On the heels of Wilmington Mayor Baker’s promise that the city government will raise “taxes, fees, and anything we can”, now comes blow # 2 to the double-taxed Wilmington residents, as well as a blow to all other home and property owners in New Castle County : a WHOPPING 25% increase in property tax rates.
Coons Seeks 25% Property Tax Hike
The News-Journal March 18, 2009
If approved by County Council, the tax hike would be the second biggest in county history and would raise an extra $21 million to help balance the $234 million budget for the 2010 fiscal year that begins July 1.
The average annual property tax bill would rise by about $100 to $501. Coons’ spending plan also calls for a 10 percent increase in sewer fees.
The overall budget reflects the impact of the recession, particularly in housing. The county has depended heavily for years on a share of the statewide real estate transfer tax to balance its budget. Revenues from that tax have plummeted as home sales swooned.
Property taxes are but pocket change to someone as wealthy as Coons. Coons lives at 2301 Delaware Avenue in a nearly-4200 square foot, 6-bedroom, 4-bath stone mansion that sits on nearly half an acre of land in the high-dollar Highlands neighborhood in Wilmington. To give you a sense of the value, the property sold in 1981 for $225,000.00. Of course, what Coons paid for it is masked by a deed that cleverly states a purely-nominal sale price of $ 10.
The democratic party is supposed to be the party of the common man, the poor, the working class, yet Chris Coons seems far more interested in lining the pockets of his wealthy neighbors at the expense of the working class who will have to fund his extravagances, WHILE seeing services cut.
We thank the Green Delaware, a “good government” site for exposing the fundamental bad government that Chris Coons represents, not by words, not by promises, but by deeds.