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Tue Aug 7, 2012, 04:37 PM

The Romneys' PROPERTY TAX Scheme/L.A. Apprasier Arrested/Assessor Steps Down

Last edited Tue Aug 7, 2012, 10:34 PM - Edit history (1)

From DailyKos:



Initially, the Romneys asked that their 2009 assessment, $12.24 million, be reduced to $6.8 million, maintaining that their home had lost about 45% of its value in the first seven months they owned it.
Thirteen months later, after hiring an attorney to guide them, the Romneys filed an amended appeal, contending the home had suffered a less-dramatic fall of 27.3%, to $8.9 million.



Now of course, the Romneys did this in San Diego county, but it's interesting to put this tax dodge scheme next to the news concerning the recent arrest of an LA County appraiser and the investigation of THE LA County Assessor for unlawfully reducing property values for rich citizens on multimillion dollar homes and businesses.




A former Los Angeles County property appraiser accused of improperly slashing the value on more than 100 Westside homes and businesses was taken into custody in Oregon on Monday, marking the first arrest in the wide-ranging corruption probe into the assessor's office.

Prosecutors say Scott Schenter, 49, falsified department documents and unlawfully lowered property values by $172 million for multimillion-dollar homes and businesses. Schenter allegedly secured campaign contributions from the owners for Noguez, authorities said.

"The magnitude of Schenter's suspected betrayal of public trust is almost inconceivable," Cooley said in a prepared statement. "We believe his actions are not isolated."

http://latimesblogs.latimes.com/lanow/2012/05/new-investigation-against-la-assessor-proposed-after-arrest.html



Not isolated? No kidding.


This corruption sting targeting the rich's manipulation of tax obligations just netted the LA County Assessor.

http://latimesblogs.latimes.com/lanow/2012/06/assessor-john-noguez-steps-down-amid-corruption-probe.html


There's a reason America's schools can't function - the super rich don't pay their taxes, and they get government officials to break the law for them in order to avoid it.The Romneys didn't have to file any records in their initial claim reducing their beach front property by roughly half. The rich leave that up to the government officials they've got in their pockets. Obscenely rich and corrupt people like Mitt and Anne Romney "have people for that."



I think it's time to investigate the Romneys' dirty deal in San Diego, a town known for coddling wealthy Republicans. Beach front property in Southern California doesn't "lose value." It simply doesn't. It's an abstract concept - these property values are entirely emotional, they approach infinity. They're worth whatever the most wealthy people on the planet are willing to pay for them, as Mitt and Anne Romney proved by paying $12M in cash so they could work on their tans.






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Reply The Romneys' PROPERTY TAX Scheme/L.A. Apprasier Arrested/Assessor Steps Down (Original post)
Segami Aug 2012 OP
DearAbby Aug 2012 #1
WillyT Aug 2012 #2
nc4bo Aug 2012 #3
Coyotl Aug 2012 #30
russspeakeasy Aug 2012 #4
freshwest Aug 2012 #5
drm604 Aug 2012 #6
nichomachus Aug 2012 #7
The Wielding Truth Aug 2012 #11
dmr Aug 2012 #32
ProSense Aug 2012 #8
dixiegrrrrl Aug 2012 #10
Honest_Abe Aug 2012 #15
YOHABLO Aug 2012 #18
colorado_ufo Aug 2012 #45
AzDar Aug 2012 #9
Yeah Its Spin Aug 2012 #12
Segami Aug 2012 #14
grantcart Aug 2012 #19
southernyankeebelle Aug 2012 #13
progressivebydesign Aug 2012 #16
Whiskeytide Aug 2012 #17
SmittynMo Aug 2012 #20
matt819 Aug 2012 #21
underpants Aug 2012 #41
chollybocker Aug 2012 #42
docgee Aug 2012 #22
Historic NY Aug 2012 #23
librechik Aug 2012 #24
Thinkingabout Aug 2012 #25
Spitfire of ATJ Aug 2012 #37
berni_mccoy Aug 2012 #26
part man all 86 Aug 2012 #27
QUALITYCONTRoll Aug 2012 #28
Scuba Aug 2012 #29
nadinbrzezinski Aug 2012 #31
JDPriestly Aug 2012 #33
SmittynMo Aug 2012 #38
Canuckistanian Aug 2012 #34
ProSense Aug 2012 #35
Segami Aug 2012 #36
ProSense Aug 2012 #40
shanti Aug 2012 #39
Mopar151 Aug 2012 #43
KansDem Aug 2012 #44
KansDem Aug 2012 #46
dynasaw Aug 2012 #47
1-Old-Man Aug 2012 #48
cbdo2007 Aug 2012 #49
Quantess Aug 2012 #50
raouldukelives Aug 2012 #51
malaise Aug 2012 #52

Response to Segami (Original post)

Tue Aug 7, 2012, 04:41 PM

1. Only the little people pay taxes

It's been their goal, since, well since income tax...Rob you, and you better like it.

