A Tax to Grind | A Blog to Enlighten and Entertain Those Afflicted with Property Tax

What was he drinking when he lost his property tax exemption?

Topic: A Tax to Grind, A Tax to Grind

Thursday, 28 May 2015 by David H. LeVan

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Property Tax

You tell your kids to make good choices when they are away at college. But who tells the university president to make good choices? Well, somebody should have mentioned that to the President of Quinnipiac University before he headed to an off-campus party. He’s now got his first viral YouTube video, and might be losing the school’s property tax exemption on its off-campus housing properties.

“I didn’t even know this street existed. I’m going to have to buy all these houses” was one of the off-the-cuff comments made by the president. It elicited a huge round of cheers from the beer drinking crowd. Of course, in the heat of the moment he may have just forgotten that the university already owns 60 homes in the neighborhood. According to WTNH News 8 in Hartford, Connecticut, the expansion of off-campus housing has reduced the property tax base significantly (all the houses they purchase become tax exempt) and increased tensions with the community. The video didn’t help that situation.

As it turns out, the school and neighborhood fall within the district of a very powerful state representative, who happens to also be Speaker of the House. And, he’s introduced a new bill that would require Quinnipiac University to pay property taxes on their off-campus housing. The President of the state Senate, who also happens to represent the district, is supporting the bill which means it’s likely to pass. Should make for an interesting discussion at the next board of trustees meeting.

Quinnipiac University

 

It’s About Property Tax and Much More

Topic: A Tax to Grind, A Tax to Grind

Thursday, 21 May 2015 by Advantax

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I recently had the opportunity to sit down with a local TV station in Naperville and talk a little about Advantax, who we are and what we do. Here is the interview with NCTV17 during the “Business Connection” segment.

You and your property taxes might freeze in Illinois

Topic: A Tax to Grind, A Tax to Grind

Thursday, 14 May 2015 by David H. LeVan

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Spring is in the air and I’ve almost forgot about winter, “almost” being the operative word. Living in the greater Chicago area I’ve tried to get used to freezing in the winter. Freezing is not my favorite winter activity. And, some winters are worse than others. This past February, for instance, we tied the 140 year old record (set previously in 1875) for the coldest February ever. Instead of the normal, balmy average temperature of 27.7 degrees, we averaged a mere 14.6 degrees. The moral of the story is if you are going to live in Chicagoland in February, you will probably feel the freeze.

The new governor of Illinois, Bruce Rauner, is attempting to spread that freeze to property taxes in Illinois. In fact, he’s putting the freeze on 17 suburban Democrats to pressure them into supporting the property tax freeze. According to Fox 32 News, the governor and his allies (including some national groups) are ready to spend tens of millions of dollars to push the property tax freeze. They plan to release ads asking voters to call their legislators to support the two-year property tax freeze so taxpayers can “keep more of your hard-earned money”.

Will the pressure work? Or will it strengthen the resolve of the 17 suburban legislators to ice the governor on his property tax freeze. As far as I’m concerned, if it’s between me and my property taxes, I’d rather see the property taxes freeze.

Frozen Property Taxes Advatntax