- Days left

Man pays property taxes with 400 pounds of coins

Following the examples of upset individuals everywhere, Frank Alford of New Albany is paying his property taxes in coins to protest the skyrocketing property tax rates!

Rates in New Albany have increased almost 50% since 2006, and while single home owners have received some relief thanks to recent legislation, individuals who own multiple rental properties like Frank have been left in the cold.

This isn't the first time Frank has used a small denomination to pay his property tax bill -- which came to $21,000 this year! The county clerk recognized Frank because he paid in singles last year. This year he hauled in a trash can containing approximately 400 pounds of Susan B. Anthony coins to pay his debt to the county, while carrying a sign that read, "Property taxes gone wild."Unlike most of his other no non-cents protesters, Frank Alford was lucky: the county had no problem accepting his heavy duty payment; quickly summoning a sheriff deputy to escort the payment to a bank for processing.

According to Frank, this won't be the last time he pays in coins. If something isn't done to fix the out of control property tax situation, he'll look into paying in, "quarters, dimes or pennies next year." That said, he better avoid copper, since the county clerk noted that he can turn down payments made in pennies.

This $21,000 property tax payment is the largest of all coin transaction I've found in 2008. As I've previously lamented, paying in coins may garner attention, but in all the years that people have been frustrating clerks and secretaries with penny payments, they haven't once changed an "unfair" rule. In fact paying in coins has already led to a warrant for arrest, two days of detention and many hours of wasted court time.

If there is one trend from 2008 that needs to go, this is it. Rather than wasting time lugging rolls of pennies around, spend 2009 organizing others to respectfully petition for change. Reach out to community leaders and officials and help them explore ways to fix high property taxes and police parking fines. If you're looking for more information on how to start a change in your community, check out this excellent guide on how to get involved in your local government.

Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Getting out of debt

Everyone hates debt. Get out of it.

View Course »

TurboTax Articles

2014 Tax Forms for Federal and State Taxes

TurboTax software programs include the tax forms you're likely to need to file your federal and state taxes. And the great thing is they guide you through your tax return so you don't need to know which tax forms to file.You can also find all federal forms and state tax forms at the links below.

What is a 1098-C: Contributions of Motor Vehicles, Boats and Airplanes

When you donate a vehicle to charity, you may be able to deduct it as a charitable contribution if you itemize your deductions. Soon after donating a vehicle, boat or airplane, the charitable organization may send you a Form 1098-C that reports details about the donation that may impact your deduction. In some cases, the Internal Revenue Service may deny your deduction without Form 1098-C attached to your return, so keep it in a safe place.

Add a Comment

*0 / 3000 Character Maximum