INC NEWS - County Tax Flexibility

[Colin Crossman]

Pat-

I think you made a typo, which some may find confusing.

You said: "The sales tax would on be on food"

I believe you meant to say: There will be no tax on food.

-Colin Crossman
Walltown

On 8/14/07, pat carstensen <pats1717 at hotmail.com> wrote:
>
> I attended the hearing last night on the possibility of increasing the
> sales
> tax or the land transfer tax to relieve some need for property
> taxes.  About
> 30 people spoke, some against the sales tax, some against the transfer tax
> (tho it looks like the real estate folks will wait to get people out in 2
> weeks when the commissioners actually vote), some for the transfer tax,
> some
> asking to just let the people vote (very eloquent from Barry Ragin, for
> example), some asking for money for the arts (personally, I think that a
> transfer tax should be seen as a down-payment on infrastructure and
> appropriately limited), and a few "members of the Leprechaun Cult" (those
> who believe there is a pot of gold somewhere and if elected officials
> would
> just do their job, they would find that pot of gold and we could all save
> on
> taxes (-:)
>
> Anyhow, a couple key pieces of info:
> * The sales tax would on be on food
> * The land transfer tax would be equivalent to 4.32 cents in property tax
> * The sales tax would be equivalent to 3.66 cents in property tax
> * A full presentation is on www.durhamcountync.gov (a pdf file, at top of
> page, "Commissioners host Public Hearing on August 13th at 7pm to consider
> whether to increase Sales Tax or Land Transfer Tax [PDF]"
> * Although it sounds like the Board of County Commissioners would like to
> build in exceptions, the General Assembly doesn't allow it (basically, the
> law says the only exceptions are transfers that aren't sales, like
> bequests).  I suppose they could choose to make some rebates (for
> renovating
> historical property or for the tax on the first $25K of the value of the
> property)
>
> Personally, I think the way to handle the argument that senior citizens
> have
> paid property tax for years and would end up "double paying" if they sell
> their house now would be to phase in the land transfer tax so the
> accumulated property tax savings more closely matches the transfer tax
> paid.
>
> The commissioners are getting lots of calls and e-mails and were
> appreciative of the high quality of the comments they are getting.  If you
> want to add your voice:
>
> Ellen Reckhow      ereckhow at aol.com
> Becky Heron         beckymheron at nc.rr.com
> Phil Cousin           prcousin at earthlink.net
> Lewis Cheek         lcheek at durhamcouuntync.gov
> Michael Page        mpage at durhamcountync.gov
>
>
> Regards, pat
>
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-- 
Colin R. Crossman, Esq.
crc128 at gmail.com
919-452-3333
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