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Woodsy · 08-23-2005, 10:49 AM

I do think its tough for the older crowd on fixed incomes... There really isn't any solution that is fair. Property taxes are inherently fair, The property is valued at $X and you pay $Y per thousand based on the X value. Property tax doesn't care how much or how little you have for income. Unfortunately very few in this world can have thier cake and eat it too. If taxes are a burden, take out an equity line to pay the taxes and live comfortably. Use the increased equity in the property to your benefit.

Now if you want to talk about deferring a percentage of the property tax, allowing the town to put a tax lien on the property with a balloon payment due when the property is transferred due to death or illness or sold... that might be a workable solution.

Woodsy

08-23-2005, 10:49 AM	#46
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,968 Thanks: 80 Thanked 980 Times in 440 Posts	I do think its tough for the older crowd on fixed incomes... There really isn't any solution that is fair. Property taxes are inherently fair, The property is valued at $X and you pay $Y per thousand based on the X value. Property tax doesn't care how much or how little you have for income. Unfortunately very few in this world can have thier cake and eat it too. If taxes are a burden, take out an equity line to pay the taxes and live comfortably. Use the increased equity in the property to your benefit. Now if you want to talk about deferring a percentage of the property tax, allowing the town to put a tax lien on the property with a balloon payment due when the property is transferred due to death or illness or sold... that might be a workable solution. Woodsy