Rome, NY Sucks

I can't believe how many people want to be Mayor of Rome in 2015.

Tuesday, February 22, 2005

Habitat for Inhumanity

An article in the Richmond Times Dispatch of Virginia explains the plight of people who've had houses built for them by Habitat for Humanity, especially in Alexandria. An increase in property asessments have lead to double and triple increases in property tax payments. The paper sites the case of Kesha James.
Her home has doubled in value since it was built in 1999, increasing her monthly house payment from $515 to $954 in the past 18 months -- chiefly because of higher property taxes.

In Rome, new houses would have lower property taxes for the first 10 years. Of course, the effective tax rate counting city, school, and county property tax adds up to nearly 5% of the assessed value of a home. Most of the assessments are also about double any actual resale value. I sense a connection between this kind of rampant taxation and the increasing sight of U-Haul trucks in the city like the one I saw in North Rome today.

1 Comments:

  • At February 24, 2005 8:58 PM, Blogger Craig said…

    I guess I'm sorry for Keisha James in Richmond whose house is so much more valuable than she can afford.

    It's fascinating to read about the rest of the country where houses are investments -- and not just cars without wheels that drop in value every year.

    The cheerleaders for the status-quo over here in Buffalo keep pointing out how our cost of living is so low. HEY FOLKS! Buy a house here, it's cheap! (Hint, hint) move your business here too.

    And they're constantly amazed that no one takes the bait. Everyone else realizes that if housing prices are dropping, umm, that's not a positive "indicator."

     

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