We need to replace all taxes with a land value tax

You expect the land you own in say...CA to be equal to the land you own in say....NY?

Appraisers have to adhere to a single national standard.....http://www.uspap.org/ Check it out.

 

You can't 'pass' because if you don't pay your taxes, the local authority will come after your land eventually. Thank those that vote for those policies that take YOUR money.

 

I said I pay my taxes, did you miss that?

 

You said:

If your taxes go up, you'll HAVE to pay more. You can't just 'pass.' I did not mean to suggest you don't pay your taxes now.

 

That would be your opinion, one that implies little understanding of an issue but still feels free to pronounce some misguided judgement.

Ignorance lies in the aptitude of failing to learn what is available to be learned. Another way of saying this would be to say that the presence of truth and morality in the lives of the people of any given society is inversely proportional to the presence of tyranny and slavery in that society. True freedom can never exist in a society that embraces "Moral Relativism", the idea that there is no inherent and objective difference between right and wrong, so humanity may arbitrarily "create" or "decide" right and wrong for themselves. This leads to the main reason our species continues to experience a systemic and growing loss of freedom, because we collectively do not deeply understand ownership and we continue to commit and condone theft.

So let me restate the axiom, one that buy something that they have no clue as to it's value by may of one looking to propagate a myth with the permission and endorsement of the state gets exactly what they are asking for. Perhaps next I will buy your house from Freddie or a REIT for what it's really worth, pennies on the dollar.

 

There is no conspiracy between professional property appraisers and either YOUR State or with the Federal Govt. Both entities REGULATE the appraisal industry by requiring education, passing a State test, requiring an internship and levying fines, punishments or loss of license. Any appraiser that tells you what the value of your home is, OR is given a DIRECTION in value WITHOUT strictly adhering to USPAP guidelines, developing an appraisal and delivering it in a written or oral report is in direct violation of the USPAP. However, it is hard to discover because it is usually a conspiracy to defraud a GSE by the homeowner/borrower and a crooked and/or negligent appraiser. You know, like YOU did.

If you had any sense of right or wrong or, really cared what the true value of your property was, you would have rejected his appraisal and gotten another one without blabbing what you THINK your property value is.

You may have already bought my house, it got foreclosed on several years ago. Good luck with that!! I turned around and bought someone else's REO. Maybe yours? BTW, you don't NEED an appraisal to buy a house. Just use YOUR OWN MONEY. Tell the appraiser to take a hike. I wouldn't but heck it's YOUR money.

 

A land value tax would be inherently progressive. Poor people, as a general rule of thumb, do not own as much land as do rich people. Not to mention the fact that you cannot just hide land in overseas bank accounts like the rich do with income taxes now.

So the LVT actually has a better chance of reducing income inequalities than an income tax does. And we can do it all without taxing (and consequently discouraging) labour.

 

I really do not understand how an appraisal can be accurate when the appraiser is not allowed on the property and required make their assessment based on only what they can see from the public ways. According to an appraiser I met near my house if your house is visible from the road it is considered in detail by the appraiser but if it is not visible they just guess its value. Also, from my experience if you file an objection to a new appraised value the tax authorities will most likely reduce the appraised value and your taxes considerably because they know the appraisers are guessing and have no desire to try defending all that subjective guesswork in court.

 

This is the way it used to be. Of course, at that time, only land owners could vote.

The problem with this now is that it would the poorer people off their land/homes/businesses, because the value often surpasses their ability to pay. As the poor gradually give up ownership, the wealthy snap up the land and turn it into tenant property. Now, the poor still pay, in the form of rent, but they have no way to acquire any equity in the land.

It's a poor idea.

 

They're actually pretty accurate. The Register of Deeds keeps records on the size of the home - age - special features like exclusive neighborhoods, etc. When a home changes hands, the new appraisal is recorded and it then takes precedence. New homes under construction are visited by the tax man. If the valuation is too high, the homeowner can appeal. If it's too low - you won't hear from the homeowner until he goes to see the home. LOL

 

What you're talking about triggers gentrification. This is what so many urban communities seek to avoid. When an area is blighted, land values are low, allowing poor people to purchase a home. Then someone comes along and says, "What a mess, let's clean it up. Let's put in a new strip mall." Wealthy investors offer one block of poor people good prices for their homes (or - eminent domain) and put up the shopping center. That increases the value of the surrounding land, which puts the new higher taxes out of the reach of the poor. They sell, more investors come in and the cycle keeps repeating itself.

Land value taxing is extremely bad for poor people because it takes away their homes.

The best form of taxing is simply sales tax. It can be more poor-friendly by removing taxes from food.

 

LVT is a tax on the unimproved value of land. It is not like most property taxes.

http://www.landvaluetax.org/what-is-lvt/

Uh, that's not at all what it does....

A sales tax high enough to replace the income tax would discourage consumerism and economic growth. It would basically bring our economy to a standstill and run American business overseas.

Lol, please.

 

The problem with that theory - is that the land is only unimproved when nothing sits on it. If it has a home - it's improved real estate, and as I pointed out - it would lead to unfair burden on the poor when the value of the land around them goes up.

If you think you can fix land value assessments - think again. It's worth what sits on it - period. You would just be making it easier for the wealthy to buy out and run off the poor.

