The Brexit, Property Taxes & Independence Day in New York
Friday, July 1, 2016
This July could be one of the most pivotal in many of our lives as several trends influence our property taxes and daily lives.
The British vote to separate from the EU has caused plenty of noise in the news, and has hit many people’s investment accounts and finances hard. The result of this could quite likely be even more international capital and buyers fleeing to the safety and attractiveness of New York real estate. That could be a great thing for mopping up the remains of the foreclosure crisis mess, and boosting investment performance and property values. In turn this activity could also significantly boost some local property tax bills.
Obama and the political leaders of Mexico and Canada have spoken out about their dislike of the Brexit concept. However, whomever wins the US presidential election in 2016 we will have a new national leader next July. Some candidates may be for reducing property taxes, others may be for elevating them.
It’s almost ironic the Brexit comes just as America is celebrating its own independence from taxation and foreign rule. Sadly, though we have fought to preserve our freedom for years, as a nation we appear to miserably have failed at winning the battle against high taxation. Look up your history and you are sure to find we now pay outrageously more taxes than at any time in our nation’s past. This is especially true in New York where you may work 5 to 6 months of the year just to pay your tax bills.
The worst part is that everyone knows our property tax system is broken, and that almost half of the bills sent out each year are overblown and incorrect. Fortunately we do have the freedom and right to push back against that. And it’s far easier than other ways we’ve had to defend our freedoms over the years. With the help of Property Tax Adjusters, Ltd. you can get your tax bill reduced, not pay more than your fair share this year, and defend your ability to keep your home and business property as incoming capital boosts surrounding values and taxes.
Will you exercise this freedom? Will you share it with others?