[Summit] Fwd: Urgent: Immediate threat to East Side property taxes and home values

Michael McGlynn mmcglynn at gmail.com
Mon Jun 10 18:06:13 UTC 2019 

In my opinion the single biggest issue for the council is the pension
deficit, both short and long term. This tax change, if true and realized,
could be attempt to address that issue.

If I recall correctly, Nirva Lafortune serves on the finance committee and
could perhaps provide some details.

On Mon, Jun 10, 2019 at 10:00 AM James Kelley <jameskelley4444 at gmail.com>
wrote:

> I think there is a fundamental misunderstanding here that California
> figured out and fixed. Rising property values don't mean that people's
> income or ability to pay taxes also increase.
>
> This is one reason why the people in our neighborhood may be more
> burdened. I'm going to guess that the increases in our property values and
> therefore our taxes have risen faster than our incomes (on average). This
> year, property values are increasing in other parts of the city which is
> terrific. This should allow equity and fairness to resume.
>
> The single most important task, IMO, that our City Council faces in the
> fairly near future is to keep Providence readily affordable for all
> citizens, equitably. This does not mean that people in our middle class
> neighborhood many with fixed incomes can support everybody more than we
> already have. I agree with the ward 1 and 2 councilors that John Igliozzi's
> proposal is unfair to us.
>
>
>
>
>
> On Mon, Jun 10, 2019, 12:24 PM Robert Mathiesen <rmath13 at gmail.com> wrote:
>
>> I strongly agree with Nirva on this one, if she actually is for it.
>> (We'll see where she stands when she votes.)
>>
>> The single most important task, IMO, that our City Council faces in the
>> fairly near future is to keep Providence readily affordable for the poorest
>> residents to continue living in it.  This means forcing the upward rise in
>> property values to stop cold in its tracks, no matter whom it screws over
>> and what it costs the rest of us.
>>
>> A rising tide may lift all boats, but it drowns everyone who has no
>> boats--and by far the majority of people on this planet, and a substantial
>> part of the citizens in Providence, have no boats.  They don't even have
>> life-vests.
>>
>> Bob M
>>
>> On Mon, Jun 10, 2019 at 11:11 AM Christopher Buecheler <
>> cwbuecheler at gmail.com> wrote:
>>
>>> "We already share a huge portion of the tax burden and get mediocre
>>> services in return"
>>>
>>> So, I'll buy the mediocre services part, given that I've been asking for
>>> sidewalk repairs for six years and still haven't seen any ... but do we
>>> have any evidence that the east side bears proportionally more of the tax
>>> burden than anywhere else? I mean, I'm sure people in Blackstone pay more
>>> in *total *than a lot of other neighborhoods, because many of them own
>>> $1.5+ million homes, but simply paying more on larger and more extravagant
>>> properties is not really sharing a larger portion of the tax burden than
>>> those who pay less on smaller properties.
>>>
>>> Are there data that suggest that the east side bears an undue tax burden
>>> in comparison to other parts of the city?
>>>
>>> -Chris
>>>
>>>
>>>
>>> On Mon, Jun 10, 2019 at 10:37 AM Michael McGlynn <mmcglynn at gmail.com>
>>> wrote:
>>>
>>>> In case you haven’t seen this.
>>>>
>>>> ---------- Forwarded message ---------
>>>> From: Cheryl Simmons <cherylsimmons414.aol.com at mail.mailchimpapp.com>
>>>> Date: Sun, Jun 9, 2019 at 7:34 PM
>>>> Subject: Urgent: Immediate threat to East Side property taxes and home
>>>> values
>>>> To: <mmcglynn at gmail.com>
>>>>
>>>>
>>>> *Resident alert regarding serious issue which could impact East Side
>>>> property taxes and home values:*
>>>>
>>>> We have learned that Councilman John Igliozzi (Chair of the Finance
>>>> Committee from Silver Lake) is working on a dramatic change to property
>>>> taxes to slip into the budget at the list minute that will have a
>>>> *major* impact on East Side property taxes.
>>>>
>>>> You may have read that properties values in the recent revaluation
>>>> increased more dramatically (by percentage) in places other than the East
>>>> Side. As a result of the 4% overall property tax cap, property taxes are
>>>> going up elsewhere in the city faster than the East Side this year.
>>>>
>>>> In an attempt to cut taxes for their constituents and to stick it to
>>>> the East Side, there is a move to go back to the old system of one rate and
>>>> a homestead exemption. However, they are planning on phasing out the
>>>> homestead exemption based on a houses value. While the details are still
>>>> secret, this is how we hear it will work:
>>>>
>>>> The current *proposed* owner-occupied rate is $15.35. Under this new
>>>> plan, the rate would be something like $30.70, but owner occupants would
>>>> get a 50% discount (aka homestead exemption). However, they are now
>>>> proposing to make that exemption variable based on house value, so, for
>>>> example, the exemption could work like this:
>>>>
>>>> House Value                       Exemption
>>>>
>>>> $0 – 250,000                       50%
>>>>
>>>> $250,000 – 500,000         40%
>>>>
>>>> $500,000 – 750,000         30%
>>>>
>>>> 750,000 – 1,000,000        20%
>>>>
>>>> $1,000,000 +                      10%
>>>>
>>>> The City law department is supposedly researching this but can’t say
>>>> that it's illegal. The Mayor is apparently undecided on whether he supports
>>>> the plan or not. Council President Sabina Matos is apparently going along
>>>> with it.  Our East Side council people know. Helen Anthony and Seth Yurdin
>>>> are opposed. Nirva LaFortune is said to be for it.
>>>>
>>>> We need to activate the East Side immediately. The budget must be
>>>> approved by July 1, but could be passed anytime.
>>>>
>>>> *We need all our neighbors to call the folks below and let their voices
>>>> be heard. Enough is enough. We already share a huge portion of the tax
>>>> burden and get mediocre services in return. Were this to pass we would see
>>>> an immediate negative impact on our property values.*
>>>>
>>>> Mayor Elorza’s Office – 401-421-2489
>>>>
>>>> City Council’s Office – 401-521-7477
>>>>
>>>> Council President Sabina Matos (Olneyville, Silver Lake, Valley) –
>>>> 401-400-1315
>>>>
>>>> Councilman Seth Yurdin (Fox Point) – 401-484-7207
>>>>
>>>> Councilwoman Helen Anthony (College Hill, Blackstone, Wayland) – does
>>>> not publish her phone, but email is helen at helenanthony.com
>>>>
>>>> Councilwoman Nirva LaFortune (Blackstone, Summit, Mount Hope) –
>>>> 401-680-0252
>>>>
>>>>
>>>>
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>>>>
>>>>
>>>> --
>>>> Thank You,
>>>> Michael McGlynn
>>>> _______________________________________________
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>>>>
>>>
>>>
>>> --
>>> Christopher Buecheler - @cwbuecheler <https://twitter.com/cwbuecheler>
>>> http://cwbuecheler.com | Web, Writing, Cocktails and More
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>>>
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>>
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>
-- 
Thank You,
Michael McGlynn
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