How do you make $300,000 in less than 30 days?

Tiger1 · **Posted:** Wed Dec 11, 2013 8:26 pm

TAX DETAILS
Gross Assessed Value of Land 15,600
Gross Assessed Value of Improvements 65,100
Total Deduction Amount 72,975
Tax Rate 4.1136
Gross Tax Liability 317.78
Minus Total Credit Amount (State, Local and Circuit Breaker) 0.00
Net Tax 317.78
FIRST INSTALLMENT (SPRING) SECOND INSTALLMENT (FALL)
Property Tax Amount 158.89 Property Tax Amount 158.89
Other Charges 0.00 Other Charges 0.00
Delinquent Tax 0.00 Delinquent Tax 0.00
Delinquent Penalty 0.00 Delinquent Penalty 0.00
Amount Paid 158.89 Amount Paid 158.89
Balance Due At Year End* 0.00 Balance Due At Year End* 0.00
[/color][/quote]

You are a liar, and a slanderer. My taxes were $1,058.06. I have a double lot.[/quote]
What's wrong Mary Ellen, can't you handle the truth? The taxes on your home are $317.78 a year. That comes out to $26.48 month. It was your choice to buy the vacant lot next to your home. However, that lot is a separate parcel from your home and the taxes are separate also.[/quote]

The empty lot was combined with my house and the lot my house sits on, in the beginning of this year. I have the papers to prove it. You are slandering and lying again. You had better check your records a little better before you post outdated information publicly on the net. I suggest you make a trip down to Crown Point and get the updated information, as the information posted on the Assessors site does have a disclaimer about the accuracy of the information posted.

My taxes were $1058.06 You cannot dispute this.

sparks · **Joined:** Tue Nov 14, 2006 4:17 pm **Posts:** 3800

Sparks wrote:

TAX DETAILS
Gross Assessed Value of Land 15,600
Gross Assessed Value of Improvements 65,100
Total Deduction Amount 72,975
Tax Rate 4.1136
Gross Tax Liability 317.78
Minus Total Credit Amount (State, Local and Circuit Breaker) 0.00
Net Tax 317.78
FIRST INSTALLMENT (SPRING) SECOND INSTALLMENT (FALL)
Property Tax Amount 158.89 Property Tax Amount 158.89
Other Charges 0.00 Other Charges 0.00
Delinquent Tax 0.00 Delinquent Tax 0.00
Delinquent Penalty 0.00 Delinquent Penalty 0.00
Amount Paid 158.89 Amount Paid 158.89
Balance Due At Year End* 0.00 Balance Due At Year End* 0.00
[/color]

Tiger1 wrote:

You are a liar, and a slanderer. My taxes were $1,058.06. I have a double lot.

Sparks wrote:

What's wrong Mary Ellen, can't you handle the truth? The taxes on your home are $317.78 a year. That comes out to $26.48 month. It was your choice to buy the vacant lot next to your home. However, that lot is a separate parcel from your home and the taxes are separate also.

Tiger1 wrote:

The empty lot was combined with my house and the lot my house sits on, in the beginning of this year. I have the papers to prove it. You are slandering and lying again. You had better check your records a little better before you post outdated information publicly on the net. I suggest you make a trip down to Crown Point and get the updated information, as the information posted on the Assessors site does have a disclaimer about the accuracy of the information posted.

My taxes were $1058.06 You cannot dispute this.

You are right, your combined taxes on the property where you live and the vacant lot next to you are $1058.06 for the 2012 tax year. However, you have been paying taxes on the vacant lot at the 3% tax rate since you bought it because of your own incompetence. The day you closed on the vacant lot, you could have taken your settlement statement to the Lake county assessor's office and filed a petition to combine the two lots. Then, the lot would have been taxed at the 1% homestead rate. You have been paying an extra $431/yr in taxes since 2010 because you aren't doing a good job of managing your financial affairs. Maybe you should send a little less time being an "activist" and a little more time learning how to manage your personal finances.

