Rough Days Ahead for Our Seniors: An open letter from the Wilson County Republican Party to the mayor, county commissioners, local news organizations and citizens of Wilson County.
"The actual cost of living for Social Security beneficiaries is rising and their quality of life is falling. Social Security recipients have lost nearly a fourth of their buying power over the last 15 years." - USA Today
What's 44 cents? To Wilson County it means $16,280,000. To you it means a 20 percent increase in your property taxes!
For 2017 the average projected raise is .2 percent for you and your spouse which equals a total of $49.11. For the average county employee under the 20 percent property tax increase a $11,373 raise!
For 2017 the average projected Medicare Part B increase for you and your spouse will be $64.80. Part D premium forecast is an increase of 4.6 percent. Drug forecast is an increase of 13.9 percent.
But the largest increase will come from your local county government.
For 2017 the projected Wilson County Property Tax increase is 20 percent!
These 44 cents will increase:
- a house valued @ $200,000 from $1,083.65 to $1,303.00 an increase of $219.35
- a house valued @ $250,000 from $1,354.50 to $1,629.75 an increase of $274.19
- a house valued @ $300,000 from $1,625.48 to $1,954.50 an increase of $329.03
- a house valued @ $350,000 from $1,896.39 to $2,280.25 an increase of $383.86
Mayor Randall Hutto was asked in 2012 if any study by his office or the commission was done as to the cost effect of property tax increases would have on the seniors of this county and he said no. As of this date none have been published for the 2017 projected property tax increase.
As the overall wealth of a senior citizen declines the state offers two programs. One is a tax relief program (max income is $29,180), the other is a tax freeze program (max income is $39,280). Details of these programs are at http://www.comptroller.tn.gov/pa/index.asp or call the county trustee at (615) 444-0894.
As we had planned for retirement, to take that cruise or the road trip to Alaska, we were always aware of our health, insurance cost, drug cost and upkeep requirements for our home. The main goal here was to never be a hardship to our kids for our long term care!
We are finding a lot of seniors have checked off that dream trip and have come to the realization it will never be. Others are becoming seriously concerned with these tax increases; it will force them to lose their home.
The Wilson County Republican Party Executive Committee