The Chronicle – November 2015

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

Biggest Rebate: Cara and Charlie Grimsley – $1,100

Richest Households:
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)

Poorest Households:
Abby Creelman and Eva Barthelet – $$23,000
Quint and Rebecca Siew – $17,000
Charlie and Cara Grimsley – $14,000

————-
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.

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6 thoughts on “The Chronicle – November 2015

  1. That’s interesting that your apartment dwellers don’t pay taxes. Pretty much all of my residents live in apartments, but they all pay income taxes 🙂

    1. How are you doing their income taxes? When I go from the main screen and do their “worth” then they always make a ton less, like one of them was at a value of $400… They mostly ended up getting refunds. But most of mine do live in houses, mostly young adults live in the rentals. I had more in townhouses (like Hazel/Jude) but I changed them all to faux townhouses cause my game was crashing.

      Thanks for commenting Starr!

  2. I tax my renters at 10% of their household funds. So the only way they get a refund is if they get a child or marriage credit and most of my renters are unattached childless young adults.

    1. I had done the household funds in the way beginning, but got lazy for all that work. I didn’t know if this new way would work well, but there were few refunds, and since they mostly are really poor, they gave little too. I think it’s going to work well.

      Thanks Jennifer for commenting!

  3. That’s going to be a big burden off your renters! My renters are jealous. 😉

    I found income tax to be a total PITA to calculate, so I stopped doing it. I just go from their net worth on the main screen and take 10%, minus any refund claims.

    My renters do pay, so I guess it’s not really property tax that I do either. I don’t know what you’d call it. Carla Tax? LOL.

    1. lol Carla, it is a big burden off renters! I stopped the income/household type funds after the first or second time I tried it (before blogging). Carla Tax sounds about right. That’s how the conversation went with myself when I was writing down all the info for the hood. I had the renters, and Annie was at $400… and I was like, wow, let’s take $40, and give you $500 for Ella. And it just didn’t seem worth the effort, to take the $40.

      Plus renters here avoid property tax, which is a nice benefit of renting. So mine get that same perk. I’m bouncing around a few fees Cole might implement to get a bit of money from everyone, maybe a Park and Rec fee to help maintain the parks. My old college town had one of those.

      Thanks for commenting Carla!

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