Property tax is the most evil tax of our time.
Long ago, it used to be that wealth was strongly tied to the land. People of that time weren't charged so much a tax on land, but a tax on what they raised on that land. Ten percent of what you raised/grew that year.
Today, only a very few people actually use their land to produce wealth, but we are still charged a tax as if we do.
Even worse, we are taxed the same whether we had a good crop or a bad crop or even if we were unable to sell any of it.
Property tax today is a tax on living. If you are breathing and not living under a bridge, you owe the govern-cement money. Think about that. You want to stay warm and dry, so you have to pay the govern-cement rent each year or they will kick you out on the street.
Even worse, the cost of housing goes up every year. And the govern-cements are quick to capitalize on this and raise everyone's property tax. And this just squeezes everyone a little more. But, what is truly evil about this is that this rise in housing cost is almost entirely the fault of the banks. (Remember, our govern-cement is just an extension of the central bank)
When banks went from 5 year loans, to 15 year loans, to 30 year loans each step made the price of houses go up. Every time they lowered the interest rate, the price of houses went up. And each time the lowered the down payment requirement, the price of houses went up. All the baby boomers thought it was great, the houses they bought for a low price, are now worth 100s of times more. What's not to like? Except that pesky property tax went up a 100 times too. (and the millenial generation is now almost completely priced out of home ownership.)
The beginning of property tax in america is even worse. While we were all fighting for our freedom from taxation, a faction of what would become The US govern-cement was urging states to adopt a property tax. So, many soldiers who fought the British returned home to find their homes being foreclosed on due to having not paid their property taxes.
To sum up, property taxes would be an appropriate tax if the govern-cement accepted as payment part of what we produced on that property. But today, it is just a tax on having a comfortable place to sleep.
Yep it's disgraceful that your real property is NEVER actually paid off- that's because the Queen of England owns it- you don't pay the leasing taxes and they come and take it away and sell it to someone that will. For those who think that's an absurd notion go study history- start with keyword 'The Virginia Company' and maybe 'The London Company' - the United States was an investment that has paid the British Crown handsome rewards for CENTURIES.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The tax on home equity is incredibly confiscatory where I live (Texas). In my county if you own a $300,000 house and have 20% equity ($60K), your taxes can be as much as $9k a year. That amounts to a 15% tax on your home equity. A fifteen percent tax on an asset-a penalty for simply owning something. And God forbid if you want to fix up your house or add an addition--there is a built-in penalty. Your taxes will go up. And of course, if you do not pay, the tax collector will eventually show up at your house with guns to drive you out. So, who owns the house, exactly? And they call the US a free country . . . .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow thats crazy lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Taxation is nothing more or less than another word for theft and robbery.
All taxation is evil, but I couldn't agree more that taxing and ultimately stealing the home where you live is a particularly egregious manifestation of that evil.
The state is an evil beast and ought to be universally despised.
😄😇😄
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The strength of your property rights can be rated by how high your property tax is. Chile has the strongest property rights of any economically strong country. If you farm your land you pay zero property tax in Chile. Idaho and Montana have low property tax if it is over 20 acres and is in farm or timber status.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Property tax in San Diego is SUPER HIGH! It has stopped me at this point from looking for a house in San Diego County. Its a shame. On a .5M home, its $450.00 per month...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree. And for the most part, the property taxes stayed high even when property values fell.
See my previous post about my thoughts on future property values.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
dude... while i do not agree with most of our government's taxes and fees, i got to say you are way off base on property taxes for the most part. I'm sure there are some places in the country where the property taxes are higher than average, but they're still relatively low in accordance to other taxes out there.. sales taxes average about 7.8% across the nation, Property taxes in general run about 1.78% on average across the country.. i mean hell man, if you can afford to buy that million dollar home, paying 10-17k in property tax is cake.... but lets just go with the avg. median home price which is somewhere around 180K , even if the tax was high @2% it would only be 3600 a yr. still low compared to the tax you would pay for buying a 180k sportscar@ 7% sales tax... sure if you extend the 2% out over say fourty years then it looks like a lot.... but that is simply the price of being a land owner, you have to pay those property taxes for things like : fire and rescue, police, education, road improvements, parks and recreation, public libraries, etc.. there are a lot of things that property tax goes to pay for. if you don't like it, then don't become a land owner, rent from a land owner instead....i'm sure he won't mind paying those taxes ,lol...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Taxation is theft.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
On property tax, there is no such things as "being a land owner", you pay property tax if you have a comfortable place to sleep. If you pay rent, you pay the property tax indirectly.
And the prices you stated are equivalent to two months rent/mortgage.