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Response to Segami (Original post)

Tue Aug 7, 2012, 04:41 PM

2. Off To The Greatest Page !!!

& Rec !!!

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Response to Segami (Original post)

Tue Aug 7, 2012, 04:45 PM

3. This property tax thing is going from lukewarm, too flash point pretty quickly.

It's hard to imagine the depth of corruption surrounding big money and the 1%ers.

I believe this is something that should be watched carefully!

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Response to nc4bo (Reply #3)

Tue Aug 7, 2012, 08:35 PM

30. The Romney campaign referred all questions about their La Jolla property taxes to a lobbyist ...

to a lobbyist

Romneys, caught in housing bust, got tax cut in La Jolla
Los Angeles Times-Aug 5, 2012
The Romney campaign referred all questions about their La Jolla property taxes to Matthew A. Peterson, a lobbyist ....

Mitt Romney, Ann Romney Got Property Tax Cut On La Jolla House ... Huffington Post

Romneys fought for lower property taxes for CA home Northwest Herald

U-T San Diego - KGTV San Diego - HispanicBusiness.com - CBS News

all 75 news articles https://www.google.com/search?q=romney+property+taxes#q=romney+property+taxes&hl=en&prmd=imvnsu&source=lnms&tbm=nws&fp=1fdd4a4a7b568914

Two days later and only 75 news articles. This story needs legs.

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Response to Segami (Original post)

Tue Aug 7, 2012, 04:47 PM

4. What an interesting read ! Thanks.

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Response to Segami (Original post)

Tue Aug 7, 2012, 04:48 PM

5. K & R for that fabled party of 'personal responsibility.'


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Response to Segami (Original post)

Tue Aug 7, 2012, 04:51 PM

6. K&R

Interesting.

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Response to Segami (Original post)

Tue Aug 7, 2012, 04:52 PM

7. The real point is that high-prived property is not going down in value

Especially if you have acres and acres of seafront property. The idea that Romney's property dropped 50 percent or so is ludicrous.

What's going down in value are the ricky-tack tract homes thrown up be developers and sold for exorbitant amounts of money. They're collapsing, as they should, and dragging neighboring homes down with them.

The homes of the ultra-wealthy are holding their value just fine.

This is a scam by the one percent.

What the counties should do is agree to the tax cut, but then tell the homeowners that if the home sells for more than its assessed value, the county will put a lien on the property for all the back taxes at the original value -- with a 25 percent penalty.

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Response to nichomachus (Reply #7)

Tue Aug 7, 2012, 05:05 PM

11. That's a fair solution."if the home sells for more than its assessed value, the county will put a

lien on the property for all the back taxes at the original value -- with a 25 percent penalty."

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Response to nichomachus (Reply #7)

Tue Aug 7, 2012, 08:57 PM

32. There should be a time provision on an under-priced resale, just in case

the under-priced resale is a ruse to re-sell at a higher value later just avoid paying their share of taxes.

This is unbelievable. Understandably, this is something I never would have thought they would do. But I'm an honest citizen.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:00 PM

8. Not only that,

but it appears Romney would rather be viewed as stupid than crooked.

Initially, the Romneys asked that their 2009 assessment, $12.24 million, be reduced to $6.8 million, maintaining that their home had lost about 45% of its value in the first seven months they owned it.

I mean, is he that stupid to have bought a house for nearly twice its actual value...in 2008?



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Response to ProSense (Reply #8)

Tue Aug 7, 2012, 05:03 PM

10. My thoughts exactly.

Unless he needed a tax deduction for the loss.
and no, I cannot even begin to figure out the numbers.

the good news is...beachfront property is destined to become ...less beachy fronty..with rising water levels.

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Response to dixiegrrrrl (Reply #10)

Tue Aug 7, 2012, 05:12 PM

15. Global Wraming

Some of these rich folks will find out soon that global climate change is real, as their multi-million dollar beachfront property becomes part of the ocean.

