Homes in poor neighborhoods are taxed at roughly twice the rate of those in rich areas, study shows Published March 12
This April 13, 2019, file photo, shows homes in suburban Salt Lake City. Homeowners in America’s poorest neighborhoods face effective property tax rates roughly double those levied on the richest ones, according to a new study. (AP Photo/Rick Bowmer, File)
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Print article Homeowners in America’s poorest neighborhoods face effective property tax rates roughly double those levied on the richest ones, according to a massive new study by a University of Chicago researcher. In theory, all homeowners in a given jurisdiction are subject to the same property tax rate, regardless of home value. But the methodology cities use to assess property values skews the final effective tax rates dramatically: Some homes are assigned considerably lower assessments than their actual market prices, while others are given much higher valuations.
taxpayers money because they have their own. it s a fallacy that the rich people are smarter than everybody else. but maybe they have a few tricks up their sleeve, but what it seems to be is a trick on those people because if you look at the regressivity of this tax plan they re putting out i don t think can you call it a tax reform. it s a tax cut in the transition of the business-friendly republican party. first, $52,000 price is going to pay back to the government for travel, just for his seat. his department won t say who else was on that flight and whether or not they re paying back the money for their seats on those flights. that s only that s a drop in the bucket compared to the amount of money that was spent. it is. and i think we have to come forward with, what procedures do you have internally that got you into this trap that doesn t trap your predecessors, the bush administration, the obama
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university sports program. a coach is faced on leave and we will hear from a friend of the accuser. it s called 821. you probably haven t heard about it. a united nations development program has become a code word for conservatives and newt gingrich is taking full advantage. i m wolf blitzer. you re in the situation room. first, herman cain. he certainly has become the first of the 2012 republican presidential candidates to get protection from the secret service. there are some questions about the timing and reasons why. herman cain himself is due to meet with reporters live this hour. we will hear the q&a. we will go to joe johns looking into this story. what do we know? reporter: cain is the first to get this protection but not going to be the last. we all know that. frankly it is to be expected, doing well in the polls and qualifies as a major candidate. when and why certain presidential candidates get secret service protection may seem like a big mystery. it s n
i d like your thoughts on his 9-9-9 plan. what makes the flat tax better than 9-9-9-9-9? caller: the 9-9-9 has a 9% sales tax which is a very tough sell politically. most sales taxes are 8%, 9%. to add 9% to that, really it s a turn-off for people. they have problems of regressivity, which is why he s coming up with proposals for rebates for people with low incomes. so i think it s just simpler and easier to take the current code, junk it, replace it with a simple flat rate with a generous deduction for adults and for kids. you know, steve, the gop is being criticized for focusing on tax policies while so many americans, 14 million remain out of work. what about a workable jobs plan? caller: that s part of the workable jobs plan, getting the economy moving again by having a lower rate. that lowers the price on good things like risk taking,