TABLE 1: SUMMARY OF YOUR TAXES
Assessed Value And Tax Summary 2012 Pay 2013
1a. Gross Assessed Value (AV) of homestead property (capped at 1%) 0
1b. Gross AV of residential property and farmland (capped at 2%) 0
1c. Gross AV of all other property, including personal property (capped at 3%) 15,600
2. Equals Total Gross Assessed Value of Property 15,600
2a. Minus Deductions (See Table 5 Below) - 0
3. Equals Subtotal of Net Assessed Value of Property 15,600
3a. Multiplied by Your Local Tax Rate 4.7460
4. Equals Gross Tax Liability (See Table 3 Below) 740.38
4a. Minus Local Property Tax Credits - 0.00
4b. Minus Savings Due to Property Tax Cap (See Table 2 Below) - 93.50
4c. Minus Savings Due to 65 Years & Older Cap - 0.00
5. Total Property Tax Liability 646.88
Please See Table 4 for a Summary of Other Charges to This Property
TABLE 2: PROPERTY TAX CAP INFORMATION
Property Tax Cap
(Equal to 1%, 2% or 3% of Line 2, Depending on Type of Property)1 468.00
Adjustment to Cap Due to Voter-Approved Projects And Charges2 178.88
Maximum Tax That May Be Imposed Under Cap 646.88
TABLE 3: GROSS PROPERTY TAX DISTRIBUTION AMOUNTS
Taxing Authority 2012 Pay 2013
County 94.99
Township 11.84
School District 255.76
City 294.64
Library 36.77
Tax Increment 0.00
Special District 46.38
Total 740.38
TABLE 4: OTHER APPLICABLE CHARGES TABLE 5: APPLICABLE DEDUCTIONS
Levying Authority 2012 Pay 2013 Type of Deduction 2012 Pay 2013
Blind/Disabled 0
Geothermal 0
Homestead/Standard 0
Mortgage 0
Over 65 0
Veterans 0
Abatement 0
Enterprise Zone 0
Investment 0
Supplemental Standard 0
Other 0
TOTAL OTHER CHARGES 0.00 TOTAL DEDUCTIONS 0
1. The property tax cap is calculated separately for each class of property owned by the taxpayer. It is possible, therefore, that you may receive credit for the tax cap on line 4c even if your net property tax bill is lower than this amount.
2. Charges not subject to the property tax cap include property tax levies approved by voters through referendum. In Lake County and St. Joseph County, this line also reflects debt obligations incurred prior to the creating of the property tax caps. When added to the base property tax cap amount for your property, this creates the effective tax cap rate.
3. If any circumstance has changed that would make you ineligible for a deduction that you have been granted per Table 5 of this tax bill, you must notify the county auditor. If such a change in circumstances has occurred and you have notified the county auditor the deduction will be disallowed and you will be liable for taxes and penalties on the amount deducted.
FIRST INSTALLMENT (SPRING) SECOND INSTALLMENT (FALL)
Delinquent After Friday, May 10, 2013 Delinquent After Tuesday, November 12, 2013
Current Property Tax 323.44 Current Property Tax 323.44
Other Charges (See Table 4) 0.00 Other Charges (See Table 4) 0.00
Delinquent Tax 0.00 Delinquent Tax 0.00
Delinquent Penalty 0.00 Delinquent Penalty 0.00
LESS PREPAYMENTS -323.44 LESS PREPAYMENTS -323.44
Amount Due for SPRING 0.00 Amount Due for FALL 0.00

LaughingAtLakeCo · **Joined:** Tue Oct 07, 2008 1:22 pm **Posts:** 1435

That's an odd perspective from a guy who never met a tax he didn't like--at least when someone else is paying it.

I mean, after all, local governments are being starved. Police and fire services are being cut. The WDEM-1230AM crowd and vocal Lake County Democratic Party supporters (one in the same, really) are tormented by under-taxation. Underpaid employees at the county complex are threatening to....well, they really can't do much as their skill sets, such as they are, are useless in the private sector. Why don't all NWI public employees waive their homestead exemptions?

C'mon, Lake County teachers, municipal workers, elected officials, Rich James, Doug Ross, and Hammond firemen--step up!

xmpt · **Joined:** Tue Nov 21, 2006 7:29 am **Posts:** 989

Yeah! Lets all move to Porter County where everyone is rich and nice and ethical. Except those that are cooking meth or involved in child porn.

LaughingAtLakeCo · **Joined:** Tue Oct 07, 2008 1:22 pm **Posts:** 1435

xmpt wrote:

Yeah! Lets all move to Porter County where everyone is rich and nice and ethical. Except those that are cooking meth or involved in child porn.

Why do that when you can stay in Lake County and get all of the above PLUS over sixty years of Democratic waste, inefficiency, theft, and corruption?

Tiger1 · **Posted:** Fri Dec 13, 2013 12:43 pm

sparks wrote:

Sparks wrote:

TAX DETAILS
Gross Assessed Value of Land 15,600
Gross Assessed Value of Improvements 65,100
Total Deduction Amount 72,975
Tax Rate 4.1136
Gross Tax Liability 317.78
Minus Total Credit Amount (State, Local and Circuit Breaker) 0.00
Net Tax 317.78
FIRST INSTALLMENT (SPRING) SECOND INSTALLMENT (FALL)
Property Tax Amount 158.89 Property Tax Amount 158.89
Other Charges 0.00 Other Charges 0.00
Delinquent Tax 0.00 Delinquent Tax 0.00
Delinquent Penalty 0.00 Delinquent Penalty 0.00
Amount Paid 158.89 Amount Paid 158.89
Balance Due At Year End* 0.00 Balance Due At Year End* 0.00
[/color]

Tiger1 wrote:

You are a liar, and a slanderer. My taxes were $1,058.06. I have a double lot.

