News
Kinskey Not Favoring Acquisition-Based Property Tax
Published
1 year agoon
By
Aaron Palmer
In his second weekly discussion with Sheridan Media, State Senator Dave Kinskey (R-Sheridan, Johnson Counties) talked about property tax reform.
He said he has a favored way to bring down property taxes, but is concerned about other ideas that have been brought to lawmakers for debate.
One is an acquisition-based property tax, and he explained how that would work.
He said there is a good chance that acquisition-based property taxes could become problematic as it has in other states that have implemented it.
According to Kinskey, currently, Wyoming’s property taxes are based on a 1990’s Constitutional Amendment that says all property must be assessed at its fair market value, which makes sense until values skyrocket, causing significant increases in homeowners’ property taxes.
kit henderson
January 19, 2023 at 6:05 pm
How do you expect fixed income elderly people to maintain here? You are forcing them out of their homes with your inflated “fair market value” tax evaluation. I voted against Western on account of his opposition. Wish I could vote against you! Another politician generating un-earned income at the expense of tax payers.
Ezra Petersen
January 20, 2023 at 5:10 pm
Should’ve saved better for retirement. You can’t tax stuff at a valuation from the 1970’s when those taxes are going to fund services at a 2023 value . A snow plow costs 200k not 15k now. Real estate is an asset. It’s not a liability you act like it’s dangerous to you that something you possess has increased in value.
Linda Prill
January 20, 2023 at 1:35 am
PLEASE, SENATOR KINSEY, CONTINUE TO HELP SO MANY WITH OUT-LANDISH PROPERTY TAX BILLS! I KNOW I’LL BE LOSING MY HOME. I’82, HOME-BOUND,BAD HEALTH AND I KNOW I’M NOT ALONE WITH THIS PROBLEM…….THAT COULD BE FIXED! AGAIN….DON’T GIVE UP PLEASE!
Mike schmitz
January 20, 2023 at 1:03 pm
Assess the valued real estate tax rate on the new buyer. I could not afford to buy my place now because of the insane increased value. But the new buyer , who can afford to pay the current value, is able to pay the new tax assessment. I will be taxed out of my home soon. A horrible possibility!
Bill Workman
January 22, 2023 at 11:04 am
Does changing (lowering) the tax RATE require a constitutional amendment?
mark steingass
January 23, 2023 at 8:04 am
not everyone needs tax relief…some are simply able to shoulder the tax burden…for those who are not their own personal circumstances could be considered then given tax relief…one equation does not fit all situations…however, potentially a new type of “tax matric system” based upon income and other “factors” might be devised to allow relief to those in such need and mitigate their tax burden
mark steingass
January 27, 2023 at 3:32 pm
not everyone needs tax relief…some are simply able to pay (some taxpayers quite easily) the tax burden…for those who are not and are enduring “hardship” because of their own personal circumstances this could be considered then given tax relief in the form of a “tax credit” or a direct relief payment from the state…tax reform legislation is too complicated…however, potentially a new type of “tax relief system” based upon income and other relative “factors” of such hardship might be devised to allow relief to those in such need and could mitigate their tax burden