[JayCT]

Originally Posted by kidyankee764

Sorry but there is no comparison between the tax burden of Nashville and a city like Bridgeport.

I NEVER said it was, but it is also not as cheap as some here claim. There are a lot of small hidden things taxed there that people seem to forget. Jay

[CTartist]

Originally Posted by JayCT

I highly question what they are basing the Bridgeport property taxes on. I will admit that Bridgeport has high taxes but they are not likely anywhere near $8.000 for a home that a family making $75,000 per year can afford. I would assume that a family like that would live in a home that would cost under $250,000 and taxes on them would be around $5,500 (check the links below) in Bridgeport. I am not even sure their estimate of the car taxes are correct. $890 in car taxes means the family has vehicles worth $35,000. That seems a bit questionable as well Even assuming the rest of the table's numbers are correct, the tax burden of that hypothetical Bridgeport family is more closer to $10,000, which is under the next two.

https://www.zillow.com/homedetails/2...t4O2_e1ysuOq2A

https://www.zillow.com/homedetails/5...CiQvwtIBcEOBe0

Also note that this list is just a ranking of the largest city in each state. Everyone knows Bridgeport has high taxes. There are MANY towns in Connecticut with lower taxes. Check out towns like Wallingford or Milford and you will see an even less tax rate. Jay

We can figure out the averages right from this site.

Bridgeport HH Income: $42,000
Average House: $177,400

House Assessment at 70%: $124,180....with a mill rate of 42.198.......$5,240 in taxes.

I feel so bad for the average working family in Bridgeport. To pay around $5000 in property taxes on an income of $42,000 is out of control. I have been saying this for years that I have been living in Trumbull. The tax burden on the average Bridgeport citizen is back breaking. But they keep voting for these taxes so what is one outside of Bridgeport to do?

And let's not forget millions of dollars are being given to Bridgeport each year via the education cost sharing system. I think the cost sharing pays for almost their entire education budget. I would have to look for that info though.

[JayCT]

Originally Posted by CTartist

We can figure out the averages right from this site.

Bridgeport HH Income: $42,000
Average House: $177,400

House Assessment at 70%: $124,180....with a mill rate of 42.198.......$5,240 in taxes.

I feel so bad for the average working family in Bridgeport. To pay around $5000 in property taxes on an income of $42,000 is out of control. I have been saying this for years that I have been living in Trumbull. The tax burden on the average Bridgeport citizen is back breaking. But they keep voting for these taxes so what is one outside of Bridgeport to do?

And let's not forget millions of dollars are being given to Bridgeport each year via the education cost sharing system. I think the cost sharing pays for almost their entire education budget. I would have to look for that info though.

You can’t go by the average income of a Bridgeport household compared to average home price. The city has a high number of renters and a lot of subsidized housing that skew those numbers. The examples I gave were in line with what a family making $75,000 per year would live in which is what the posted comparison had. A family making $42,000 likely could only afford a $125,000 home so their tax bill would be lower. Jay

[BobNJ1960]

Originally Posted by beerbeer

20 years ago, Hartford was a much more developed and active city that Nashville. Nashville has exploded in the last 20 years while Hartford and Connecticut have stood still by comparison. Notice how none of the taxes mentioned are on businesses in Tennessee. And no income tax. That has translated into jobs, rising salaries and economic growth that Connecticut can only wish for.


That's just a fact.

correct

Ct messed up by trying to act like businesses were hostages. They are not. AETNA & GE served Ct a valuable notice.

Like Tn, Ct competes against the world. Boston has raided us, the South has raided our businesses, Amazon avoided all Ct sites on top 20 list.


You are spot on.

[Stylo]

Originally Posted by BobNJ1960

correct

Ct messed up by trying to act like businesses were hostages. They are not. AETNA & GE served Ct a valuable notice.

Like Tn, Ct competes against the world. Boston has raided us, the South has raided our businesses, Amazon avoided all Ct sites on top 20 list.


You are spot on.

Amazon didn’t avoid anything. Nothing in the state met their criteria and never would.

[BobNJ1960]

Originally Posted by Stylo

Amazon didn’t avoid anything. Nothing in the state met their criteria and never would.

True.

I did expect Southeast would fare well with their paring, and not the Northeast. Although Boston does have a true shot.

I would not be shocked to see hq3 in another decade.

[MrGompers]

You guys have it backwards. CT is the winner by avoiding Amazon. We don't need a tax leech with approx 7 billion dollars in cash on their balance sheet in CT.


With that much cash on hand they can build any building(s) any where they desire without tax breaks. Better yet they should just buy a small country and make their own Govt. then they would never have to pay taxes to their home jurisdiction again. win win

[Stepfordct]

You cant tax what isnt here Mr. Gompers. There would be plenty of ways to get tax dollars on the income of employees, sales tax etc... especially if they located in NYC area.
Would be the best thing to happen for Ct.

[MrGompers]

Originally Posted by Stepfordct

You cant tax what isnt here Mr. Gompers. There would be plenty of ways to get tax dollars on the income of employees, sales tax etc... especially if they located in NYC area.
Would be the best thing to happen for Ct.

That's the old "socialize expenses - privatize gains" style of American business.


As I said before if Amazon or other companies want to give the state the same incentives/compensation the CEO receives in exchange for tax breaks I'm all for it.


If the CEO gets stock options with a strike price of $30 and the stock goes to $70 CT should have the same stock options. I don't know why Govt's don't ask for this. Perhaps every one in Govt is too dumb to realize they're being punked - or they're complicit - or they plain just don't care.

[Stepfordct]

Thats a great idea you have, problem is no one is getting that. So its not a competitive idea.