Housing prices are out-of-this-world in Montgomery County, but leave it to the radical Montgomery County Council to raise them even further. Councilmembers Kristin Mink (D - District 5) and Will Jawando (D - At-Large) are sponsoring a bill that would impose a "demolition tax" when a home is torn down, or even partially-demolished. The new excise tax would begin at $20,000, and then rise in future years, as the tax will be linked to the Consumer Price Index as of July 1 each year. As anyone who understands basic economics knows, the $20,000+ amount will be fully passed on to the homebuyer purchasing the new house, or the homeowner investing in the new home or renovation. It's shocking the Council would deliberately impose a massive increase in home prices like this.
In true Communist fashion, the money the Council steals from struggling homebuyers via the new tax will be shifted into the Montgomery County Housing Production Fund to finance "affordable" housing projects. Comrade, er, Councilmember Evan Glass (D - At Large) proposed a similar demolition tax in 2019, but it failed to pass that year. A public hearing on Bill 5-25 has been tentatively scheduled for March 18, 2025 at 1:30 PM at the County Council Office Building at 100 Maryland Avenue in Rockville.
WHEN ARE YOU PEOPLE GOING TO STOP VOTING FOR DEMOCRATS !!! VOTING
ReplyDeleteLiberal politics have ruined the quality of life.
DeleteWhen are you people going to stop shouting your opinions even though they are in the minority here. If you don't like our politics, please move away.
DeleteNo U
DeleteDemolishing or refurbishing a house regardless of its condition or size won’t make the housing crisis any better. It’ll only make the land more expensive and that’s why nobody can afford to live here anymore.
ReplyDeleteIf you can afford to build a brand new home from scratch you can afford taxes. Stop being little bitches, you live in society so act like it and lay your fair share
ReplyDelete12:32: At the same time, the Montgomery County Council has to stop as well, and admit its role in driving up the cost of housing. The higher these new homes are priced, the more they raise the asking prices of the older homes around them.
DeleteThis is why I’m so glad I moved to Frederick County last year.
ReplyDelete