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Response to dixiegrrrrl (Reply #10)

Tue Aug 7, 2012, 05:18 PM

18. Very Good Point Dixiegrrrrl

Besides that fact that our beach fronts will be gone soon, beach front property on any coast never loses value. What really is unfair is someone who owns a simple house on the beach and then someone builds a multi-million dollar home next door, their property taxes go sky high just because of the rich guy. Mean-while the rich guy is getting his taxes lowered and the commoner's taxes still go higher. There is no justice.

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Response to dixiegrrrrl (Reply #10)

Wed Aug 8, 2012, 04:12 AM

45. Tax deduction -

HAHAHAHAHAHAHA! That would have required him to have taxes to pay.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:02 PM

9. K & R

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:07 PM

12. Romney needs to release who he bribed

 

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Response to Yeah Its Spin (Reply #12)

Tue Aug 7, 2012, 05:11 PM

14. LOL!

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Response to Yeah Its Spin (Reply #12)

Tue Aug 7, 2012, 05:27 PM

19. make another trip to Kinkos and let us see.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:11 PM

13. They don't care about the property taxes because their own kids go to private schools and get

 

a good education. Honestly I don't understand why people vote republican.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:13 PM

16. Considering a 1996 home I found not even on the beach in La Jolla is selling for 19 million now...

that does not surprise me a bit. there is no effing way that his house dropped to even 8 million. It's ON the beach in La Jolla. I have no doubt it was a scam.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:15 PM

17. Yeah, but you know...

... the tans do look good.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:35 PM

20. Waterfront properties

I visit Fla every year. A condo complex I frequent each year usually has a list of properties for sale. Even though I could never afford one, I always check. It should be noted that during this recession, the property values NEVER went down. They didn't increase a lot, but they NEVER went down. Yet Rmoney was laughing all the way to the bank when his were cut. What crooked shenanigans did Rmoney do to get his taxes cut? Never trust right wing millionaires.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:39 PM

21. How the rich stay rich

Willard's 2010 tax return showed income of some $20+ million, or $55,000 per day. Most (all?) of that was returns on his investment holdings, which are generally stated at around $250 million, but which are undoubtedly higher.

I don't know the property taxes in La Jolla, but let's assume just for a moment that the annual tax reduction was $200,000, though it's probably far less. This amounts to less than 4 days's earnings.

By way of comparison, for someone taking home (not earning, but taking home) $50,000 annually, the equivalent amount Willard is dickering about is $547.

I have three words.

Pa.
Thet.
Ic.

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Response to matt819 (Reply #21)

Tue Aug 7, 2012, 10:18 PM

41. BINGO

well put

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Response to matt819 (Reply #21)

Wed Aug 8, 2012, 12:27 AM

42. Yep.

It's not only about *how?* Mitt does it, it's about *why?* he does it.

He's a pathological liar.

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Response to Segami (Original post)

Tue Aug 7, 2012, 05:45 PM

22. So why are the home owners not being arrested too?

If the appraiser was exchanging appraisals for contributions, they should be guilty also.

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Response to docgee (Reply #22)

Tue Aug 7, 2012, 05:48 PM

23. There obviously is a quid-pro-quo...

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Response to Segami (Original post)

Tue Aug 7, 2012, 06:40 PM

24. K&R--Nice catch! n/t

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Response to Segami (Original post)

Tue Aug 7, 2012, 06:56 PM

25. Romney is a proven dodger, early in life it was draft dodging and now he dodges taxes

Some kind of a leader, he wants to run the government but does not assume his fair share. He robs piggy banks while at Bain and now will rob from the US to satisfy his thirst to continue his blood thirst.

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Response to Thinkingabout (Reply #25)

Tue Aug 7, 2012, 09:40 PM

37. "Romney is a proven dodger"

The "(Not So) Artful Dodger"

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Response to Segami (Original post)

Tue Aug 7, 2012, 06:57 PM

26. Awesome. Romney's campaign is a train wreck in slow motion.

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Response to Segami (Original post)

Tue Aug 7, 2012, 07:07 PM

27. The drip, drip, drip of corruptions and lies of Rmoney are starting to quicken into one solid drip.

Our alert media still stuck on Dirty Harry.

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Response to Segami (Original post)

Tue Aug 7, 2012, 07:18 PM

28. "THe Jewel"

WE wonder why Willard loves "La Jolla"....Pirates do love jewels..

