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Mayor Turner proposes property tax rate hike to aid Harvey recovery - Printable Version

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Mayor Turner proposes property tax rate hike to aid Harvey recovery - UTSAMarineVet09 - 09-13-2017 09:34 AM

Lets help flood victims... by taxing flood victims!

Quote:HOUSTON - Mayor Turner will seek city council's approval of an 8.9% hike in the city's property tax rate to help with Hurricane Harvey recovery, according to Alan Bernstein with the mayor's office.

http://www.khou.com/news/local/mayor-turner-proposes-one-time-tax-rate-hike-to-aid-harvey-recovery/473736960


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - Fitbud - 09-13-2017 09:36 AM

How else are you going to pay for all those frivolous law suits?


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - UTSAMarineVet09 - 09-13-2017 09:49 AM

I didnt know the City of Houston was being sued, and even if it is, he said that it was to aid Harvey recovery... not to help with the lawsuits.


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - Fitbud - 09-13-2017 09:54 AM

(09-13-2017 09:49 AM)UTSAMarineVet09 Wrote:  I didnt know the City of Houston was being sued, and even if it is, he said that it was to aid Harvey recovery... not to help with the lawsuits.

You think that money is actually going to go to help aid Harvey recovery?


That's precious.


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - UTSAMarineVet09 - 09-13-2017 09:56 AM

(09-13-2017 09:54 AM)Fitbud Wrote:  
(09-13-2017 09:49 AM)UTSAMarineVet09 Wrote:  I didnt know the City of Houston was being sued, and even if it is, he said that it was to aid Harvey recovery... not to help with the lawsuits.

You think that money is actually going to go to help aid Harvey recovery?


That's precious.

I guess not, since he is a democrat... not surprised. 07-coffee3


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - bullet - 09-13-2017 09:57 AM

Saw another thread where it was claimed this tax increase would raise triple the amount needed for recovery. Never let a crisis go to waste!

The city has apparently been under a law requiring to gradually reduce its rates so that it isn't constantly generating more revenue from property inflation. He is trying to get some of that back.


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - Bull_Is_Back - 09-13-2017 10:29 AM

8.9% increase... My goodness


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - UTSAMarineVet09 - 09-13-2017 10:32 AM

and I heard on the news that the city is asking volunteers to enter their time on their perspective websites, so they can ask FEMA to reimburse those "volunteer" hours.


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - Fitbud - 09-13-2017 10:56 AM

(09-13-2017 09:56 AM)UTSAMarineVet09 Wrote:  
(09-13-2017 09:54 AM)Fitbud Wrote:  
(09-13-2017 09:49 AM)UTSAMarineVet09 Wrote:  I didnt know the City of Houston was being sued, and even if it is, he said that it was to aid Harvey recovery... not to help with the lawsuits.

You think that money is actually going to go to help aid Harvey recovery?


That's precious.

I guess not, since he is a democrat... not surprised. 07-coffee3

Right because only democrats can be capable of corruption.


RE: Mayor Turner proposes property tax rate hike to aid Harvey recovery - WoodlandsOwl - 09-13-2017 11:10 AM

(09-13-2017 10:32 AM)UTSAMarineVet09 Wrote:  and I heard on the news that the city is asking volunteers to enter their time on their perspective websites, so they can ask FEMA to reimburse those "volunteer" hours.

Apparently there is a huge difference between the expenses that the City of Houston has already incurred and the amount of FEMA reimbursement the City expects to receive. Thus the rate increase.

Another factor to consider the hit to the property tax base as a result of Harvey. I wouldn't be surprised to see valuations to fall 60-75% on some residential property where you have a non-repaired flood damaged home. Improvements basically valued at $0.00 and the land value should take a hit too if its in a area that historically floods.