Feels like: 99°F
Tuesday, Aug. 30, 2016
Tax breaks: Are they fair?Posted Thursday, December 27, 2007, at 9:06 AM
Those of you eligible to vote who bothered to do so last year may remember a constitutional amendment on the ballot authorizing a property tax freeze for elderly homeowners.
"Just seven of Tennessee's 95 counties have enacted a property tax freeze for elderly homeowners that was authorized by voters last year," the Associated Press reports.
"If approved by local officials, the tax freeze applies to elderly homeowners who earn less than the average income of all residents between the ages of 65 and 74 in their county. If they qualify, they will be exempt from future tax increases on their property."
Should the elderly get a tax break here? I think they deserve some help after all they've contributed in many ways over the years. I can see, though, how others could disagree.
On a related note, incoming new industries and businesses have received tax breaks for years -- which continue for years after their arrival. I guess that helps attract them, but is that totally fair to existing residents, businesses and industries? It's been argued that those firms which get tax breaks attract new residents and businesses which do add to the tax coffers.
Showing comments in chronological order
[Show most recent comments first]
Respond to this blog
Posting a comment requires free registration:
David Melson is a copy editor and staff writer for the Times-Gazette.
Hot topicsPicturing the Past 171: Stewart-Potts showroom
(6 ~ 1:42 PM, Jun 21)
Picturing the Past 104: Cedar Grove School
Picturing the Past 110: Buggies hit the road
Picturing the past 205: Floods
Picturing the Past 36: Old Sonic, Burger Chef disappear