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Sunday, February 10, 2013

Blogging Department :: "The Common Good"

Retrieved by Pat Darnell  |  Feb 10, 2013  |  Bryan TX

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It's not easy finding subjects to blog about. Blog was short for Business Log, now it has lots of other forms and meanings. The major thing it has done is change social order. Discover your business, and make a daily log. It has a time stamp and file on a server. That makes it personal and public, and patented. Your blog is your patent.

Some how the first responders are no longer just news media jockeys. The camera phone and the bystander, who just happens to know how to blog, is the first witness on the scene. On youTube you find what you can't find on TV.

So who is responsible for what is and what isn't displayed for the public eye? I think blogging is response to absurd network news hype, and inaccurate newspaper stories. If anything, the witness to events is no longer second hand news coverage, rather it is you where you stand!

"It's a trend," think the media jugheads. "We the people thrive on bad news, we see it in the blogs." So they begin an onslaught of bad news. Typical.

Emphasis on bad news makes for an unlevel playing field. There is good news out there, and some bloggers try to make it their business. Thus, lots of flip flopping about whether there really is good in good. What some describe as the common good is not the common good of others.

Here's today's lemming. The dip in property tax collections that was predicted did not happen.

Property Tax Collections on the Rise Again « Eye on Housing:
Some analysts expected large declines in property tax collections for state and local governments in the wake of the Great Recession. However, this drop has never happened, despite historic price declines for owner-occupied housing. In fact, recent data demonstrate that property tax collections are on the rise again, leading to higher effective property rates for homeowners and other property owners.
'via Blog this'

This elevated tax burden is significant, especially when one considers the decline in housing prices since 2006 – a decline that led many to incorrectly conclude that property tax payments would also significantly fall. According to the Case-Shiller national house price index, housing prices are down a little more than 30% over the last six years. Yet the decline of property taxes paid from the peak is negligible (0.4%). This means that the effective tax homeowners pay on their homes remains high.

Taxes paid by homeowners and other real estate owners remain the largest single source of taxes for state and local governments. At 34%, property taxes represent a significantly larger share than the next largest sources: individual income taxes (22%) and sales taxes (21%).

There are several reasons why property taxes have not dropped with housing values.

  • First, assessments of value tend to lag.
  • Second, Property tax authorities can adjust tax rates, increase them as property values decline.
  • Taxes paid by homeowners and other real estate owners remain the largest single source of taxes for state and local governments. At 34%, property taxes represent a significantly larger share than the next largest sources: individual income taxes (22%) and sales taxes (21%).

NEXT WEEK :: So You Want to be a Property Owner!

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