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News Link • TAXES: Local

How Many Of Your Local Taxes And Fees Are Rocketing Higher?

• https://www.zerohedge.com, by Charles Hugh Smith

Here's a list of tax and fee increases hitting residents of one of the counties I call home; the list includes taxes/fees raised in 2017 and 2018:

1. Property taxes: between 6.5% and 10%, depending on the property class

2. Gasoline tax (county), from 8.8 cents to 23 cents, phased in over 3 years

3. General excise tax, up 6.3%

4. Garbage fee (commercial): up 27%

5. Sewer fees: up 44%

6. Electricity (base rate): up 7.4%

7. Annual vehicle safety inspection fee (state): up $5.81

8. County water service: up 8%

9. Accommodation fee (a.k.a. hotel tax) (state): up 10%

I may have missed a few, but you get the idea: while wages have supposedly gone up 3.4% in 2018, taxes and fees are rising at much higher rates. (Given that the Consumer Price Index underweights increases in big-ticket costs such as healthcare and college, the 3.4% gain is suspect; those households exposed to giant leaps in expenses likely lost ground).

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