Who's advocating that high of a sales tax? Not me.

 

I lived in places where there were reappraisals every three years, generating astronomical increases in values and taxes without any evidence at all from actual sales data to support them. You could never persuade me that the appraisal system is somehow objective and fair, never. This is not about appraiser credentials or integrity but about politics and as long as politicians are involved in legislation concerning the valuation of land holding everything else is completely irrelevant.

In NYC there is a law that taxes new construction on the value of the property before it was developed. There are hundreds of new high rise luxury buildings that pay the same property tax as the far smaller and older buildings housing the poor and middle class on the same block. How is that fair?

 

That's not the nature of the tax. What's being taxed is the land itself, not what is on it or around it.

I'm not trying to fix land value assessments.

How so?

Oh, I had assumed since this thread was about replacing all taxes (including the income tax) with an LVT, you were advocating the same with a sales tax. That's my bad, I should not have made assumptions.

 

Sure there isn't, they have no vested interest whatsoever. My at how trusting and so ill informed the indoctrinated seem to be. They are so confident they leave everything to someone else and then when they discover they have been shafted, they are in awe.

Yeah, so dependable they needed a "Reform, Recovery, and Enforcement Act". Oh wait, that was in 1989 and still the horrendous explosion in 2008. Imagine buying a $500,000 home to only find out it's true value was less the $200,000 outside the bubble.

Uniform Standards of Professional Appraisal Practice (USPAP)

"The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions. State Appraiser Certification and Licensing Boards; federal, state, and local agencies, appraisal services; and appraisal trade associations require compliance with USPAP."

And as for your little sociopathic synopsis, you know nothing about me so don't try and pin your standards of morality to me. I have no need to be represented in anything, especially appraisers and attorneys. I know what I am willing to pay for anything, you can either accept of take a hike, I could care less. There is no love for any asset until it is mine

What part of I use no one else are you having a problem understanding? The true value of any property is my determination and mine alone. And I do not think I know what my property is worth, I know what it is worth, what I was willing to pay.

Just what I thought, my sense of value. And I doubt I would have purchased any property you previously owned. Just the fact "you" owned it would put it beyond what I would consider value for my needs. By that same token I can confidently say you have never bought anything I own but I love your integrity, get foreclosed on one and jump right back out there to defraud someone else, great moral standard. No appraiser, no bull? By the way, I don't use inspectors and do my own title work too.

By the way, have you ever built a house? Ever been to multiple building departments and pull multiple permits all in the same day? You ever bid to build 600 - 800 units in a development? Ever win one of those bids? Just because you say you have a mortgage on a house, you really have no clue what you are talking about when it comes to houses and values.

By the way, property appraisers hate me, I hold them personally responsible. As to LVT, don't care, that is only for those that don't own their own property.

 

So what you are saying is you have no objection to slavery, just the form that slavery exists?

And to say that this would somehow reduce inequalities is purely naive. Please explain at how this would not be even more unfair than what exists?

 

Great point!!! The only actual appraisal is the last sell price, what a willing buyer paid a willing seller. But that state will never settle for that because they want to inflate the value for their benefit. Of course, there is always the building permit, a screwing from both sides, pay now and pay later.

 

The purpose of a republic is the protection of the people by the protection of property, after all your person is your most valuable property. It was the protection of a man's property that formed the concept of those with something to lose should be the ones to control their destiny by government.

One only need look at society today to see the wisdom of that concept.

"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."

" Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom."
Alexis de Tocqueville

--Alexis de Tocqueville, Democracy in America, 1835

 

Where the hell did you get slavery from?

Land cannot be stored on overseas bank accounts like income can. Also, rich people as a general rule of thumb tend to own more land than poor people, making a tax on land inherently progressive.

These are points I have already brought up.

 

Please explain why one form of theft is better than another? The founders were very aware of this trend and put into place a system that worked exceedingly fine until 1913. Never had a nation so prospered until this period.

 

Appraisers are not paid a percentage of the value they have appraised...That is illegal for them. They have no vested interest in the value of the property. That is why they would be more objective than the homeowner/borrower.

Firrea was a lending reform based on the insolvency of thrifts. Firrea also created ASC which eventually led to State licensing of Appraisers. Appraiser's didn't 'need' Firrea at all.

Uniform Standards of Professional Appraisal Practice (USPAP)

Yeah, exactly as I already told you, appraisers doing appraisals for GSEs need to hold a State Certification/License which is obtained by taking education, passing a test and spending years as an intern.

Well...From what you posted it could be construed that you were in a conspiracy to defraud. Ignorance is no defense for breaking the law you know.

I really don't care who or what you 'use' as long as you are spending YOUR OWN money but, when you start BORROWING money to buy property through a GSE type loan, your opinion is meaningless.

Bad things happen to good people. Your little 'understanding' with the crooked appraiser is one of the reasons so many lost their homes due to inflated values. Yeah you do your own title work and make up your own values apparently.

Yes and I go to building departments all the time in the course of my work. Lenders are most interested in Market value for obvious reasons. What you PAID for it or what it COST to build it may or may not be reflected in the market.

People like YOU who have secret deals with crooked appraisers are who I hold personally responsible. Why would an appraiser HATE you?...You said you don't use them.