How property assessment and taxation works

  Рет қаралды 57,822

cityofkitchener

cityofkitchener

Күн бұрын

Пікірлер: 40
@kia8077
@kia8077 7 ай бұрын
I clicked on 3 bullshit videos on this topic before I got to this one and it was exactly what I was looking for. Thank you!
@jgarrison1309
@jgarrison1309 7 ай бұрын
This is one of the best property tax videos out there. Please, never take this down. All that is missing is a sidebar segment on how those small decimals can be converted to millage rates. I use this lesson all the time in one of my math classes. Thank you for explaining how it works with multiple examples. BRAVO!
@lilshonnie17
@lilshonnie17 5 жыл бұрын
This helped me soo much I was reading and freaking out for like 2 hours not fully understanding what people who write some articles say. Thank you
@estegueydijo....
@estegueydijo.... 4 жыл бұрын
They increase my taxes every year but that pothole and street light still the same since 5 years ago. But yet when a pothole appears on a suburb street they upgrade the whole block with new asphalt.
@dakotagarcia3772
@dakotagarcia3772 2 жыл бұрын
Gotta vote and raise awareness to educate your neighbors so they vote also
@jimross2101
@jimross2101 5 жыл бұрын
You completely and totally ignore the fact that municipalities artificially increase property values to pay for additional bloated services, unecessary upgrades, projects and wage increases by assessing properties higher every chance they get.
@kg-fw1rx
@kg-fw1rx 2 жыл бұрын
you are correct. This video is like blowing sunshine you know where. I can guarantee many will fall over when their new tax bills come in in this ridiculous market. All because real estate agents have overinflated pricing to line their pockets.
@h.d.4941
@h.d.4941 Жыл бұрын
Contracted out Civil Engineers are VASTLY over-compensated.@@kg-fw1rx
@ak3ldama
@ak3ldama 2 ай бұрын
And how many very nice properties have their tax assessed value way lower than it should be at. Tax the poor and help the rich in America.
@elizabethchwakanowski5067
@elizabethchwakanowski5067 3 жыл бұрын
Ok but you dont explain how the house is valued at 200K, 250K or 350K
@I_AmCarlyn
@I_AmCarlyn 5 жыл бұрын
Great explanation- thank you! Please make more videos like this
@matbsaccounting1056
@matbsaccounting1056 5 жыл бұрын
Excellent! I appreciate your tip on how property Assessment and taxation work. hence join us at real estate division UBC....... in canada .. kiir Awal Koroyom
@timt5593
@timt5593 5 жыл бұрын
Excuse me Sir, I have a question, What is $1,200? Could you explain me. Thanks a lot
@realestateresources2165
@realestateresources2165 Жыл бұрын
Thanks for this, I am interested in how property taxes work in different countries
@ramakrishnainjapuri
@ramakrishnainjapuri 2 жыл бұрын
is this video is regarding USA taxation? sir
@saltyshoesandsunsets156
@saltyshoesandsunsets156 2 жыл бұрын
Start with the definitions for that title. The definition for person is a corporation, trust, association, et.al. In order for a property in any of the 50 states to be taxable, it has to have a situs (place of a crime or business) attached to it, in other words it has to be producing a profit. Through a return required by the Florida Department of Revenue for businesses, that is then sent to the property appraiser to notify of a privilege being conducted in the state. The homestead exemption is an application to exclude your “place of shelter” and exempt it from the portion of your property that is exercising a privilege, to operate in commerce in the state. Regardless of what the PA classifies your home as, it is not taxable and it is the intent of the Florida Legislature to be in compliance with the Constitution of the United States. Taxes are handled at the local level. It is the intent of the Florida Legislature to be in compliance with the US Constitution. Go ask your PA to show you what statute shows you are a taxpayer and the proof they have that shows you are operating in commerce. Bet they send you to talk to the county attorney.
