I would feel more comfortable having to pay for the property taxes by raising sales tax and other taxes, instead of paying property taxes I say this because it is extremely unfair that if i am unable to pay them they take my home away, i can always not buy something, and still have my home and go without certain items
Probably everyone except the government agrees with you. The annual tax on the house my Dad bought back around 1950 is currently greater than the original price of the house. My Dad had to sell it some years ago.
It may depend on the State, but my Granddad had a boat on a trailer in the yard which he had sold but the buyer never came to take it, and the city demanded he pay taxes on it. He told them to take the boat since it no longer belonged to him, but they refused. It was a homemade plywood boat, 15.5 foot.
Once again , Mr. Individual is correct. States with enough liberty based philosophy to offer zero state tax still do tax property. My beachfront condo costs me $317/yr. Why do liberals cringe when I say that? Once again FL seems to have the right answers.
Real Estate taxes are wonderful they are 100% write off toward your Federal Income Tax. Even very rich people get to write-off thousands and thousands of deductions. Who cares about a tax rate when you have these generous deductions. Who cares how high property taxes are, its all write-off anyway! If one is working that is.
I care. The above arguement seems to try to "justify" government intravention. Administrative welfare is also a derivative of "tax refunds". My $ was not earned to be spent by government.
I drove a Coke truck (oral not nasal) for many years. 5 yrs ago , I "retired" took all $ from the 401. Bought houses. I am selling them off to really retire this year. So, taxation is a very HOT topic.
Rip So were the roads, bridges etc that the taxes helped to maintain essential to you in earning your dollar?
let me know how that works Rip, my grandfather made quite a bit of money by buying and selling fixer up houses
Eh flipping properties...in these times it's way to risky for my taste. In fact I knew a lot of people who got hit hard in 2008 because they were in this industry and the sub-prime fraud-bubble burst.
Socialism likes to present the above arguement. Regarding roads: toll roads seem to work best. Proposals can be presented to voters ; townships can take it from there. Keep the beast of government at it's lowest common denominator.
I would really like to go off the grid one day but property taxes are the one thing that discourages me from trying. Even if someone becomes 100% self sufficient and lived entirely off the land they would still need income for property taxes. my mom owns a nice piece of property - when my parents bought it in 1972 it was in a completely rural area and it was cheap and taxes were low. Now it is surrounded by million dollar houses and upscale subdivisions. The property taxes went through the roof several years ago. My whole family chips in every year to make sure my mom doesn't lose her house. My parents worked their asses off to pay off their house and built a life there for 40 years now...its bullshit that it can just be taken away if we can't come up with the taxes one year.
Here's what I'd like to know and what has bothered me for quite some time now. (this isn't about a property tax BUT it kinda is about that, if anyone can understand what I'm going to tell about and ask about in this post...)... I have lived in many different counties and townships and have never once had this particular tax given to me before. Ever since we moved over here a couple years ago- and we do not own where we live...we rent.. we get something sent in the mail every year for "school taxes", which I heard (that around here anyway- it could be different in other places... I'm really not sure how it works most places), but regardless my husband and I both separately get a bill for "the town we live in's school taxes"... now, here's what I'm not understanding...yes, I know this is a very local tax and locally places tax in diff ways for diff things... but why am I getting this $50 a year SCHOOL TAX for our town when A- We do not own a house B- I have not worked outside the house any of these years I've been sent this tax (I'm a stay at home mom. And yes, my husband, who does work, gets a SEPERATE tax bill. I get my own)... and C- I do not have any children that are in school. Anyone have any idea? Should I even be receiving this tax? I never heard of such a thing anywhere else I lived before and it just does not seem right.
While we no longer use the gold standard, isn't it curious that as I posted previously, the house I grew up in is currently assessed an annual property tax which is slightly higher than the purchase price of the house, AND the current assessed value of the houseon which the property tax is based is the equivalent of the same weight of gold when converting the dollar value of the original purchase value and current dollar value into gold at the original market price of gold and todays market price of gold?