Re:Maybe Treating Housing as an Investment Was a Colossal Mi...
by bmitc on Monday March 06, 2023 @02:09PM
(#35046054)
I'll take a look into that. Thanks for the suggestion! As I said, I'm pretty happy with my town's management so far. The town I rented in had far worse management, but it is a town of landlords and not really homeowners.
Just looking at my latest report on my property tax bill (which was about $3k USD for 2022):
- about 45% of the amount went to local city administration, which includes civic services like police, fire, etc.; the city had a nearly balanced budget for the year (<$1k US away from balanced)
- about 55% of the amount went to the local school board (who are directly voted on by the city's populace and can directly levy property taxes) for teachers, administrators, building maintenance, etc.; the school board did not have a balanced budget on account of bond issues for new construction in anticipation of ongoing new housing construction
- 3% went to the local library (whose board is partially appointed by the mayor and partially self-selected), which had a small budget surplus