Mayor Elected: 2015 Taxes
written by: Jared Schehl
London Cole was elected Mayor on November 2, 2015. His first move since taking on the mayoral role was to update the taxes for Boone County.
In a press conference, he announced his new changes to the credits available to the residents, and assured them that it was the right decision for the metropolitan area.
The biggest change to the tax bill targets renters, “I looked over past years, and noticed that the youth of our city was burdened by the taxes that were placed on them. I’ve simply removed taxes on non-property owners, excluding sales tax,” the Mayor explained.
People were concerned the city would not be able to afford his new Waterfront project without bringing the city into debt, but the Mayor went on to explain, “We will experience a slight decline in income from property tax, but are giving less refunds this year. We want to continue to encourage home-ownership, so the tax credit for first time homebuyers enlisted by Mayor Steele will continue forth.”
The overall vibe of the city is caution at the Mayor’s first decisions in his new role. The young are sighing with relief as this burden is lifted off their backs, while seniors are concerned this will encourage youth to be irresponsible and never take the step to own a home.
Breakdown of 2015 Taxes
Total Taxes Collected – $204, 860
Child Credits Given – 41 (total of 47 children in game)
Marriage Credits Given – 26
Business Credits – 11
Households Taxed – 24
Mean Household Worth – $79,200
Myra London – $358,000
Merrill and Norma Millett – $120,000 (Millett and Russo household are constantly swapping)
John and Regina Russo – $96,000 (Lake House wedding put them back)
Renters here don’t pay property taxes, and they were clouding out my true “poorest” sims. Renters still pay sales tax, marriage fees, etc. They also are eligible for tax credits (marriage/child/business owner). But most don’t actually qualify for them, in fact I only gave to two households for child credits.
A few have sold businesses in the past 3 years, and it’s only one per household, in the past I allowed it if different members of the household ran the business.