
Overall, Allen County property values increased about 15 percent (that explains the "better" class of ghetto-fleas & white trash I see around me THESE days). Good old Lisa Blosser released the 2007 tax figures yesterday (I told you that was the OTHER SHOE DROPPING sound you heard), and the bottom line is this: The so-called TAX RELIEF we were told over and over about was the "chief culprit" behind the higher tax bills (I wish someone would clue me in on this NEW MATH, as well as the OXYMORONIC phrase "POLITICAL LOGIC") for most residents (she said it, not me).

But we CAN point our primate digits at this "trending" gig...this new market-based process that determines property values (gee, and here we thought inspections and two functioning EYES worked just as well in the past...who'da thunk?), and since this is the FIRST year that trending was used, all you "lucky" people that moved out of the city are once again part OF the problem you sought to escape (not excape...lol).
Welcome home (again). It's good to have all of you BACK!
Oh, did I mention that this trending was designed to LESSEN the effect of periodic property reassessment which determined the tax bills? Didn't seem to LESSEN the TAX BILL ITSELF though, did it?
Add to that the SWAC schools helped in your tax bill, too.
Now here's a case of the STATE putting money into one of your pockets while reaching deeper into your OTHER pocket... The General Assembly (and you cannot have an assembly without an ASS) provided $100 million in P/T relief, which knocked off about $30 on a $100K house (big whoop, huh?). That amount will DECREASE by $5.2 million this year (still with me?) on the state level. But the state has PROMISED about $300 million in revenue generated from new slot machines at Indiana race tracks and could be distributed to taxpayers as a year-end "rebate". That boils down to about a 15% decrease, with an additional $250 million for 2008 (according to Lisa Blosser).
But it's still fuzzy what "formula" the state would use to distribute that money...hell, it's not even clear IF the money will be available this year.

OR...you COULD ask for some accountability at every local and state level (a well as some EXPLANATIONS on all this bull$hit). That might work. It would have the novelty of never having been tried in this instance...YET.
SO mark off August 17.....that's what the TENTATIVE due date is for the tax bills.
THEN...you can get that pacemaker you've always wanted to jump start your heart!
(We now return you to your regularly-scheduled paycheck...happy spending)
10 comments:
Indiana lawmakers are not equiped to be expert tax policey makers.
I think all Hoosiers are made as hell!
Why be concerned?
1. Taxes are going up even though their ability to pay has not.
2. 2008 Property tax relief refunds will go to all Indiana
homeowners, when it could have been more productively used to help fixed-income seniors from having to sell their homes.
3. Depending on your federal tax bracket, Hoosiers will be sending part of the property tax refund
(income) directly back to Uncle Sam. Yes, taxed again.
Whether all of us choose to believe it or not, we are ALL on fixed incomes, even those of us working 40+ hours a week.
We can't just waltz into the boss and say: "Look, I want another $700 this week to offset my property tax increase, OK?".
That crap just won't float.
We're just "not as fixed" as seniors are...I agree. We might get some O/T, or even (horrors) a BONUS!
But will we be able to RETIRE from that place, or be relegated to low-paying jobs to "supplement" our incomes until we can get SSI (or until whatever retirement 401K matures)?
Lots to ponder...that's for sure.
B.G.
What SSI? I'm not counting on it.
And for those of us that do save for retirement...by then, the GOV. will find mulitiple ways to tap into those indiviual's resources.
I will say I received a thoughtful
letter back from Congress Souder,
June 12th about what's being done on tax reform.
In a nutshell, H.R. 25 is a bill he supports. It was introduced by Congressman Linder of Georgia 1/4/07 and is awaiting further action to the House Ways & Means
Committee. Souder explained the bill would:
* Repeal all corporate & individual income taxes, payroll taxes, self-emply taxes, capital gains, estate and gift taxes.
*Impose a revenue neutral national sales tax on good & services at purchase of consumption,(Business-to-business transactions & used services) which have already been taxed, thus not subject to the sales tax again.
*Rebate the sales tax on all spending for individuals below
poverty.
My personal thoughts on this were taxes should not be this dam complicated. Abolish the IRS.
Personally, I believe in a flat tax fair or not. With exception of those on or below poverty level.
Here's that bill:
There are 62 co-sponsors on tax refH.R.25
Title: To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
Sponsor: Rep Linder, John [GA-7] (introduced 1/4/2007) Cosponsors (62)
Related Bills: S.1025
Latest Major Action: 1/4/2007 Referred to House committee. Status: Referred to the House Committee on Ways and Means.orm.
Hey, I used to WORK for the Treasury Department.....ease up...LOL!
(and hoo-boy, the stories *I* could tell...)
I left them due to something I call a CONSCIENCE!
I just hope SOME type of REAL relief is forthcoming...no more of the smoke and mirrors...if I want to go to a funhouse...I WILL.
This situation sure ain't no funhouse.
Now...about all those *illegals*....
;)
B.G.
Amen B.G.
If I read your blog correctly, congrats on the move? ...there's just as many other problems in this area. It's just much more peaceful.
A flat tax might stream-line the bottom-line with illegals.
I've often thought about a cross the board consumption welfare tax.... and a rebate for prudent thoughtful savers.
Oh no...I still live in the armpit of Fort Wayne (the southeast side)...not lucky or wealthy enough to make the move elsewhere (yet)....
But...IF the city would wake the hell up (and forget about a downtown stadium ofr a few weeks), we COULD turn this part of town back around...it just takes a few more people than just ME that give a crap...that's all.
Consumption tax....nice idea, along with those "sin" taxes....
It's got real merit.
B.G.
As of July 1st I will pay for the sin tax. But hey let's share the wealth shall we. All consumption
be it tennis shoes, boom boxes, clothes, jewelry, cars, ect... we can finance the improvished rent, utilites, health-care, food, cable, ect... lol
I guess it's not funny. If you earn it and want to make the choice to buy it, then it should be a choice & not a sin tax.
I hear ya!
Great post BG...Likewise Bobett..I won't pretend to be smart enough to know how Indiana arrived at it's original assesment formula, (the formula we used for 100 years or so), but I do remember it was far from fair which is what started this whole fiasco.
I don't (and didn't) have a problem switching to an appraised value/market & sales data/formula at all, but as usual, it was implemented in typical back asswards Indiana style. It get's more convoluted and fricked up when they do really stupid shit like the tax relief/rebate using slot machine revenues (for a while)...to offset the property tax. It's ridiculous.
The trouble is, when you keep using a "shell" game to rob Peter and pay Paul, it just gets bigger and more complicated. Artful accounting just prolongs the inevitable....we're ALL getting hosed!
Yeah Tim...it reminds me of all those street people in NYC doing the "3 card monty" gig....
All YOU do is LOSE.....
We, the taxpayers are bleeding our paychecks all over the city and county....and the best THEY can come up with to "help" US is a damn band-aid for our "boo-boo"....
Hosed is being WAY too kind.
;)
B.G.
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