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0 pointsjdhn6y ago0 comments

>Somehow in the 49 other states that don't have Prop 13, people aren't priced out of their homes from taxes.

Allow me to introduce you to the great state of New Jersey. People here are absolutely priced out because of the property taxes, especially older retired couples and low earners who may have a house but hit hard financial times. A $400k house will probably have property taxes over $10k.

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lotsofpulp6y ago

NJ has Abbott districts:

https://en.wikipedia.org/wiki/Abbott_district

It’s a tax to try and equalize resources for all schools, and is very progressive in sense. Other states let poor areas have poor funding for schools, whereas NJ requires richer areas to send funding to poorer areas to try to give the poor children a chance. I actually think this is an admirable goal of NJ.

NJ also has one of the worst unfunded defined benefit pension problems, which is obviously not so admirable, and will continue to contribute to rising taxes of all kinds and decrease in government services in NJ for the next 30 years.

jdhnOP6y ago

As a former resident of New Jersey, I'm aware of Abbott districts, and trying to place the blame them for NJ's high property taxes is absurd. It's not a separate tax, it's simply redistributing school funds from existing tax income. As for the amounts of funding the districts get, here's what it says in the wiki article:

Abbott district students received 22% more per pupil (at $20,859) vs. non-Abbott districts (at $17,051) in 2011.

That is a HUGE amount of money being spent regardless of district classification. As for the pension problem, please do not underestimate the ability of the NJ government to kick that can down the road as hard as they can. I firmly believe that they will do anything they can to not solve it until it's too late.

jelliclesfarm6y ago

Taxation is tyranny. I have difficulty understanding the motivations of a working class that is demanding more taxation.

kelnos6y ago

I really think this line of argument is going nowhere; you seem to have fundamental opinions on taxation that others here don't share, and I don't think further discussion is going to be all that productive.

jelliclesfarm6y ago

That’s because others seem to have opinions about taxation and no understanding of how taxes work while I am trying to point out that property taxes are Ad Valorem.

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lotsofpulp6y ago

NJ has Abbott districts:

https://en.wikipedia.org/wiki/Abbott_district

jdhnOP6y ago

Abbott district students received 22% more per pupil (at $20,859) vs. non-Abbott districts (at $17,051) in 2011.

jelliclesfarm6y ago

Taxation is tyranny. I have difficulty understanding the motivations of a working class that is demanding more taxation.

kelnos6y ago

jelliclesfarm6y ago

That’s because others seem to have opinions about taxation and no understanding of how taxes work while I am trying to point out that property taxes are Ad Valorem.

j / k navigate · click thread line to collapse