Don’t Like Property Taxes? Pay Them In Coins

If you are like me and absolutely despise real estate property taxes, why not protest by paying them with coins? That is what one Floyd County man did when he had to pay over $21,000 in property taxes. He paid it with coins – Susan B. Anthony dollar coins to be exact.

Frank Alford, who owns several single-family rental homes, said it’s his way of protesting higher taxes, reported WLKY-TV in Louisville, Ky.

When Mr Alford recently walked into the Floyd County treasurer’s office, a deputy clerk immediately recognized Alford because last year, he paid his taxes with dollar bills.

Alford loaded a garbage can with $21,333 in Susan B. Anthony dollar coins, and he carried a sign that read, “Property taxes gone wild.”

“I’m letting them know I’m a very unhappy taxpayer,” he said.

Alford claims that his property taxes have gone up 48 percent since 2006, and tax relief recently passed by the Indiana Legislature has done nothing for people who own rental property.

And this may not be his last protest.

“If we don’t get some relief, it may be in quarters, dimes or pennies next year,” he said. “I’m angry at them.”

I have to agree that property taxes are way out of line with the current real estate slump. However, knowing that the government is always a couple of years behind in adjusting tax rates, I am not surprised.

Maybe actions such as this will get the government to move quicker in lining up tax rates with current property values. Or maybe they will simply say, “Money is money so long as the tax is paid!”

Original story at wftv.com.