Wednesday, April 2, 2008

Pay taxes or move?

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Pay up or move (or sell or refinance?). I hope these are not the messages the county will send with the real property tax bills on our homes.

For those whose income does not increase more than the core rate of inflation, there should be more than a choice of pay up or move. Unlike the tax on income, the tax on real property is a non-cash asset that does not become cash until sale.

I urge the county to hold the tax rate to a level where the tax bill does not increase more than the core rate of inflation. There must be some expense in the budget that can be decreased, eliminated or postponed.

J.K. MacDonald, Chevy Chase