It’s not like the apartment owner would pay property tax or anything.

;)

I always chuckles when someone thinks apartment dwellers don't pay property tax. They may not write the check to the county directly but they do write it 12 times a year to their landlord. Anyone that thinks that renters don't contribute to property taxes is naive.

My goodness, really. What does he think is in the rent people pay? Everyone who lives anywhere pays property taxes, either directly or indirectly.

You realize what property taxes are right? You have to own the property to pay personally those taxes and also can be deducted in many cases off of other state or Federal taxes based on the usage of that property. Not the case when you rent, at least not in Illinois. It was not a deduction or part of the overall tax bill when I lived in an apartment.

Peace

It's a lot simpler to properly administer closely guarded plays than it is to administer a shot clock. I hope that is not to supposed to a major talking point in regards to the need for a shot clock.

Additionally, there are a lot more people per square foot in an apartment complex as opposed single family dwellings. So depending how the property taxes are calculated and the value of the land and structure, there is not a one-for-one trade off between apartment buildings and single family dwellings.

I agree--that was my point. I was responding to ilyazhito's comment, which I quoted, which implied shot clocks would be easier.

I wanted to pile on the property tax discussion, but several posters beat me to the punch. Of course property taxes are passed off to renters in some form or another.

MPA Univ of Oklahoma ‘10

I think this thread has run its course, no?


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But the bottom line of all of this, you do not pay directly property taxes when you rent. You are not the owner of the property so you do not get that counted towards your overall tax bill. And it is state and jurisdiction run in Illinois, not from the Federal Government.

I cannot even believe this is a discussion. I referenced Naperville where I used to live and many people had 5 figure property tax bills and I can tell you I never had that when I lived there for my 2 years.

Peace

Jeff got it sorted out for us.

I'm kinda slow so I'm going to make sure I'm understanding all you smug tax experts correctly.

Over here we have a cul-de-sac (call it YourHood) which houses ten $1M homes and 20 public school students who attend the Bluebood school district. One mile away on the other side of the railroad tracks there is a run-down apartment building (MyHood) which has 20 units and 40 public school students who attend the Blue Collar school district. Soooo, the same amount of property taxes are being collected from MyHood as are being collected from YourHood? Really?

There are heckuva lot of people in this country that, indeed, say this is the way it works.

We went from closely guarded to taxes, lol.

Certainly not the same amount of money but everyone that is paying anything for just about anything is paying some amount that goes to property taxes. It is built into the price. Being hidden in the price is a clever way to keep people form realizing how much tax is really paid.

Five Seconds Closely Guarded!!
 

How did this thread go from the Closely Guarded Rule to property taxes?

Please lets get this thread back on the tracks.

MTD, Sr.