Comments on: Pop Up Tax Coming Down? http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/?utm_source=rss&utm_medium=rss&utm_campaign=pop-up-tax-coming-down Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Michigan Tue, 15 May 2012 18:53:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Maureen Francis http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/comment-page-1/#comment-68210 Maureen Francis Sat, 29 Mar 2008 13:38:12 +0000 http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/#comment-68210 Dick, Good question. If tenants need social assistance then we need to offer programs to those in need, not just to the landlords who have owned the house the longest. The landlord does not have to pass along the savings of lower taxes to a tenant who needs help, so the current system works mostly to line the pockets of the landlord. Removing the cap would mean the millage rates could be reduced across the board so it could result in more choices for affordable housing than leaving the system the way it is, where only the long term landlords benefit from lower taxes. I own a rental home. The guy across the street owns a similar rental home. He has had it for 20 years. His taxes are about 1/3 of mine. I would pass along the tax savings to a tenant if I could, but because I bought more recently I pay more, so my tenant pays more. Does my tenant use more city services than his tenant? I don't think so. Dick,

Good question.

If tenants need social assistance then we need to offer programs to those in need, not just to the landlords who have owned the house the longest. The landlord does not have to pass along the savings of lower taxes to a tenant who needs help, so the current system works mostly to line the pockets of the landlord.

Removing the cap would mean the millage rates could be reduced across the board so it could result in more choices for affordable housing than leaving the system the way it is, where only the long term landlords benefit from lower taxes.

I own a rental home. The guy across the street owns a similar rental home. He has had it for 20 years. His taxes are about 1/3 of mine. I would pass along the tax savings to a tenant if I could, but because I bought more recently I pay more, so my tenant pays more. Does my tenant use more city services than his tenant? I don’t think so.

]]> By: Dick Gach http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/comment-page-1/#comment-68106 Dick Gach Fri, 28 Mar 2008 14:33:57 +0000 http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/#comment-68106 Maureen, Did you consider the increase in rents that would occur? Many renters are in the lower income bracket and do not need increases in rent. Maureen, Did you consider the increase in rents that would occur? Many renters are in the lower income bracket and do not need increases in rent.

]]> By: Maureen Francis http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/comment-page-1/#comment-16855 Maureen Francis Mon, 19 Mar 2007 21:59:18 +0000 http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/#comment-16855 I see your point, Todd, and I agree to some extent. But I think that removing the cap from the non-homesteaded properties would mean that we could lower millage rates across the board for both homesteaded and non-homesteaded properties. It could actually help to stimulate the economy if millage rates were lowered. The current system protects longtime owners of vacation property, rentals and commercial property and shifts their tax burden to first time buyers and people who are forced to move here. It is inequitable. I see your point, Todd, and I agree to some extent. But I think that removing the cap from the non-homesteaded properties would mean that we could lower millage rates across the board for both homesteaded and non-homesteaded properties. It could actually help to stimulate the economy if millage rates were lowered. The current system protects longtime owners of vacation property, rentals and commercial property and shifts their tax burden to first time buyers and people who are forced to move here. It is inequitable.

]]> By: Black Tie Todd http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/comment-page-1/#comment-16846 Black Tie Todd Mon, 19 Mar 2007 21:45:18 +0000 http://mioaklandcounty.com/blog/2007/03/19/pop-up-tax-coming-down/#comment-16846 Maureen, I have to kindly disagree with you about removing the cap on non-homestead properties. Not only does this state need small to medium sized businesses to remain in Michigan, but the second home and vacation home owners will find themselves in need of dumping their properties too. Yes, your proposal is indeed a quick fix, but I think the long term effects would be disastrous. And they might not take that long to come to fruition! Maureen,

I have to kindly disagree with you about removing the cap on non-homestead properties. Not only does this state need small to medium sized businesses to remain in Michigan, but the second home and vacation home owners will find themselves in need of dumping their properties too.

Yes, your proposal is indeed a quick fix, but I think the long term effects would be disastrous. And they might not take that long to come to fruition!

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