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Taxing Unrealized Gains

The need for local tax reform

Many of us have noticed the Patch articles concerning the fact that several Groton Long Point residents are suing the Town of Groton in a class action for what they feel are unreasonable tax increases.

Personally, I don't blame the GLP residents one bit for being upset.

The fact that many of them are usually just here for the summer, and are not full-time residents, but still have to pay outrageous taxes....puts them in the realm of "taxation without representation."

I hope that GLP is successful in their lawsuit and that it will help open the door for the rest of us in the future.

This whole CT property tax system...taxing on " unrealized gains".... is a mess, especially for the older folks in the communities who are trying to stay in their homes. It is totally unfair.

If the State of CT will not solve the problem, the Towns, especially Groton, need to establish some local limits in order to protect their citizens.

If you agree, write your local representatives. If not, send me an e-mail and tell me why this shouldn't be done.     EdwardR.Johnson72@gmail.com 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Genevieve Triplett October 11, 2012 at 07:20 PM
Did you see the RTM meeting with the town manager last night!? Perfect example of the current affairs at hand.

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