It is not cheap by any means.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
being that you can directly will the land to your descendant i will consider that ownership... and i said cheap in relation to other forms of taxation... such as sales, income, etc... and let me see if i understand this correctly, so basically you are bitching about something you pay, regardless of ownership or renting.....and you cannot change?? sounds like the best way to offset those taxes is to make the land pay for itself....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tax on production may be a bit more palatable, but it is still extortion. It still means a person does not own the means of production.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, I agree, taxes are theft.
I am just pointing out that the oldest of the taxes, the one most people just accept, is now:
you are taxed on a place to sleep.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agreed. I hope to see a concerted effort to abolish property taxes. The way police and schools are going, it seems like a good time to start selling the idea.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree. In this day and age it almost seems better just to rent then to pay $4,000 in taxes for a year and have the responsibility of Maintenance of your home.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
To make it even worse over 50% in our area goes to the public indoctrination system. Our house is paid off but we are paying $350/"rent".
Not to deride them but the tiny house movement is probably going to end up as the only house younger people can buy. And even then they will probably pay high property tax.
SDG
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very informative post..
good work..!
upvoted and followed
m new to steem it, do give a visit to my account if possible..!
have nice day..!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for visiting.
I tend to look into all who I interact with.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
All taxes are EVIL.
No need to order them.
Just abolish them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for sharing. Are you familiar with Allodial title? Could be a tool that empowers many landowners. Check it out: https://en.wikipedia.org/wiki/Allodial_title
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, I am familiar with Allodial title. In The USSA currently, if you want allodial title to property, you get to choose from a postage stamp set of areas. Most I have seen basically are, you put up a bond that will pay all your future property tax.
I feel all land should be allodial.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting to know. What are the areas? It should be all of Earth!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Amen to that! I live and own a rental properties in FL. Our market has been rising last 5 years and so have my taxes. Yeah, the value of my property may be up but I don't have access to that money until I sell it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This basically means that when you are broke you may not have a house, right? I mean you might have saved for it all your life and then got off-grid and organic garden style. But when the tax man rings you have to pack your bags and find a bench in some park. Not cool.
You are being followed by a coin puppet!
Please follow it back ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, it is not cool.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post.
I'm only going to comment on the very last sentence, a lot of people are paying taxes on houses that aren't even that comfortable to sleep in.
America is becoming a nation of renters and the poor schmuck homeowners who bought on the last run-up in housing prices and actually live in the houses they bought, can't afford to keep them in good repair.
I turned over the keys to our house to the bank on Christmas Eve 2012 so I know of that which I speak of.
I could write a lot but I'm tired out from already having written several other thought-provoking and witty comments.
Sorry, I'll try to give you an earlier comment next time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh the horror stories. Me too.
Well, the good thing is that I know a lot more about the legal, and banking systems.
But what an expensive lesson.
I look forward to your next comments.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, I am more rested today. ;-)
Keep putting the truth out there.
Sometimes it feels like it falls on deaf ears but it only takes helping one person to make a difference.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Our property taxes seem to be based on the needs of the local and state government for income. They go up every year. For a while housing values were going down so they did lower our rate. I'm looking forward to property values dropping, just so the taxes will go down.
Government, so dependent on the people, and vice versa.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
May I congratulate you an excellent post! I could have not said it any better. I do not receive any extraordinary benefits after paying my taxes. As a matter of fact residents are leaving my city in droves. Meanwhile the doors are wide open to people who will never be able to contribute to the economy. Therefore the burden is greater for those who remain.
My city is full of potholes, abandoned businesses, and boarded up homes. And don't even get me started on the lousy school district. School taxes are through the roof but yet they are financially deficient due to mismanagement. And those of us who have never used that dysfunctional system are forced to bear the burden. Someone may say move... but where to??? Our 'great' country does not seem to have anywhere that is much better. UNLESS your are one of the elite.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are correct. The whole thing is sick. If I buy a new dishwasher my assessed valuation goes up, so I pay more property tax. Learning how all this works has been one of the most disappointing aspects of growing up.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep. And then finding out mortgage literally means death note. And you think, what have I gotten myself into?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've got one more for you. I think property taxes are being used to hold school segregation in place. I just wrote a post about it, and this is a shameless plug. It's 100% on topic, and I would think your readers would have interest, as well. https://steemit.com/property-taxes/@redbluetalk/school-bonds-are-failing-all-of-us
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tax is the most evil tax of our time. We are allowing ourselves to be ruled by thieves, robbers and murderers.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, evil thieves, robbers and murders (and most likely pedos)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Technically taxation is worse than theft, because a thief takes your property and leaves. Government steals from you and uses the proceeds to hire thugs to steal even more, and hold you down while they do it, and cage or kill anyone who resists.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit