As long as there is anything such as a “Property Tax” your home is not yours but belongs to the government taxing body. If you don’t believe me try not paying your taxes and see.
I was explaining that to one of my teenagers just yesterday.
The measure failed.
“As long as there is anything such as a “Property Tax†your home is not yours but belongs to the government taxing body. If you don’t believe me try not paying your taxes and see.”
Worse yet, the propertyt tax is mostly paying for things that are totally unrelated to property. Schools should not be funded by property ownership for openers. Here in California it was these school taxes being shouldered by property owners that fostered Proposition 13. Prop 13 has forced the RAT State Government to take on a much larger portion the costs of education and they really don’t like it. And it has also caused a huge disparity in property tax bills owing to the fact that Prop 13 caps annual increases to 2% (of the tax bill). So here we sit in a 4,000sf home that’s a whole lot bigger than we need, but that’s “cheap” taxwise, so we don’t intend to move. The house across the street just sold for the 4th time since it was build in 1983. The new owner’s taxes are 3x ours because the sale allows the property to be reassessed at it’s new value based on it’s sale price. And the real bitch is that a huge percentage of the increase in home values is simply inflation, so the government is making money off of it in this instance.