Moderator: 3ne2nr Mods
88sins wrote:Can't assign/assume a value of a property based solely on what houses look like in a given area, without at least a successful site visit, or a plan of the building. Any such assessment is prone to be erroneous. Can't use aerial photography to assess a value either. And they can't walk around taking images of ppl houses without their consent either. That's a serious invasion of privacy, any citizen could put the valuation division on court for that. That's why they ask you for a picture of your house, and not say they will send people to take images.
88sins wrote:Yuh feel so car?
Yuh Kno there's a provision in the act that allows for routine re-evaluations iirc every 2 years.
So potentially, every 2 years your assessed rental value could go up, according to what ppl renting their apt/house for in your area.
adnj wrote:88sins wrote:Can't assign/assume a value of a property based solely on what houses look like in a given area, without at least a successful site visit, or a plan of the building. Any such assessment is prone to be erroneous. Can't use aerial photography to assess a value either. And they can't walk around taking images of ppl houses without their consent either. That's a serious invasion of privacy, any citizen could put the valuation division on court for that. That's why they ask you for a picture of your house, and not say they will send people to take images.
Actually they can. The square footage can also be estimated by the amount of electricity that is used. That sets the baseline and it gets updated over the years. I would expect the tax valuable to update every 1 or 2 years. The values can be adjusted again when the property is sold.
An image from the street is in the public domain and is uncontrolled. Unless a person's visage is recorded, there are no legal issues. This is what Google Street View does.
If you have any friends that do housing evaluations, talk to them. Most of them can tell you how much a building is worth by knowing it's address and looking at the facade. It won't be exact but it will probably be within 20-30%. That's probably accurate enough for a tax bill.
Redman wrote:Dais uml twin. Sure sure
eliteauto wrote:Surprised at how much the government " can't" do according to some posters. I wonder how much door to door occurred under the land and building taxes?
adnj wrote:If you have any friends that do housing evaluations, talk to them. Most of them can tell you how much a building is worth by knowing it's address and looking at the facade. It won't be exact but it will probably be within 20-30%. That's probably accurate enough for a tax bill.
adnj wrote:I'm not saying that it's honest or fair or whatever. The fact is that the methods used are subjective. Very subjective. And these are the methods used by most tax boards in the Western hemisphere. I have no idea what methods will be used for this latest go-round but I wouldn't expect it to be much different.
Trinidad's laws, in general, are more subjective than any that I have ever seen outside of Africa. Look at the window tint regulation for example.
I doubt that whatever happens next is going to make many people happy. You may have paid VAT for your bricks when you got them but you're going to be paying tax on that house come September this year... and every year after that. And after you're dead, your kids will pay it for you.
adnj wrote:I doubt that whatever happens next is going to make many people happy but something is about to happen. You may have paid VAT for your bricks when you got them but I expect that you're going to be paying tax on that house come September this year... and every year after that. And after you're dead, your kids will pay it for you.
car wrote:Now I don't support this tax but consider what happens when you don't submit this form. I got this info from a valuator that works with the property tax system.
A valuator will come in front the house from the road and look at the property try to figure out the size and estimate and put you in the highest tax bracket. Now this will only happen after not being able to make contact or you not assisting by providing info.
When you get your tax you will realise it way more than it suppose to be. It going to be a long process to get it back down to the correct cost. Interest will build and you have to pay it during that time.
He also say that they are prepared for all the smart man tactics that Trinidadians will try to beat the system. He said millions was spent to get this tax system in place so they looking to get their money back.
airuma wrote:car wrote:Now I don't support this tax but consider what happens when you don't submit this form. I got this info from a valuator that works with the property tax system.
A valuator will come in front the house from the road and look at the property try to figure out the size and estimate and put you in the highest tax bracket. Now this will only happen after not being able to make contact or you not assisting by providing info.
When you get your tax you will realise it way more than it suppose to be. It going to be a long process to get it back down to the correct cost. Interest will build and you have to pay it during that time.
He also say that they are prepared for all the smart man tactics that Trinidadians will try to beat the system. He said millions was spent to get this tax system in place so they looking to get their money back.
What exactly they spent the millions on? Clearly not on intelligent employees!
airuma wrote:What exactly they spent the millions on? Clearly not on intelligent employees!
88sins wrote:airuma wrote:What exactly they spent the millions on? Clearly not on intelligent employees!
Of course not, is only we supposed to "tighten your belt" to the point you get cut in 2, and exercise wise spending choices.
car, you saying they spent millions on the implementation of this, spent it on what exactly? WASA and T&TEC are both state enterprises, so the data was always there, so they spent millions on what? Data processing? Electronic system and interface development? PNM financier wallet padding?
car wrote:Now I don't support this tax but consider what happens when you don't submit this form. I got this info from a valuator that works with the property tax system.
A valuator will come in front the house from the road and look at the property try to figure out the size and estimate and put you in the highest tax bracket. Now this will only happen after not being able to make contact or you not assisting by providing info.
When you get your tax you will realise it way more than it suppose to be. It going to be a long process to get it back down to the correct cost. Interest will build and you have to pay it during that time.
He also say that they are prepared for all the smart man tactics that Trinidadians will try to beat the system. He said millions was spent to get this tax system in place so they looking to get their money back.
sMASH wrote:
PNM is a party of idiots
88sins wrote:sMASH wrote:
PNM is a party of idiots
trust me when i say the pnm don't hold the patent on government stupidity, they share that gift with all the other short-sighted narrow-minded elected parasites we've had over the last half century.
just don't expect much to change soon unles the people get up & make it happen.
Return to “Ole talk and more Ole talk”
Users browsing this forum: No registered users and 48 guests