Small Property tax question

[lordmetroid]

How do one pay property tax? I wonder because if someone doesn't earn say anything. Have no mortage on the house and grows ones own food... If it is a set sum of money the state wants that is an impossibility while a if it is a percentage of income, that is okay!

[KBCraig]

Property tax has nothing to do with income or ability to pay. It's a fixed percentage of the property's assessed value; the assessed value is based on the price the property would bring on the open market. (The "fixed percentage" is determined when the town's budget is fixed by voters; the budget then is divided up among property owners, based on the value of their properties.)

Kevin

[lordmetroid]

DOH!, how evil... All taxes are a price for living but at least some taxes are mesured depending on what you do with your money. This is just extortion to its infinite absurdity. Someone who doesn't have any money but can live will not be permitted to live. Makes me sick!

[error]

The more people we have HERE who find it sickening, the more chance we have of getting rid of it.

[FrankChodorov]

DOH!, how evil... All taxes are a price for living but at least some taxes are mesured depending on what you do with your money. This is just extortion to its infinite absurdity. Someone who doesn't have any money but can live will not be permitted to live. Makes me sick!

what is the difference between that and anarcho-capitalism where all lands are legally owned and you have to pay a landowner?

[Lloyd Danforth]

People are paying the owners of the property

[slim]

I like to think of property taxes not as a tax. They are a reminder that you don't own that land the state owns it they just let you live there and the "Property Tax" is your rent payment. One thing I would like to see is NH allow allodial title. If you would like to learn more about Allidial title check out Mike Badnarik's constitution class and http://en.wikipedia.org/wiki/Allodial_title

[FrankChodorov]

I like to think of property taxes not as a tax. They are a reminder that you don't own that land the state owns it they just let you live there and the "Property Tax" is your rent payment. One thing I would like to see is NH allow allodial title. If you would like to learn more about Allidial title check out Mike Badnarik's constitution class and http://en.wikipedia.org/wiki/Allodial_title

well we should be sharing the economic rent directly and equally with our neighbors then rather than the state...

[FrankChodorov]

People are paying the owners of the property

but according to his analysis of landowners not being "permitted" (no right) to live without paying property taxes, neither would the landless in anarcho-capistan without paying a tribute to landowners - which means they are being compelled (read: forced) to work.

[Ron Helwig]

DOH!, how evil... All taxes are a price for living but at least some taxes are measured depending on what you do with your money.

Just one quick note to think about:

An income tax makes you pay more the more productive you are.
A property tax makes you pay the same, independent of how productive you are.

In essence, an income tax punishes work while a property tax gives you incentive (or at least no disincentives) to make your property more productive.

[cathleeninnh]

The property tax still isn't directly proportional to any benefit or services you may receive for being a resident.

Cathleen

[FrankChodorov]

The system gives you no incentive to improve your permanent structures only disincentive.  If you choose a higher grade tile over lino as example you will pay an increase tax for that choice for the rest of the time you own the property.

Everyone wants to build a new home.  In many cases it would be far more advantageous to rennovate an older home. 

that is why the property tax has to be changed...

off of buildings and fully onto the benefits that individuals derive from society and nature not as a result of their labor.

if eminent domain is a "taking" then the collection of economic rent is a "giving"

shifting taxing off of buildings to the collection of economic rent recovers the "giving" as the unimproved land values are socially derived not individual created as the result of the landowner's labor.

[cathleeninnh]

People moving here may be shocked as to the average age of homes on the market. Absolutely ancient compared to the rest of the nation. I am curious as to how much does this concern the typical buyer. Or do you have a lot of faith in the inspector to point out age issues?

Cathleen

[Lloyd Danforth]

DOH!, how evil... All taxes are a price for living but at least some taxes are measured depending on what you do with your money.

Just one quick note to think about:

An income tax makes you pay more the more productive you are.
A property tax makes you pay the same, independent of how productive you are.

In essence, an income tax punishes work while a property tax gives you incentive (or at least no disincentives) to make your property more productive.

Not accurate.  As one is's taxes are increased for improving their property that is an disincentive. Also, I will be taxed more if I become productive and aquire more property.

[penguins4me]

People moving here may be shocked as to the average age of homes on the market. [...] I am curious as to how much does this concern the typical buyer.

It all depends on how well the house was built. In my current locale, for example, all the new "typical house" housing was built in roughly 45 days as opposed to six months. Doesn't exactly leave one thinking there was much time to squeeze some quality into the process. In my completely unqualified opinion, decades older structures are more desirable for that reason alone.

As long as they've been decently maintained, I'd not personally have a problem with buying an old house, even one over a century old.