To The Editor:I learned what the Hall income tax was by reading Mr. [Carl] Lansden's letter to the editor earlier this month.Then, we heard from our legislators in rebuttal of the letter. Mr. …
To The Editor:
I learned what the Hall income tax was by reading Mr. [Carl] Lansden's letter to the editor earlier this month.
Then, we heard from our legislators in rebuttal of the letter.
Mr. Lansden has a straightforward argument that the wealthiest citizens are getting a tax cut while the poorest citizens are facing an increase. The legislators are pointing out that the Hall tax is being phased out because it is an extra tax on the interest earned by investments.
Mr. Lansden stated that the [Cleveland] City Council raised property taxes to offset this tax. This is where it gets foggy for me.
So, is Mr. Lansden claiming that the wealthiest citizens in Tennessee do not own property? If they do own property, are they exempt from the property tax increase? I'm confused. Wouldn't the wealthiest citizens own the most property, as well?
As a real estate appraiser licensed in Tennessee and Georgia, I have seen property values increase at a stable pace for the last few years. When market values increase, property taxes increase. We can't have it both ways.
It may indeed be that the city council raised property taxes to make up for the shortfall. I have no idea if that is the case. With that said, would Mr. Lansden sell me his house for the tax-assessed appraisal?
Even with a property tax increase, houses are still appraising for much more than their tax-assessed appraisal. I know the county mayor [D. Gary Davis] brags about not increasing property taxes in the last 17 years; however, I disagree.
Property tax is one indicator of market interest. Don't get me wrong. I'm not pro tax increase. I'm pro growth,and with that we should expect property taxes to follow at a reasonable rate.
I did like Mr. Lansden's concluding statement about a chicken. It made me laugh. And I agree that chickens wouldn't vote for Col. Sanders.
But, that analogy must just be for Democrats, because Republicans are not chicken.
Chickens expect their housing, food and medicine should be given to them without any consideration for the farmer. Col. Sanders is the result.
— Chuck Martin
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