Hello Everyone, I got home from work and found a letter in my mailbox from the city. It seems my property has been reassessed and increased by 47,000 dollars. My home wich i finally paid in full three years ago is now going to coat me 5,000 dollars a year in property taxes. I got rid of the bank but now a new slave owner is asking me to pay up to live in my own home. Whats really going on. They killed the business owners and are laying the loss of tax revenue onto the home owners. These thieves are stealing from their own citizens. And don't get me started on the innumerable fees everywhere. Firehydrent, garbage can fees, wheel tax ( every car in the city pays 40.00 for each wheel touching the road) this is thievery. Taxation without representation. Thieves!!!
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I've gotten a similar letter lately. They're looking to increase their tax base to offset lack of money elsewhere. My town for example has open store fronts that seemingly increase by the day. They want to make it up somewhere. No where better than the homeowner who has no choice.
I wasn't even home when the assessor came, and they refused to send him back out. I have made no upgrades since last assessment, but because I "refused to let them in," my property value went up by 30%.
On top of that, I got a notice from my home insurance company. Once my bank got wind, they wanted a higher amount of "protection".
Apparently the mortgage company (at least in NJ) can adjust home insurance coverage without even notifying the homeowner. When my bill went up by $700/yr, I was like "WTF?"
When the state says the value of your property has increased the insurance companies have to raise the replacement value of your home. Renters are furious because they think rent increases for no reason at all because they don't see the tax and insurance bills.
It all begins with money creation by the Federal Reserve.
Yeah I get about replacement value, I think it's more the problem of they can just do it without notifying the policyholder/homeowner. Then again the banks have full control, so, shouldn't be surprised.