Quote:
Originally Posted by bunt_q
Rate seems pretty irrelevant to me. I go back to the classic example of Chicago. It makes no difference that their property tax rates are double ours when the value of equivalent property is half of ours. If a person isn't trying to get rich off of property, and just wants a comfortable roof over their heads, I'd rather lower values and higher taxes (which equal better services). That seems more logical to me than a high cost and low service climate, which is what we are creating here.
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Quote:
Originally Posted by RyanD
Totally agreed. Double, even triple, property taxes aren't going to exceed Denver's housing costs if your base price is half of what you would pay here. In this market, I think people are just wanting a roof over their heads and want a property to own themselves. That's all I want, I don't care about the resell value right now. I just want something I can invest into and make my home...
Anyways, Dairy Block is looking nice:
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Dairy Block has to be one of the niftier developments and yes, it's looking good.
Different state's taxation models are impressively confusing to sort out.
I wouldn't be surprised if Arizona's property taxes go higher over time, partly from increasing property valuations but also as the state attempts to rearrange the tax system. They seem to prefer a Texas model of lower income taxes which may as a result put pressure on property taxes. I'm still skeptical they will eliminate the income tax entirely but it will go lower. With tourism being a top economic engine, sales taxes will never go lower.
Colorado, at some point needs to address PERA's unfunded liabilities - more than they already have. At the least they're way ahead of Illinois/Chicago which is like watching reruns of the Three Stooges. Props to Rahm though as he has downtown Chicago cranking.
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