@heathererickson6216
@heathererickson6216 5 жыл бұрын
First, it is unconstitutional to lay an indirect tax without apportionment. Second, tax assessors are laying and collecting tax outside their jurisdiction. Third, home goods and personal effects are non taxable. You must be operating a business or Corp or some taxable PRIVLEDGE to be taxed on your private property. Fourth, property tax is organized crime , extortion, treason, etc. They have illegally converted your title to say “real property” in order to extort and steal from you. The only taxable property is real property. Otherwise you are entitled to life, liberty, happiness, and THE RIGHT TO OWN LAND. YOU ALL NEED TO SUE FOR ALL THE BACK PROPERTY TAXES STOLEN UNDER CONSTRUCTED FRAUD, FRAUD, FRAUD!!!
@theconsciousobserver6829
@theconsciousobserver6829 5 жыл бұрын
Sue for alleged misuse of taxes? Explain
@colleenkochman9656
@colleenkochman9656 3 жыл бұрын
financial reverse engineering. the powers that be in whichever municipality determine how much they want to collect in taxes. they next determine what value they will place on each property that value being proportional to but not directly related to the real selling price of the home. by increasing the assessment rate, they can post their tax rate as lower as if they are collecting a pittance of the income from each property owner. bah
@goofybutserious4807
@goofybutserious4807 3 жыл бұрын
Wait what is Total Assessment again?
@anatomy-aid
@anatomy-aid 7 жыл бұрын
Very clear and helpful! Thank you!
@lindadonkersley4174
@lindadonkersley4174 4 жыл бұрын
What if I have some oil rights
@king_rahmatkhan3259
@king_rahmatkhan3259 4 ай бұрын
you're gonna be introduced to what is called DEMOCRACY
@karanamsatyasimha
@karanamsatyasimha 4 жыл бұрын
nice explanation ......
@Cristinaviruega
@Cristinaviruega 3 жыл бұрын
Good video! Thx!
@anyelinaveloz7261
@anyelinaveloz7261 2 жыл бұрын
FAN-TAS-TIC!
@ankit0tikna
@ankit0tikna 4 жыл бұрын
Very good info
@king_rahmatkhan3259
@king_rahmatkhan3259 4 ай бұрын
as if income tax isn't enough already
@wildandliving
@wildandliving Жыл бұрын
So never upgrade your home and drive the taxs down... let's see bought a property in bc it's says assment 249k.... asking 149k... paid 120k... so in 2019 it was 94k in 2021 jumped 169 then 2022 249... then sold in 2023 for 120.... somethings very fishy
@saltyshoesandsunsets156
@saltyshoesandsunsets156 2 жыл бұрын
I’m so sorry to interrupt, but that is false information. If you own a home on private property in the state of Florida and that private personal property is in NO WAY ASSOCITATED WITH AN ACT OF COMMERCE or profit producing activity….there is no tax due at all! Your shelter is not taxable. The exemption you are applying for it to separate your homestead from the peroration of your property that is operating in commerce. Start researching! Ask them to show what proof they have that a business is being operating on your property! All 50 states….your home is exempt from taxes!
@iamonlyimportant582
@iamonlyimportant582 4 жыл бұрын
Super clear fucking beautiful
@pithiassilva7455
@pithiassilva7455 3 жыл бұрын
All I heard were scribbles
@Gmac_Greg_M
@Gmac_Greg_M 9 ай бұрын
Property taxes are illegal under the 16th amendment. It only gives Congress the right to tax and only on income, not on a property you are living in.
@jacobmarley2417
@jacobmarley2417 8 ай бұрын
lol good luck with that. You need to read the 16th amendment again because it says nothing of the sort, Stop watching youtube revolutionist videos and think for yourself.
@Gmac_Greg_M
@Gmac_Greg_M 8 ай бұрын
@@jacobmarley2417 I’ve read it several times. “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.” It specifically says it can tax incomes. Living in your home is not income….
@peterrodriguez3754
@peterrodriguez3754 7 ай бұрын
I appreciate the free knowledge but next time dont put the sound of writing on board 🥹 my ears rip
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