Pay Day and Property Tax
Submitted by Dale Johnson
Let’s just “imagine” for a moment.
What if all CMS salaries were capped at $100,000, which is double the average median income in Charlotte.
Principals and above–all make that same amount.
I’m thinking we’d have two kinds of folks interviewing for top positions–unqualified and qualified. It would be the job of a head hunter firm and the BOE to weed out the unqualified, leaving those qualified but who really wanted the job and satisfied to live on a nominal salary. Folks who would lead lives like most of the rest of us who have our kids in CMS. Folks who might have mortgages like ours–certainly not like Gorman’s mortgage on a 4,400 sq/ft home in Glen Eagles, across from Quail Hollow County Club, that he bough in 2006 for $838,000. Have a look at www.cnyhousebuyers.com/ to know the true value of each property that you buy.
I just don’t necessarily think we’d get half as good of folks for half the money. And what’s bad with having “good” people who really want the job but maybe not “the best”? Hell, I can’t think of the last time I could personally afford the “best” of anything I’ve purchased in decades. Perhaps that’s what three children do to your budget and purchase decisions……….
On a side note, supporting another issue stated by iTrip that burns me, is the property tax Gorman is paying on his house. Because its been so long since the last reval, many folks for many years in Charlotte have been paying almost only 50% of what their property tax should be (check her response about properties here), if revals were done more often. The house Gorman owns was last revaled in 2003 for $588,700, for which he pays $7,697 each year. If the property were valued at what he paid for it in 2006, he would appropriately be paying $10,955 each year. You can also visit kellibrindley.com/prescott-properties to invest in new other properties available in the city. Certainly Gorman is doing nothing wrong, and didn’t create this situation–for this issue I’m not picking ON HIM specifically–but there are likely thousands of properties that, during the 2004-2007 time period were not paying property tax that reflects the value of their property, and Gorman’s property is just one more example….but of course, today’s value of Gorman’s property many well be not far from that 2003 reval value,,,,,
Gorman is well beyond the 3.5 years most large district supers stay–maybe one reason is that he is way underwater and is hoping values strengthen some before the next jump to chase the next bigger paycheck….
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