April 22, 2019 - The following letter was published in last week’s issue of the Gazette.
TO THE EDITOR,
Croton-on-Hudson is a village that has been built on a tax base of individual home ownership.
The historic economic advantage of this lifestyle has been eroded by negative growth in middle class income over the past 20 years and outrageous growth in property taxes. Adding to this dynamic we now have a federal tax structure designed to punish us.
Our individual home property taxes are a function of the sales value of our house. For those of us who live in condominiums our taxes are based on the the rental value of the unit. These differences in valuation methodology have condominium owners paying a fraction of the taxes individual home owners pay.
For example, in the 1950s a pool was built on my property which Increased its property tax. There are condominiums in Half Moon Bay that pay property taxes that are equal the property taxes I pay just for my pool.
I’m not complaining about my taxes, I understand that my combined property taxes fundamentally pay for the administration of our municipal government and local schools. The per pupil cost of our excellent local school system exceeds $29,000 per year. READ MORE HERE.
Just for the record, low income housing, affordable, supported housing can be totally tax exempt or triple tax exempt or partially exempted. Section 8 housing the last time I checked was TTT, exempt from county, state and local taxes.
ReplyDeleteWith all the articles in the papers about the city and state's financial condition, you would think there would be some prudence. There's a reason why people are fleeing this state.
ReplyDeleteNY POST The Empire State has become a tax hell for many, with some New Yorkers looking for the exits.
ReplyDeleteThat’s because this year the state is once again the most taxing in the nation, a new study says.
To demonstrate the draconian burden New Yorkers have to endure, the Tax Foundation, in its new study, found that Tax Freedom Day will arrive here the latest of any state — May 3. That’s almost three weeks later than the national average of April 16.
Tax Freedom Day is the number of working days each year it takes the average American to earn the money to pay his or her tax bill. There are several reasons New Yorkers are the last to reach tax freedom.
“New York’s tax burden is incredible,” said Garrett Watson, special projects manager with the Tax Foundation.
Some of it is a high state tax. Some is a city tax combined with a state tax. Some is the effect of federal policies. https://nypost.com/2019/04/21/new-yorkers-last-to-hit-tax-freedom
AND A LOT OF IT CORRUPTION. Think Buffalo Billions.
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