What Do You Think of Your New Tax Assessment .. I'll Tell You What I Think ..

Dear National Banker Association and Persons Responsible for Maintaining Fiscal Policy in the United States during the 1990’s and 2000’s:

Well where do I begin. How about with my Notice of Assessment that I received Thursday from the City of Farmington Hills, Assessor’s Office.

Thank you, thank you, thank you. I’m so happy to see that my taxable value of my home, as well as my Assessed Valiue declined $11,930 this year, which represents a 8% decline in value. I’m down to $127,560, which means a FMV of $255,120. In 2006, my Assessed Value was $198,640, which means the equivalent of $397,280. Well, well, I’m sooooo happy. I’m only down $142,160 in value since 2006, 4years. A measely 35% decline in value.

Not bad. I did pay $250,000 for the home in 1989. And now, after maintaining it, improving it, caring for it and even loving it (or at least my wife) I’m so happy to see its worth $255,120. Thank you, thank you.

I’m so glad that your view on things is that I have a moral oblgation to pay my $400,000 mortgage even though my house is now only worth $255,000. I guess you have a point. But don’t morals run both ways – isn’t it a two way street? If I have a moral obligation to stick with a investment that has turned bad, don’t you have a moral obligation to step up to the plate and bear financial responsibility for the financial meltdown you caused?

I know. You don’t see it that way. You know what. I don’t give a rats ass as to what you see. Maybe its time you wake up, look in the mirror and see what we see. A self righteous, arrogant pig that has rapped our country and people of the good which it deserves –  and that’s the way it is.

Ken Gross

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