Monday, March 02, 2009

D.C. Property Taxes 10% on Some Properties:Takings Level without Compensation

The Washington Times reports on large scale theft:
Thousands of tax bills will arrive in the mailboxes of D.C. property owners this week, and some taxpayers no doubt will recoil from the large increases staring them in the face.

The D.C. government doubled the annual property tax rate from 5 percent to 10 percent for unoccupied residential buildings and vacant lots known as "Class 3" properties. The new tax rate will be reflected on the bills, which cover the period from October 2008 through March 2009.
To put things in perspective:
The new tax rate "strikes me as an end run around eminent domain and a grab for tax revenue," said Tad DeHaven, a budget analyst at the Cato Institute, a Washington think tank. "This isn't the message you want to send to potential investors in D.C.," he said. "It sets a bad precedent for a city that desperately needs business investment."
There's no limit on government,what better proof than this.