1956 Century - rough ride

[NTX5467]

Property taxes typically are determined by property "appraised" value.  Once developers discover "undervalued" areas and move in, property transaction prices increase and valuations increase for everybody, usually.  In east Austin, TX, many people who are now on Social Security and widowed are seeing their valuations increase such that it's either "taxes or food/prescription drugs".  A situation which has cycles and repeats in other areas, by observation.  Those people in E Austin have been in the same houses since their kids were born, but the land value increases are the real issue.  Progress?

 

When Federal money decreases, then it's on "the State" to make up the difference.  When the State money decreases, then it "trickles down" to the local citizenry's lap.  Remember this the next time a federal candidate/rep talks about "decreasing taxes".  If THEY don't get tax money, the locals will end up paying with increased taxes. f Doesn't matter if it's to pay for expanded fire/police coverage,  expanded/new roads, schools, or paying for social programs that help decrease larger costs in later years for those involved/targeted.  KEY thing is having people make decisions of how money's spent who KNOW what it takes to get something done and don't "kick the can down the road" to "somebody who knows what they're doing" (contractor/vendor/sub-contractor) who have little oversight for what they do.  "Effective spending" should be the orientation rather than just "conservatism".  These are my observations.

 

Enjoy!

NTX5467

[1956century]

On 4/25/2018 at 11:41 AM, wndsofchng06 said:

Did you get your new tires yet? 

Not yet unfortunately - it's parked for now.

[Airy Cat]

I try to avoid rough roads.