Loc: Ship of Fools
Originally Posted By: Rich_Tallcot
Originally Posted By: VM Smith
Hey Rich, what would be the combined property tax on a place appraised at $100,000 in your neighborhood? Okay..."combined" is a joke, since there is no school property tax in Tenn, and you're just out of the city, 1.5 mi. from the historic downtown. No Tenn. income tax either.
I'm assessed at $187,000 and my combined property taxes are $780. So a $100,000 house would have combined property taxes of $411.00.
In 2012 I was assessed at $214,700, and paid $8,300 in SC, SFCSD, and Fayette Town taxes. That would be just shy of $4,000 on a $100,000 property...maybe 9x the Greene County rate.
Compare that approx 9x to what these figure to in comparative % terms. Both sets from wikipedia; I'm surprised that Timbo missed them. Well, not really...he looks for what he wants to look for, which are usually the wrong things :
Greene Cty: med household income: 30,382 med family income: 36,889 per capita income: 15,796
Seneca Cty: Med household income: 37,140 med fam inc: 45,445 per cap inc: 17,630
I'll never again own property in SC, or NYS; I wish I'd been smart enough to flee the Failed State Project 20 yrs ago...I guess I was afraid to leave my familiar comfort zone...sort of like the frog in the pot of water which is heating up. So soon so old, so late so smart. I'll see you in June.
Tenn. has a higher sales tax; it taxes consumption more. A home is the biggest asset of most people, and Tenn. taxes that less, and there is no income tax; it wants more wealth and income, and lower wasteful consumption, and thus, a higher savings rate. Also, by financing schools through sales tax, everyone has skin in the game, proportionate to spending, which is more proportionate to income than is what house one chooses to live in. I like the mindset.
And I'd like to see those 2 data sets compared over the last several decades; I suspect that Tenn. has greatly closed the gap between them, for excellent reasons, which the socialists running the FSP will never be able to understand.
If you vote for government, you have no right to complain about what government does.