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Property tax rates on homes in US states may provide some guidance to coming increases in Irish taxes

Patslatt1

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Nov 18, 2009
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See Which states have the highest and lowest property taxes? Voracious tax demands needed to cover uncontrolled medical care spending and extravagant public sector pay and pensions will inevitably force the Irish government into imposing high property taxes on Irish homes. For an indication of coming increases in Irish taxes, the different tax rates in US states could provide some guidance.
US taxes vary a lot. Rich California state revolted against property taxes a generation ago in a referendum called Proposition 13 that set a low percentage tax rate on homes. Maybe the Irish fondness for referendums will result in a similar tax revolt.
Some states that have low taxes on incomes and low sales taxes compensate with very high property taxes. Florida has no state income tax,for instance. New York City uniquely has a city income tax but still has high property tax.
Very high VAT and income taxes in Ireland may limit potential for property tax increases that don't trigger a tax revolt similar to the opposition to water charges.
It's interesting that house prices in many US states are a fraction of those in Ireland, even in a state with a big population like Texas where the average home value is only $136,000 or 121,000 euros. That is proof of the enormous costs imposed on Irish housing by unnecessary government regulation and red tape put there by the political allies of NIMBY home owners.
 
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2lazy

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May 15, 2015
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606
See Which states have the highest and lowest property taxes? Voracious tax demands needed to cover uncontrolled medical care spending and extravagant public sector pay and pensions will inevitably force the Irish government into imposing high property taxes on Irish homes. For an indication of coming increases in Irish taxes, the different tax rates in US states could provide some guidance.
US taxes vary a lot. Rich California state revolted against property taxes a generation ago in a referendum called Proposition 13 that set a low percentage tax rate on homes. Maybe the Irish fondness for referendums will result in a similar tax revolt.
Some states that have low taxes on incomes and low sales taxes compensate with very high property taxes. Florida has no state income tax,for instance. New York City uniquely has a city income tax but still has high property tax.
Very high VAT and income taxes in Ireland may limit potential for property tax increases that don't trigger a tax revolt similar to the opposition to water charges.
It's interesting that house prices in many US states are a fraction of those in Ireland, even in a state with a big population like Texas. That is proof of the enormous costs imposed on Irish housing by unnecessary government regulation and red tape put there by the political allies of NIMBY home owners.
Is should be noted that individual townships in some states set local property tax rates which leads to unbalanced funding for schools etc.
Good school districts attract buyers sending property values higher along with tax revenue and more funding for even better schools - a self perpetuating cycle, of course the opposite is happening in the poorer districts and so it continues
 

Patslatt1

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Joined
Nov 18, 2009
Messages
3,790
Is should be noted that individual townships in some states set local property tax rates which leads to unbalanced funding for schools etc.
Good school districts attract buyers sending property values higher along with tax revenue and more funding for even better schools - a self perpetuating cycle, of course the opposite is happening in the poorer districts and so it continues
Some states in the US South are indifferent that many of the generally low income black American population haven't access to quality education and before the civil rights movement, they deliberately tried to keep blacks illiterate by paying teachers poorly.
 

enuffisenuff

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Sep 27, 2011
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the guideline will be...how much taxpayers money do we need....what stick can we use to get this money....and lets wait until after the next election to use the stick.....
 

Watcher2

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May 2, 2010
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34,462
Property taxes in the US tend to be ringfenced to pay for things like schools and other services. Here, politicians cant even spell "ringfenced".
 


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