D supermajority in Annapolis so the most any conservative can hope for is a reduction in the increase. Liberals vote for free stuff and promises of chocolate rivers when the reality is something completely different. Ask Mandami about that. On the plus side, at least Cox would cooperate with the enforcement of existing laws which Moore & the MC Council are at odds with the majority of elected sheriff's in this state.
ReplyDeleteSit down dude, you don't have a snowballs chance in Hell of getting anywhere.
ReplyDeleteYes, because the lemmings in this state don’t know what’s good for them.
DeleteWhat a timely post. Property taxes did go up. And Wes Moore cares more about reparations. Priorities, priorities, priorities.
ReplyDeleteWes Moore voted against consideration of reparations. Get your facts straight.
ReplyDelete10:13 - I forgot he vetoed that but was overridden and they're moving ahead with the commission anyway. One party state. It's ok, he'll be running for president soon anyway
Delete10:13 I'll bet you 10 bucks Moore was merely posturing for, then, a potential presidential run. Ill bet you another 10 he flips back to supporting reparations. Time will tell.
Delete10:13, 2:06 - It's amazing how Democrats are either willingly oblivious to the machinations of politics - or are downright notassmartastheysaytheyare.
Delete