Property taxes going up? The 340B Program might be partly responsible
pricepoints.health
Property taxes going up? The 340B Program might be partly responsible
1–10 of 91 posts
Re: Property taxes going up? The 340B Program might be partly responsible
#2TL;DR taking properties off the tax roll costs the remaining taxpayers more. Pretty basic stuff. I've been talking this up to local electeds for decades, with very little progress. The only success I've had is ending the local program that makes "historic" properties tax exempt, but the huge whale exemptions for hospitals and whatnot remain.
Re: Property taxes going up? The 340B Program might be partly responsible
#3TL;DR taking properties off the tax roll costs the remaining taxpayers more. Pretty basic stuff. I've been talking this up to local electeds for decades, with very little progress. The only success I've had is ending the local program that makes "historic" properties tax exempt, but the huge whale exemptions for hospitals and whatnot remain.
Only if you keep the things those taxes were paying for. I have no public roads anywhere near me, ~no police, no fire service, no public utilities, basically no county services -- maybe it is not for everybody but once I experienced it I would never go back to having these public services. I basically pay a pittance for the local school and that is it. Once property taxes are eliminated the other voters can push to not have their taxes raised and just shitcan what property taxes were paying for.
Re: Property taxes going up? The 340B Program might be partly responsible
#4TL;DR taking properties off the tax roll costs the remaining taxpayers more. Pretty basic stuff. I've been talking this up to local electeds for decades, with very little progress. The only success I've had is ending the local program that makes "historic" properties tax exempt, but the huge whale exemptions for hospitals and whatnot remain.
Only if you keep the things those taxes were paying for. I have no public roads anywhere near me, ~no police, no fire service, no public utilities, basically no county services -- maybe it is not for everybody but once I experienced it I would never go back to having these public services. I basically pay a pittance for the local school and that is it. Once property taxes are eliminated the other voters can push to n…
You seem clearly aware that this is relevant to a small subset of the population.
Re: Property taxes going up? The 340B Program might be partly responsible
#5TL;DR taking properties off the tax roll costs the remaining taxpayers more. Pretty basic stuff. I've been talking this up to local electeds for decades, with very little progress. The only success I've had is ending the local program that makes "historic" properties tax exempt, but the huge whale exemptions for hospitals and whatnot remain.
Although they key thing here is that it's not just that effect, but emergent unintended consequences. In the article, it describes how non profit healthcare institutions have an incentive to buy for profit clinics, because (alongside the other incentives), when they do so, the real estate becomes tax exempt because now it's owned by a non profit, even if the work being performed stays the same.
Re: Property taxes going up? The 340B Program might be partly responsible
#6TL;DR taking properties off the tax roll costs the remaining taxpayers more. Pretty basic stuff. I've been talking this up to local electeds for decades, with very little progress. The only success I've had is ending the local program that makes "historic" properties tax exempt, but the huge whale exemptions for hospitals and whatnot remain.
Although they key thing here is that it's not just that effect, but emergent unintended consequences. In the article, it describes how non profit healthcare institutions have an incentive to buy for profit clinics, because (alongside the other incentives), when they do so, the real estate becomes tax exempt because now it's owned by a non profit, even if the work being performed stays the same.
That's not "unintended" that is the core of what they call the NPIC, the non-profit industrial complex. They do the same activity, with the same financial outcome, but they do it under a different corporate form and pay no taxes. The public does not benefit. Medical care is not the only player in this game. You also get it with "community land trusts" that take a property off the tax roll but don't lower rents.
Re: Property taxes going up? The 340B Program might be partly responsible
#7Earlier quoted context omitted.
Only if you keep the things those taxes were paying for. I have no public roads anywhere near me, ~no police, no fire service, no public utilities, basically no county services -- maybe it is not for everybody but once I experienced it I would never go back to having these public services. I basically pay a pittance for the local school and that is it. Once property taxes are eliminated the other voters can push to n…
You seem clearly aware that this is relevant to a small subset of the population.
Taxes going up for shittier and shittier return is unfortunately something we are seeing across the US. Regardless of ideological viewpoint, the relative advantages of just buying the services you need on your own rather than playing into a broken system will appeal to larger and larger subsets. I was in the majority "subset" until I was tired of being squeezed dry by a system that always squandered my tax money.
Maybe the government can be fixed, or even "must" be fixed for the sake of the poors that we always pretend we're thinking about (no doubt some are, but most are just using them as a prop for political persuasion), but in the meanwhile contingency plans must be made.
Re: Property taxes going up? The 340B Program might be partly responsible
#8TL;DR taking properties off the tax roll costs the remaining taxpayers more. Pretty basic stuff. I've been talking this up to local electeds for decades, with very little progress. The only success I've had is ending the local program that makes "historic" properties tax exempt, but the huge whale exemptions for hospitals and whatnot remain.
reducing or removing property taxes for legitimate historic properties seems like a good thing to me. I don't want every community to look like a slightly randomized version of every other community. Historic stuff is interesting. If we can encourage it to stay interesting and not get torn down to build a TGI fridays that sounds like a good thing to me. How much did your crusade to tax local historic structures save the average taxpayer? How many of those places will be lost?
Re: Property taxes going up? The 340B Program might be partly responsible
#9TL;DR taking properties off the tax roll costs the remaining taxpayers more. Pretty basic stuff. I've been talking this up to local electeds for decades, with very little progress. The only success I've had is ending the local program that makes "historic" properties tax exempt, but the huge whale exemptions for hospitals and whatnot remain.
Universities are just as bad or worse on this front. They will buy up properties with no plan simply because they have the cash to throw around and don't have to pay tax.
Re: Property taxes going up? The 340B Program might be partly responsible
#10Earlier quoted context omitted.
Only if you keep the things those taxes were paying for. I have no public roads anywhere near me, ~no police, no fire service, no public utilities, basically no county services -- maybe it is not for everybody but once I experienced it I would never go back to having these public services. I basically pay a pittance for the local school and that is it. Once property taxes are eliminated the other voters can push to n…
You seem clearly aware that this is relevant to a small subset of the population.
Property tax is an emerging issue. There are movement to end property taxes or limit them across the US.
There is some opposite momentum toward the land value tax, which is a good thing, but these are less visible and likely weaker than a tax revolt by landowners.
Eventually, if the current trend continue for property taxes, we will see a disruption in government funding for basic service, and the contraction of the economy through increased taxation of economic activity to compensate for lost revenue from property taxes. It will be a disaster.
This is the endgame of the expansion of land ownership in the post WW2 era. Exemption from property taxes worsen this crisis.