City taxes are out of sight
TO THE EDITORS:
In 48 years in real estate I have never written a letter to the editor, but now I have to. In the 1970s, you could rent a house for $175 a month and make a profit. Now the property taxes are $250 a month.
I cannot blame the county because it was their first property tax increase in about five years. However, city taxes are out of sight.
The mayor and city council's answer is, "Just raise the city tax." It is higher than any other municipality, and the school tax is not much better. We are having mortgages turned down because buyers' ratios-to-income like $3,900 taxes on a $120,000 house.
Where will it stop? Homeowners have had enough. Landlords have had enough; their only choice is to pass higher taxes onto the tenants, resulting in higher rents.
Since about 60 percent of houses in the city are tenant-occupied, this puts a burden on Social Security assistance, Welfare and the Section 8 program that gives assistance to lower-income tenants.
Does the city have an answer? I don't think so. But I do. Stop raising taxes. Also, water and sewer bills are a tax -- the 65 percent increase in sewer rates last year is killing tenants and getting landlords in trouble. Now I heard that trash bills are going up at the end of the year. Enough!
Edgar M. Wright