Quote:
Originally Posted by John Mercier
As a stockholder in most large corporations... and many more small ones... I am a taxpayer in thousands of towns/cities, counties, and even countries.
Do I get a vote in all of them?
As pointed out. The residents of the town that voted on the budget did not add additional costs that they did not need to add in accordance with local inflation... what occurred was the market value of some properties rose higher than others. That was not caused by the residents of the town... that was caused by the desire of non-residents.
The ''problem'', if such exists, is with non-residents.
Areas that have very little ''demand'' from non-resident generally see budgetary increases due to inflation, but do not see property valuations tilt.
Any homeowner can live here, and declare their residency here... so why aren't they doing it? The system is not stopping it... it is a choice of the property owner... so the system is not flawed; it provides a choice.
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A system that results in a
72% RE tax increase overnight and potentially results in longtime residents having
no choice but to sell a lakefront home that's been in their family for 50 or more years is flawed.
It lacks humanity.