Sparks wrote:

What's wrong Mary Ellen, can't you handle the truth? The taxes on your home are $317.78 a year. That comes out to $26.48 month. It was your choice to buy the vacant lot next to your home. However, that lot is a separate parcel from your home and the taxes are separate also.

Tiger1 wrote:

The empty lot was combined with my house and the lot my house sits on, in the beginning of this year. I have the papers to prove it. You are slandering and lying again. You had better check your records a little better before you post outdated information publicly on the net. I suggest you make a trip down to Crown Point and get the updated information, as the information posted on the Assessors site does have a disclaimer about the accuracy of the information posted.

My taxes were $1058.06 You cannot dispute this.

You are right, your combined taxes on the property where you live and the vacant lot next to you are $1058.06 for the 2012 tax year. However, you have been paying taxes on the vacant lot at the 3% tax rate since you bought it because of your own incompetence. The day you closed on the vacant lot, you could have taken your settlement statement to the Lake county assessor's office and filed a petition to combine the two lots. Then, the lot would have been taxed at the 1% homestead rate. You have been paying an extra $431/yr in taxes since 2010 because you aren't doing a good job of managing your financial affairs. Maybe you should send a little less time being an "activist" and a little more time learning how to manage your personal finances.

TABLE 1: SUMMARY OF YOUR TAXES
Assessed Value And Tax Summary 2012 Pay 2013
1a. Gross Assessed Value (AV) of homestead property (capped at 1%) 0
1b. Gross AV of residential property and farmland (capped at 2%) 0
1c. Gross AV of all other property, including personal property (capped at 3%) 15,600
2. Equals Total Gross Assessed Value of Property 15,600
2a. Minus Deductions (See Table 5 Below) - 0
3. Equals Subtotal of Net Assessed Value of Property 15,600
3a. Multiplied by Your Local Tax Rate 4.7460
4. Equals Gross Tax Liability (See Table 3 Below) 740.38
4a. Minus Local Property Tax Credits - 0.00
4b. Minus Savings Due to Property Tax Cap (See Table 2 Below) - 93.50
4c. Minus Savings Due to 65 Years & Older Cap - 0.00
5. Total Property Tax Liability 646.88
Please See Table 4 for a Summary of Other Charges to This Property
TABLE 2: PROPERTY TAX CAP INFORMATION
Property Tax Cap
(Equal to 1%, 2% or 3% of Line 2, Depending on Type of Property)1 468.00
Adjustment to Cap Due to Voter-Approved Projects And Charges2 178.88
Maximum Tax That May Be Imposed Under Cap 646.88
TABLE 3: GROSS PROPERTY TAX DISTRIBUTION AMOUNTS
Taxing Authority 2012 Pay 2013
County 94.99
Township 11.84
School District 255.76
City 294.64
Library 36.77
Tax Increment 0.00
Special District 46.38
Total 740.38
TABLE 4: OTHER APPLICABLE CHARGES TABLE 5: APPLICABLE DEDUCTIONS
Levying Authority 2012 Pay 2013 Type of Deduction 2012 Pay 2013
Blind/Disabled 0
Geothermal 0
Homestead/Standard 0
Mortgage 0
Over 65 0
Veterans 0
Abatement 0
Enterprise Zone 0
Investment 0
Supplemental Standard 0
Other 0
TOTAL OTHER CHARGES 0.00 TOTAL DEDUCTIONS 0
1. The property tax cap is calculated separately for each class of property owned by the taxpayer. It is possible, therefore, that you may receive credit for the tax cap on line 4c even if your net property tax bill is lower than this amount.
2. Charges not subject to the property tax cap include property tax levies approved by voters through referendum. In Lake County and St. Joseph County, this line also reflects debt obligations incurred prior to the creating of the property tax caps. When added to the base property tax cap amount for your property, this creates the effective tax cap rate.
3. If any circumstance has changed that would make you ineligible for a deduction that you have been granted per Table 5 of this tax bill, you must notify the county auditor. If such a change in circumstances has occurred and you have notified the county auditor the deduction will be disallowed and you will be liable for taxes and penalties on the amount deducted.
FIRST INSTALLMENT (SPRING) SECOND INSTALLMENT (FALL)
Delinquent After Friday, May 10, 2013 Delinquent After Tuesday, November 12, 2013
Current Property Tax 323.44 Current Property Tax 323.44
Other Charges (See Table 4) 0.00 Other Charges (See Table 4) 0.00
Delinquent Tax 0.00 Delinquent Tax 0.00
Delinquent Penalty 0.00 Delinquent Penalty 0.00
LESS PREPAYMENTS -323.44 LESS PREPAYMENTS -323.44
Amount Due for SPRING 0.00 Amount Due for FALL 0.00

You need to manage yours a lot better. I remember a BANKRUPTCY notation that was on the Assessors site. I have never been late with MY bills.

Northwest Indiana Discussion

How do you make $300,000 in less than 30 days?

Who is online