@skeeduu@ChrisChief85@ChrisMartzWX Because much of it is over 50 years old and reaching the end of it's useful life.
If all the infrastructure was replaced annually, your taxes would be much higher
Piblic services are not based on consumption.
If they were, you may owe half a million dollars for a failed drainage system effecting your house.
It is about funding the entire county.
Everyone is obligated to pay taxes because we all benefit from various public services who's costs are shared among the community.
It is amazing how many people who benefit from one of the most advantageous tax systems complain about having to co tribute.
@kylamb8 Then your tax obligation is sold and you have several years to satisfy the tax. If not then your property is sold and you receive all.the proceeds minus the tax bill.
See how that is completely different than rent?
What happens when you do not pay income tax?
@UziCryptoo And if you live in Florida, you are still paying taxes on roughly the $120,000 you paid for the home.
That isbthe beauty of our property tax system.
@nolelifestyle@Cointuckeywind1 Congratulations for living next to a city council woman.
That doesn't add any value to the discussion, you seem to like living next to her though.
To the point, infrastructure is expensive and never appreciated until it fails.
That is fundamentally untrue and one of the greatest features of homestead property taxes. The county appraiser can decide your home is worth 100% more, however they can not raise your taxes more than 3%.
From practice, our taxes have barely moved the last 10 years. Most of our family has owned their home for 20 years and they pay pretty much the same today as then
@Cointuckeywind1 Thankfully this state is populated by people who possess more common sense and critical thinking skills than you.
Please do continue showing us how uneducated and ignorant you are.
Your points have absolutely no validity, however they are entertaining.
That is the misconception.
You are not paying for your house , you are paying for public services such as infrastructure.
The cap absolutely helps. It limits how much the taxes can be raised which is very different than many states which reassess annually based on valuations.
From experience, our home as well as several family members in counties across Florida the taxes are not raised anywhere near the limit.
The consumption tax can easily ne ties to items you do not have a choice in such as food, fuel or electricity.
The option of. VAT such as in Europe where you pay 19% tax on virtually everything could be an option.
An essentially capped tax which leads to balanced budgets and not having a state income tax is absolutely about the best that can done.
We need to recognize our system is very efficient and stop complaining because we have to pay some taxes which are considerably less than other states many of which have deficits.
Right off the bat, inflation has consumed a third of that.
Then factor in the fact that public services are largely unrealized. A $100 million dollar drainage replacement is one where residents would not see any improvement in their town yet the absence of such an investment would very much be felt.
Public services are not just building new facilities.
Then there are the reserves for the failing aging infrastructure especially along the coasts in Florida. Broward and Dade counties as an example are facing failing drainage systems which will require billions in repairs in the coming years.
@TheOnlyEsta Take a look at European countries which tax their citizens at 40%+ without any available deductions then charge a 19% VAT(sales tax) on items.
@ChrisMartzWX You are talking about waste and that is a genuine concern which should be addressed.
You do not resolve that by blindly cutting county revenue by upwards of 30% in many counties expecting services to improve.
It certainly DOES have that impact.
Stop making assumptions and look at local budgets. You will quickly see that many counties generate a MUCH smaller percentage of revenue from non-homestead taxes and a very large percentage of revenue from homestead properties with a Save Our Homes tax assessment of $250k or less.
Spend a little time looking into the actual figures. There will be many counties which see over a 30% reduction in tax revenue.
That is how the AVERAGE comes down to 15%.