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Call it like I see it 
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Recent Comments

Re: “Another opinion on city property tax election

Admittedly, every tax could be made more progressive. However, a graduated income tax that provides for a low capital gains tax rate that allows Mr. Romney to pay only 13% isn't all that progressive. Or allows Warren Buffett to pay a lower interest rate than his secretary isn't all that progressive.

The sizeable homestead tax credit substantially helps make our property tax more progressive. Perhaps we should look at removing the 5% increase cap. Perhaps we should look at removing the homestead tax credit on properties that exceed a certain value, say half a million.

I think we should have progressive taxes. Those that can should pay more.

2 likes, 1 dislike
Posted by Call it like I see it on 09/03/2012 at 12:12 PM

Re: “Another opinion on city property tax election

To qualify a comment I made earlier, the $24,822 is based on taxes in Little Rock in the Little Rock School District where the tax rate is effectively 1.41% of the value. In other parts of the state, where taxes are lower, the number (value of the one's home exempt from property tax) is much higher.

Posted by Call it like I see it on 09/03/2012 at 8:12 AM

Re: “Another opinion on city property tax election

Max said, "A flat millage tax is NOT a progressive tax. It disproportionately burdens the poor owners of property who pay a larger share of their available income on property taxes." First, we do not have a flat millage tax in Arkansas. With a homestead tax credit of $350, the impact is the first $24,822 of a personal residence's value is exempt from taxation. Second, if you're over 65, then your tax is frozen until you die or sell your home. Third, the tax you pay on a personal residence may not increase by more 5% in any given year even if the value increases.

For instance, Max lives in a house that the Pulaski County Assessor values at $452,300. However, he only pays taxes on it as if it were worth $281,385. After taking in the $350 tax credit, his taxes are only $3,617.53. Perhaps we should remove the $350 tax credit for any homes over $250,000; that would make it even more progressive.

The property tax in Arkansas is the most progressive tax we have on the books. Please, if there is a more progressive tax, then please list it and explain how it is more progressive.

3 likes, 4 dislikes
Posted by Call it like I see it on 09/03/2012 at 8:09 AM

Re: “Monday night line

Citizen1:

I agree with your sentiment. I think each owner should be able to state what price he or she is willing to sell at. If those prices are fair, then the Tech Park Authority should pay that price. Make is all public and allow public comment before the Tech Park pays that amount. However, if someone demands $200,000 for their 1000 SF 2 bedroom that they bought for $23,000 a couple of years ago, then that is patently unreasonable. To protect the taxpayers, the Tech Park needs the eminent domain authority to force 12 members of jury of the owner's peers to decide what is a fair price. Nonetheless, I wager that there would be no more than 3 or 4 who would demand such a ridiculous price.

1 like, 1 dislike
Posted by Call it like I see it on 06/26/2012 at 9:36 AM

Re: “Police circulate photo of La Quinta robbery

Just another example of the problems facing the neighbors South of I-630. If the Tech Park is built over there, then some of this will be diminished. It will slow even more when the Police Substation is open on 12th Street and Pine and Cedar.

6 likes, 3 dislikes
Posted by Call it like I see it on 06/26/2012 at 9:22 AM

Re: “Monday night line

The primary concern of most neighbors is will they be paid a fair price for their home. Ask anyone who has a "Not For Sale" sign if they would refuse to sell for $60,000...roughly twice what the homes are worth and you will see a different story

11 likes, 3 dislikes
Posted by Call it like I see it on 06/25/2012 at 4:51 PM

Re: “If I had a hammer, I'd hammer the Tech Park Authority

The Tech Park is the best thing to benefit the Forest Hills site in ages. Think about how different the neighborhood will be with a new children's library and the tech park neighbor. Fewer boarded up houses...there are 11 in the proposed sight. Fewer weedlots...there are 8 in the proposed sight. Boarded up houses and weedlots represent more than 10% of the neighborhood. Then, there is approximately 100 rental properties in the proposed site. Many of those rentals are very poorly maintained. For the 40 or so owner occupied homes, this is a great opportunity to be offered a pile of cash to move our families out of this crime infested area. Yes, there are bullet holes in the door to the house a block away; if you don't believe me...drive to 916 Washington and look at the front door. Please help this neighborhood by bringing the Tech Park here.

3 likes, 9 dislikes
Posted by Call it like I see it on 06/21/2012 at 2:25 PM

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