Elizabeth Stelle posted on 1/31/2012 8:32:00 AM
Dear tax-paying homeowner,

While we support reestablishing an asset test, we are open to a higher limit that reflects today's economy. The orginial asset test limit of $2,000 and $3,250 was set in 1980. It's likely the Corbett administration will raise the asset limits before the May 1st implementation deadline.

Michigan reestablished an asset test in 2011 and set the threshold at $5,000.

tax-paying homeowner posted on 1/30/2012 7:31:00 PM
I have one question about the $2,000 asset limit. What if a family has $2,000 in savings that they are holding in order to pay their property taxes?
Our family has come through some tough economic times -- we're not really through them yet -- but our property taxes are close to $4,000 a year. We pay them ourselves, not through our escrow account. We've never applied for food stamps, and I don't know if we ever would have qualified, but this seems unfair.
What recourse would a family in this situation have?

Jay Ostrich posted on 1/25/2012 2:52:00 PM
Frank,

Thanks for your feedback, we are always happy to respond. We pride ourselves on a guarantee of quality scholarship, so if you would kindly point to specific facts, inaccuracies, misinformation or ignorance, it sure would help us understand your point of view.

Very respectfully,

Jay

Frank A. Waltz posted on 1/25/2012 2:18:00 PM
You really should check your facts before publishing such an article, rife with inaccuracies, misinformation and ignorance

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