November 08, 2024
Letter

Taxing the poor?

Scenario: I own a $3 million house and the mil rate in my town is $20 per thousand. I now pay $60,000 a year in property taxes. When I retire my income drops to a mere $100,000 a year.

My property taxes under the new 6 percent cap are now $6,000.

Just who makes up the $54,000 difference?

I’m guessing it’s all the poor people that now pay about 3 percent of their income as property taxes.

They will see their taxes double.

Fred Eich

Orrington


Have feedback? Want to know more? Send us ideas for follow-up stories.

comments for this post are closed

You may also like