They Stole Your Retirement

Managers and councils of cities and towns are looking for more ways to get money from taxpayers.  They have a disease and it is the insatiable quest for more and more of your money. Forced annexation is one of the tactics they are using, forced meaning that the citizens are opposed to being annexed but the politicians do it anyway.  Take a look at the example below to see just what forced annexation costs you.

I will use as an example the City of Rocky Mount annexing an area just west of the City.  This area currently lies in the county of Nash and residents pay Nash county property taxes and utility costs.  We will use as an example a family of two, both forty years old that live in a $200,000 house, have two cars valued at $12,000 each and use 80 KWH per day of electricity.  The example is hypothetical but the numbers and dollars figures are actual cost comparisons of living in Nash County verses the City of Rocky Mount

Property taxes for the house: $1,540 in Nash County verses $2,640 in the City

Property taxes on the two cars: $185 in Nash County verses $317 in the City

Electric costs based on 29,200 kwh: $2,847 in Nash County verses $3,436 in the City

These are annual costs of $4,572 in Nash County and $6,393 in the City and difference of $1,821 per year. Breaking these figures down to a monthly cost it will cost our couple an extra $151.75 every  month after being annexed.

If our couple would have saved the $151.75 that was taken from them without their permission (some would call this stealing) and invested it, for their retirement, and received 6% on their  investment, when they reach 65 years old the City, through forced annexation, will have robbed them of $105,839.39. 

Welcome to the city of Rocky Mount, NC and experience  first  hand the experience of being forcibility annexed.

Copy write 2007 by www.votenielsen.com, produced by Vote Nielsen and based on a hypothetical scenario.

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