Conflict-of-Interest?
Does this situation seem like a Tax Assessor Conflict-Of-Interest to you? We pay the Board members (Realtors) to work in a government setting where they are in charge of setting the values and making the rules for taxes on the real estate that they can sell. The Board Members of the Spokane Tax Assessors Office are Realtors & Realty Brokers except for one who is a Lawyer specializing in Real Estate Law. I did not make this up! It is information buried in the Washington, Spokane County website (see links below). You just have to be willing to go on a search and rescue mission to locate it.
How Much Money?
Let’s see, 6% of $250k equals a commission of $15k in commission,
but that same 6% on a $450k valued home sale comes to $27k in commission,
and that same 6% on a $650k valued home sale comes to $39k in commission.
With property values escalating so quickly, many may be unable to cover the increased cost of taxes. It is likely that they will lose their homes. A forced sale of your home to cover taxes is not a happy event in anyone’s life. Then, having to move somewhere else in this “housing-shortage” market, is a sentence to start over in a rental for most displaced homeowners. Taxpayer resentment after losing all those years of work to have their own home is not easily forgotten.
A tyrannical government sets paths to focus on low-income, fixed-income, and/or the elderly. Taxpayers’ non-involvement could very likely allow more to fall prey to this crooked setup. Losing a home at any stage of life due to out-of-control government greed is an atrocity. Wake up and smell the coffee.