They lowered the property tax rate to pass an increase in sales tax. Of course they are going to jack up your valuation. Was a great slight of hand trick to increase taxes on everyone....
Housing market
- Thread starter simply1
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They lowered the property tax rate to pass an increase in sales tax. Of course they are going to jack up your valuation. Was a great slight of hand trick to increase taxes on everyone....
Yeah did the same. Nagged my coworker until he did it too and he’s been super grateful as of late. Makes me chuckle a bit.
Those that ignore the rising input costs will fail to realize their net income is lower than they thought even though gross income remains high, until it is too late. Then will come the reality of high input costs and lower commodity prices leading to negative income. And payment due on the financed machinery purchases that have already been used for tax deduction. Happens every time. Deja Vu.
Loan to value is very low. Line of credits are basically non existent for a large amount. Loan volumes are dropping. Yields are increasing and offsetting rising costs. Land and equipment loans were locked in at 2-4% rates now. We are nowhere near the 80s or even the late 90s.
Have a cousin who locked in a great rate and his wife flipped him **** about doing the refi
I told him that his wife will be thanking him someday. Had no idea it would be this soon. We're on a ride
Local Option Sales Tax increase was a county by county decision
Dallas County counts cost of local sales tax increase
Dallas County voters are looking at increasing their sales tax.
www.kcci.com
We refinanced just under 2 yrs ago to go from 3.5% 30 to 2.5% 15....used to pay extra on the mortgage 1x yr or so.....not anymore! Feel really good about that.
You had just said sales tax, didn’t know you meant LOST, yes, that would be county wise.Local Option Sales Tax increase was a county by county decision
Dallas County counts cost of local sales tax increase
Dallas County voters are looking at increasing their sales tax.
Sales of existing homes fell in May, and more declines are expected
Sales of existing homes in May fell 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors.
www.cnbc.com
This reading is based on closings during the month, therefore representing contracts likely signed in March and April. During that time the average rate on the 30-year fixed mortgage rose from right around 4% to 5.5%. It is currently right around 6%, according to Mortgage News Daily. Rising rates, along with rapid home price appreciation and continued low supply, have given affordability a triple punch.
“I do anticipate a further decline in home sales,” said Lawrence Yun, chief economist at the National Association of Realtors. “The impact of higher mortgage rates are not yet fully reflected in the data.”
- Jun 20, 2006
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Local Option Sales Tax increase was a county by county decision
Dallas County counts cost of local sales tax increase
Dallas County voters are looking at increasing their sales tax.
Best of luck to the sucker in that article that thought he could dodge a couple bucks in tax by shopping the Valley West Younkers.
It would be super cool if the counties and states and every other goddam government agency that wets their beak with property tax cash could cut our rate a little.
Who needs a budget when taxes are calculated using property values in an inflationary environment?
Please, Illinois, bend me over some more. The 5 months of average weather is well worth it.
Homebuilder sentiment plunges in July as buyers pull back
Homebuilder sentiment fell dramatically in July, as both builders and buyers contend with sky-high inflation.
www.cnbc.com
Crazy dynamics
- Jun 20, 2006
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Crazy the amount of people who work in new mortgages, realtors, and homebuilders/construction. As hot as Central Iowa has been since the early 2000s, save for the 2008 blip, its well past due for a swing in the other direction. The lack workforce will eventually take care of itself.
Des Moines is a massive mortgage hub, mostly due to being Wells Fargo's home base. There are easily 500+ active mortgage lenders in Des Moines when combining local institutions with various consumer direct platforms that have teams here.
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