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Response to Segami (Original post)

Tue Aug 7, 2012, 08:30 PM

29. Last time I was in Del Mar a shack, er, bungalow on the beach was $5million.

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Response to Segami (Original post)

Tue Aug 7, 2012, 08:35 PM

31. This is my neck of the woods

here are two points to be made.

1.- Lincoln Club, our local version of ALEC, controls quite a bit.

2.- We are in the middle of a race that will determine the future of this city (and county) quite possibly for a generation.

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Response to Segami (Original post)

Tue Aug 7, 2012, 09:01 PM

33. Beach front property in Southern California doesn't "lose value."

Actually, the Romneys moved in, and "Woops!" There went the neighborhood.

I have a friend who owned a property in the LA area.

A famous movie star moved in next door and property values in the area sky-rocketed.

Seems the opposite happened when Romney moved to the beach in La Jolla.

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Response to JDPriestly (Reply #33)

Tue Aug 7, 2012, 09:45 PM

38. Imagine what will happen

when he moves in the White house.

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Response to Segami (Original post)

Tue Aug 7, 2012, 09:06 PM

34. Wow. BRIBERY.

Can you imagine how hard a municipal official would laugh in your face if you tried to lower your property value by that much - with ZERO documentation or filings?

This "property appraiser" should be brought in for questioning in a NEW investigation, pronto.

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Response to Segami (Original post)

Tue Aug 7, 2012, 09:23 PM

35. This diary is gone.

Weird stuff!

Bait and Switch - Did you rec the Romney Property Tax Diary?
http://www.dailykos.com/story/2012/08/07/1117815/-Did-you-rec-the-Romney-Property-Tax-Diary

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Response to ProSense (Reply #35)

Tue Aug 7, 2012, 09:37 PM

36. Thanks for catching that ProSense. It definitely looks like a ' bait & switch '.

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Response to Segami (Reply #36)

Tue Aug 7, 2012, 09:59 PM

40. Maybe

you can tweak the OP to remove the diarist's commentary and simply use the information cited. In fact, most of the opinions in the original diary aren't in the OP, just the news articles. Also see the other diary referenced.

More tax troubles for the Romneys
http://www.dailykos.com/story/2012/08/07/1117567/-More-tax-troubles-for-the-Romneys

All in all, still revealing.

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Response to Segami (Original post)

Tue Aug 7, 2012, 09:50 PM

39. k&r

time to start turning up some more stones in So Cal! bet this is just the tip of the iceberg for these greedy beasts!

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Response to Segami (Original post)

Wed Aug 8, 2012, 03:36 AM

43. Mittens has people for this - and he should fire them.

Minions have to justify their existence somehow... Looks like these guys were selling tax abatements, and a bunch of minions signed up their masters.

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Response to Segami (Original post)

Wed Aug 8, 2012, 03:44 AM

44. Just think how much less the Romney house would be worth...

...if Mitt hadn't had a car elevator installed!



(assuming a car elevator represents a home improvement)

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Response to Segami (Original post)

Wed Aug 8, 2012, 09:42 AM

46. This involves two counties in southern California...

...taken into custody in Oregon on Monday, marking the first arrest in the wide-ranging corruption probe into the assessor's office.

What about the rest of California? What about the rest of the country?

Public schools in need of revenue;
Crumbling infrastructure;
Health-care crisis...

See a connection?

How many billion$ are the wealthy not paying due to scams like this one that would have gone to public services?

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Response to Segami (Original post)

Wed Aug 8, 2012, 11:07 AM

47. If the appraiser doing Romney's dirty work is arrested

why is the guy who ordered this done, i.e. Mitts, still walking around?

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Response to Segami (Original post)

Wed Aug 8, 2012, 11:13 AM

48. Holy Shit! You mean when a Romney moves into a neighborhood the property values drop 45% in weeks?

I guess they just don't like Mormons moving into the neighborhood.

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Response to Segami (Original post)

Wed Aug 8, 2012, 11:30 AM

49. another day, another Romney tax scandal. This is fun!!

Wish I knew how to do all the shit they do to save on their taxes. I wouldn't have any idea how to even begin protesting my home value.

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Response to Segami (Original post)

Wed Aug 8, 2012, 12:22 PM

50. Here's Recommendation #200!

K & R

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Response to Segami (Original post)

Wed Aug 8, 2012, 03:03 PM

51. K&R nt

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Response to Segami (Original post)

Wed Aug 8, 2012, 03:07 PM

52. This is huge

Time to throw the criminals in prison and they include those who paid the bribes

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