[RP TownTalk] Land Value Tax Calculator

[bruce.wernek at mindspring.com]

Dave

Thanks for the very informative counter point.  This may explain why there are no municipalities in the state which have adopted the LVT.

Bruce

-----Original Message-----
>From: david lingua <inkywaterbears at yahoo.com>
>Sent: Apr 13, 2006 9:12 AM
>To: TownTalk at riverdale-park.org
>Subject: Re: [RP TownTalk] Land Value Tax Calculator
>
>Currently the underutilized commercial property on
>Rhode Island Avenue owned by Mr. Jemal's company would
>net Mr. Jemal $110.- in decreased taxes under LVT as
>the property stands right now.
>A cursory glance at at the town shows a large number
>of residential properties, if not a majority, would
>see their tax rates increase. One sees more red than
>green as one looks at page after page at the site
>provided by Mr. Hiles. While Mr. Hiles did provide the
>caveat emptor ("might look like"), the examples
>demonstrate negligible incentive for adopting LVT.
>
>-DJL
>
>--- "Regina M. Kreger" <regina at kreger.net> wrote:
>
>
>---------------------------------
>    As I understand it, most residential taxes go
>down; taxes onunderutilized commercial property goes
>up.
>
>Nancy wrote:  
> Wait a minute. If some folks' taxes are going down,
>then whose taxes aregoing up? Or is this mainly a
>mechanism to reduce tax revenue for localgovernment?
>NancyRiverdale Road-----Original Message-----From:
>TownTalk-bounces at riverdale-park.org[mailto:TownTalk-bounces at riverdale-park.org]
>On Behalf Of david linguaSent: Wednesday, April 12,
>2006 5:31 PMTo: David Hiles;
>TownTalk at riverdale-park.orgSubject: Re: [RP TownTalk]
>Land Value Tax CalculatorWell now I know.State:       
>       $ 21.- increaseCounty:            $ 72.-
>increaseMunicipal         $ 61.- increaseTotal        
>       $154.- increaseFederal deduction return (+/-)  
>  $ 24.-Total net out of pocket:        $130.-This is
>on a residential valuation under $200K.The numbers
>tell it all.Thank you, David.                --- David
>Hiles <hilesd at mindspring.com> wrote:  
>      
>My messages to this list are being moderated because I
>was judged to violate the posting
>standards.************************************Wonder
>what your taxes might be like under a LVT?Put your
>address intothe calculator available at the link below
>and you will get a suggested LVT tax bill.  It uses
>public tax records as the main input.LVT
>Calculator:[http://www.marylandlandtax.org/calculator]WE
>are who we have been waiting
>for.http://riverdalepark.blogspot.com/_______________________________________________TownTalk
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