Posted on 07/05/2025 9:55:28 AM PDT by Racketeer
BREAKING: President Trump says he wants no more property taxes across the United States.
I think it’s past time for renters to pay their ‘fair’ share.
I posted this earlier:
income and property tax caps in the state and federal constitutions to protect the middle class are needed.
Let the Democrats in Congress vote against such proposed constitutional amendments.
The mid terms may have a very atypical outcome.
But...but...but... that will make it impossible for the thieves in government to steal our property!
“...Blame thing and the parliamentarian..”
That unelected senate “parlimentarian” is a woke liberal female who took it upon herself to just “delete” many of the things that our elected officials put into that bill. That beotch had no right to do that and should have been fired on Day 1 of this adminstration. The Senate Majority Leader is the one where the “buck stops” regarding that liberal beotch.
[from long ago]
My Suggestion for Residential Real Property Taxation Reform
Currently residential real estate is predominantly taxed based on its estimated market value.
Ad valorum taxation stems from the colonial era when an acre of land far from the Atlantic Ocean was worth less than an acre of land near the Atlantic Ocean. Ad valorum taxation made sense when getting agricultural goods from the hinterlands to coastal city markets was very difficult and expensive.
In 2021, ad valorum taxation creates a great incentive for local governments and others to make residential real estate very expensive. This is clearest in California, where it may cost $700,000 to add a new apartment to the housing stock in San Francisco. When housing becomes prohibitively expensive, massive homeless problems result. Ad valorum taxation creates a lot of misery.
I feel that the taxation of a residential property should be roughly proportional to the governmental costs of the services likely to be provided to its residents.
What I propose is to tax residential property primarily based on the square root of its enclosed space in square feet.
A 700 square foot apartment would be assessed at 26.45 tax units, a 1,400 square foot split-level house at 37.42 tax units and a 3.500 square foot mansion at 59.16 tax units.
The square footage would be measured based on the ground level foundation/slab perimeter of the structure for ease of tax assessor access and calculation.
A 4,000 square foot Capitol Hill townhouse having a 1,000 square foot basement apartment and 3,000 square foot owners’ space would be taxed based on each housing unit, 31.62 tax units and 54.77 tax units, respectively.
A 12,000 square foot apartment building with 12 apartments of various sizes would be taxed on its average unit size, i.e. at 12x31.62 tax units.
Balconies and partially enclosed areas such as carports would be taxed based on one-fourth of their square footage and other unheated/unfinished enclosed areas such as garages and cellars based on one-half their square footage, which may be calculated from building plans.
Enclosed areas would be measured internally and 75% and 50% reductions subtracted from the total square footage.
The public road-fronting footage of the property would be taxed as well at .02 tax units per linear foot, doubled on the first 100. If the property within a subdivision doesn’t front on a public road, the public road frontage shall be apportioned to all the properties in the subdivision at least 50% within the taxing jurisdiction.
The calculations of a tax assessor accurate to within one tax unit overall shall be definitive.
Bingo! That this thread has any bulk on Free Republic is disappointing if not embarrassing.
It appears to be a bogus post on X.
"BREAKING: President Trump says he wants no more property taxes across the United States."
That's it, no quotes, no anything.
“..get this passed...”
By Constitutional amendment?
Because that would se to be the only mechanism that would bind the states.
My understanding is that with the BBB the deduction will be so large that most seniors won’t pay any tax on their SS.
I don’t recall the reason why, but apparently they couldn’t legislate eliminating the tax altogether.>>>I read the finance section, It’s an additional $6,000 deduction.
I proposed this for a possible constitutional amendment in the past:
Levies on any residential property of less than 2799 square feet of finished living space shall be no higher than the 2019 dollar amounts for the property, or for a newer or since resold property no higher than what it would have been levied at for 2019 if it lacked owner specific tax breaks, increased by 3% per calendar year since 2019 and by any percentage increase to its finished living space.
THAT IS THE SAME SCENARIO EVERY WHERE
I like that
And before the election I proposed:
Federal taxation on personal income shall be capped as follows:
below 20% of the median federal full-time civilian employee compensation amount, 10%,
below 50% of the median federal full-time civilian employee compensation amount, 22%,
below the median federal full-time civilian employee compensation amount, 30%,
below the average federal full-time civilian employee compensation of the 100,000 largest recipients, 35%,
below the average federal full-time civilian employee compensation of the 10,000 largest recipients, 40%.
Note 1: All percentages to include employee FICA and self-employment tax as they are income taxes.
Note 2: These are very close to the combined (1040 + employee FICA & Medicare) personal income tax rates now levied.
Note 3: Anything that the IRS would as of January 1, 2024 legally be able to collect income tax on if provided to any person would be considered compensation.
I noted at the time:
Fighting now in Congress to send middle-class income and property taxation cap constitutional amendments to the states would add the electors of several deep blue states to Trump’s total and make Congress turn deep red come November.
I’ve always been a proponent of a sales tax as it will force politicians to focus on keeping the economy humming.
To be replaced with tariff income?
The Fourth Amendment bars the government from unreasonable search and seizure of an individual or their private property.
It is unreasonable to tax a person into losing their home.
My suggestion is to limit property taxes to a certain amount of years or perhaps a cumulative total related to a percentage of the property value at purchase. Once that is reached, no more taxes.
I do believe the states should lead on this, but there is a valid 4th amendment consideration IMHO.
Love,
O2
In three years a Rat or RINO will likely end it anyway. Disappointed.
“ Good luck. Local issue.”
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Correctamundo. Sometimes it’s best to STAY IN YOUR LANE. President Trump is doing great at the federal level. He needs to focus on a massive acceleration of deportations of illegal aliens…. ALL illegal aliens. Just IMHO, of course.
“Property taxes are NOT a federal issue.”
The amount of chicken your family eats is a federal issue according to a WW2 Supreme Court decision.
Have a ‘cold one’ was a big federal issue.
“Once you’ve bought your house, it belongs to you, period.”
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Is should, but it never really does because if you don’t keep endlessly paying property taxes the state can take you home from you.
A case could also be made that seniors shouldn’t have to pay property taxes because they don’t have kids in public schools anymore.
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