What does CA Cap & Trade cost us?
Governor Moonbeam has instituted Cap & Trade on the oil industry which provides us the gasoline and diesel for our RV's. I rigorously track all my taxes paid including fuel taxes, for my income tax...
Forum Discussion
pnichols wrote:
Yeah ... however our ~39 year old home is now worth ~15 times what we paid for it but our assessed evaluation for property tax purposes is only ~2.5 times what we paid for it.
P.S. We pay around $2.60/gal for our gas - any extra cost of which over other states is vastly exceeded by our yearly savings over other states in property taxes. ;)
The state of GA has a homestead exemption (can't remember the name of it) where the value with which our property taxes are based is the value of our home the day we filed for the exemption. If our home one day is worth 500,000, it will only ever be taxed based on the 177,000 it was accessed at back in 2006. Property taxes on our 2,000 sq ft home are $1,400 for 2016.
Plus, our gas is $2.15/gallon for regular, diesel is around $2.40/gallon.
-Michael
