New Orleans Recovery is DEAD

[hummtide]

Tax assessments went out this week. My cousin who lives off St Charles in the Garden District had her home she bought in 2004 for $164,000 and appraised for $279,000 last year (they didnt flood) saw their tax bill balloon from $880 to $11,410 for 2008 off an assessment of $830,000. How in the hell do they expect people to pay this? I mean its literally Florida of 2004 thru 2006 all over again... first the homeowner insurance zooms up 300%+ then the property taxes leap in some case more than 1,200% And her neighbor who bought their home in 1990 for $188,000 and last appraised this year for $675,000 had an assessment for 2008's taxes of $1,400,000, and her neighbors tax bill is over $23,000!

[angelatc]

That's obscene. I'm just speechless.

[AnotherAmerican]

There isn't an expletive strong enough to describe what I'm feeling about this. Is there any way to contest the assessments?

[Johnnybags]

How to correct it is to burn down city hall!!, or the house!!

[james1906]

disgusting. do they really think people can pay this?

[ChooseLiberty]

New Orleans was always a bizarre place unrestricted by that pesky rule of law concept.

Sorry to have to say it, but I assume they were, ah, "Caucasian"?

[american.swan]

You think that's bad.

haha....it's been that way for years in South Korea and it just got worse. The best thing to do in that situation is sell the house take the extra cash and make someone else pay the tax; take the profit and build a better home in a cheaper state. Dang, over 1,000,000; sell; live off the interest of that.

Let me give you an example of South Korea. First off, either the working class of Korea hates the rich for no reason, or the rich are arrogant and deserve to be hated either way, the president put into effect a law that nearly 50% of the sale value of a house is tax. Why? because you didn't "EARN" the increase in value of your home.

My father-in-law bought a home for about $180,000 30+ years ago...tax no problem. Right! Today the house is worth nearly $2,000,000 and the tax is more then a partially-retired man's income, and on top of that if he tried to sell to pay the tax, he looses 50% of the sale price approx.

NUTS!!!!

Result: Most people are waiting and partially protesting about it. The current poor-mans admin ends soon and they are hoping a new more "rich" friendly pres gets in to eliminate the approx 50% tax on the sale of homes.

[Brandybuck]

There isn't an expletive strong enough to describe what I'm feeling about this. Is there any way to contest the assessments?
Years ago in California we citizens passed Proposition 13. It prevents property taxes from being raised on homes. The only time the government gets to reassess a home for property tax, is when the home is sold. California is a weird ass wacky place, but sometimes we do the right thing.

Just copy our proposition, and put it on your state referendum.

[Man from La Mancha]

Years ago in California we citizens passed Proposition 13. It prevents property taxes from being raised on homes. The only time the government gets to reassess a home for property tax, is when the home is sold. California is a weird ass wacky place, but sometimes we do the right thing.

Just copy our proposition, and put it on your state referendum.

But your children won't have a house because they can't afford one or afford the taxes on your home. Isn't the property reasset when you die and willed to your children.

.

[AnotherAmerican]

But your children won't have a house because they can't afford one or afford the taxes on your home. Isn't the property reassesed when you die

Yup. You got it. It's like rent control for homeowners. All the usual arguments against rent control apply, too.

[LizF]

Tax assessments went out this week. My cousin who lives off St Charles in the Garden District had her home she bought in 2004 for $164,000 and appraised for $279,000 last year (they didnt flood) saw their tax bill balloon from $880 to $11,410 for 2008 off an assessment of $830,000. How in the hell do they expect people to pay this? I mean its literally Florida of 2004 thru 2006 all over again... first the homeowner insurance zooms up 300%+ then the property taxes leap in some case more than 1,200% And her neighbor who bought their home in 1990 for $188,000 and last appraised this year for $675,000 had an assessment for 2008's taxes of $1,400,000, and her neighbors tax bill is over $23,000!

:eek: :mad: Truly outrageous!

[Wendi]

That's obscene for property in a city that is barely inhabitable.

I've said it before and I'll say it again - Katrina is NOT the biggest cause of that city's troubles. Their out-of-control gov't is.

[torchbearer]

How to correct it is to burn down city hall!!, or the house!!

or both.

[torchbearer]

New Orleans was always a bizarre place unrestricted by that pesky rule of law concept.

Sorry to have to say it, but I assume they were, ah, "Caucasian"?

The mayor isn't and hasn't been Caucasian in new orleans. the rich black left the poor black behind.

[RP08]

Tax assessments went out this week. My cousin who lives off St Charles in the Garden District had her home she bought in 2004 for $164,000 and appraised for $279,000 last year (they didnt flood) saw their tax bill balloon from $880 to $11,410 for 2008 off an assessment of $830,000. How in the hell do they expect people to pay this? I mean its literally Florida of 2004 thru 2006 all over again... first the homeowner insurance zooms up 300%+ then the property taxes leap in some case more than 1,200% And her neighbor who bought their home in 1990 for $188,000 and last appraised this year for $675,000 had an assessment for 2008's taxes of $1,400,000, and her neighbors tax bill is over $23,000!



Crazy! That's a tax payment higher than the mortgage payment (on ~$164k @ 30 yr).

First you get taxed a third of your hard earned income, then from that you can barely (or not) pay the tax on your home, and what you did manage to save after a lifetime paying taxes on income gets taxed again to those you leave it to.

... and, for what?

[hummtide]

well when you have a state with a depend on the govt mentality..what do you expect.. for those who dont know.. Louisiana has 61% of able bodied people capable of working...NOT WORKING. only 39% of the people there work. So those who have the money now must take up the slack for all. My cousin already called her realtor this morning and said 6 offers and shes selling to the highest bidder. She told me they can take that city and state and shove it, as shes moving back to Mobile.

[michaelwise]

well when you have a state with a depend on the govt mentality..what do you expect.. for those who dont know.. Louisiana has 61% of able bodied people capable of working...NOT WORKING. only 39% of the people there work. So those who have the money now must take up the slack for all. My cousin already called her realtor this morning and said 6 offers and shes selling to the highest bidder. She told me they can take that city and state and shove it, as shes moving back to Mobile.

The reason why only 39% of the people there work is because the illegal aliens are the modern day slaves. 50% of the people there are the new masahs. Slavery is alive and well in this country.

[freelance]

Fifth Circuit Rules Against Policyholders and for Insurance Companies:

http://news.yahoo.com/s/ap/20070802/ap_on_bi_ge/katrina_insurance_4

NEW ORLEANS - A federal appeals court ruled Thursday against Hurricane Katrina victims who argued their insurance policies should have covered flood damage caused by levee breaches that flooded 80 percent of New Orleans during the 2005 storm.

[Wendi]

The reason why only 39% of the people there work is because the illegal aliens are the modern day slaves. 50% of the people there are the new masahs. Slavery is alive and well in this country.

I'm not sure I followed this... :confused: