especially when its based on a tax appraisal, and not sale price. its a tax on "unrealized capital gains", but its not even a tradeable asset (need a residence)
@@tigerstallion Unfortunately, in California your sale price is the basis for the tax assessor's appraisal and then it just keeps increasing every year thereafter.
@@FoundationForFamilyFreedom I know there is for non relative because I know someone who paid $40,000 on a modest home 🥴 I’m pretty sure there is for relative too because a friend’s husband passed and she just had to leave the house and property in his name but this was about 10? Years ago
Property tax is one of the most communist features of our allegedly non-communist government. What could possibly be more ANTI-private property than a PROPERTY TAX ??
I feel as though it's only theft if you don't agree to it or are not a part of the society that we all pay for. I absolutely believe that you should be able to opt out... But I think if you do you absolutely shouldn't receive the benefits either. Countries are ultimately a community, and will collapse without everyone's contribution.
All taxation is theft because it is demanded under threat of force and nit voluntary. It is a claim on another human's labor against their will, aka slavery. If you want to support the violence and thievery inherent in the existence of every government to get what you want at others' expense, be honest with yourself and admit you want slaves to do your bidding just like every other petty tyrant ever.
@@serenitycox217 Countries are forced communities by coercive means. A force family dinner doesn't end well typically, but everyone's greatfull when it's over. Edit: joined great full together.
Property tax violates ownership rights. Why do you have to pay tax to keep what you have already paid for? A community tax and/or local income tax can handle local public concerns.
The constitution doesn’t even exist any more. Politicians have violated every amendment a hundred times over. We tolerate it because we are fat and happy.
@@maxscott3349 It wouldn't be any different for businesses, bc they are already charging sales tax, it's simply a change in the percentage they calculate in the sales of their goods and services. I own a service business, and there is no taxation on the service in PA. They could get bunches more money, and put it towards eliminating property tax...
The biggest problem in getting rid of property taxes is that many states have tied their educational support based on property taxes. They created this dependency on this system. The problem with property taxes is that you never really “own” your property.
There is massive fraud involving schools, bonds, pensions, appraisals. The taxes on property, especially primary residence is fraud and it's going to crash out people's pensions if not solved. Do we want schools at the expense of tons of homeless who worked, paid the house off, but happen to live in over-appraised areas? The schools are literally going to crash out the American economy if the property tax problem isn't solved. The issue is probably, going to end up at the Supreme Court as a RICO and Chevron deference case if states don't hurry and get off property tax addiction and fraud.
Property taxes are the most descriminating taxes against people who don't have a lot of money or income. High propterty taxes keep certain people out of certain neighborhoods because even if you can buy the property, you can't pay the annual fee for owning it.
That’s true. On the flip, some of us wouldn’t want to live in those certain neighborhoods anyway. I don’t want to live around a bunch of hall monitors named “Biff” and “Edmund” who hang out at the Country Club driving $100k+ vehicles and pay illegals to take care of their yards.
As a first step, what if property taxes are eliminated only for the primary residence of HOUSEHOLDS. CORPORATIONS should probably continue paying Property taxes because they generate income to support their business.
Thank you so much! Property taxes are nothing but extortion. There is no appropriate age at which to be extorted and the need for the money can never justify extortion. Thanks again and have a great day.
Dont expect certain levels of programs. It never changes because people demand programs funded by the taxes. Stop demanding people go to public school, stop state funded trash pick up, reduce zoning enforcement, stop believing in public works projects and eliminating taxes will be a lot easier. Unfortunately too many people want it both ways. Which cannot work
Most of your property taxes goes to the schools. People who do not have kids in school should have never had to pay for this. They should get rid of capital gains taxes as well.
Generally speaking, people who do not have kids went to school themselves. That is what they are paying for. It takes more than 12 years of taxes to pay for 12 years of public schooling.
It's a perpetual treadmill we are all on. Can't make money you lose your house and end up homeless. Therefore you MUST make money, therefore you MUST participate in the economy. You can't just buy a house with land and grow your own food. You HAVE to get a car, you HAVE to work, you HAVE to make money to pay property tax.
Thank you! I agree. I worked yard for years to buy my house. I paid it with post taxed money, and now I am paying more taxes. The annual taxes have more than doubled since I bought the home 17 years ago.
We have a government spending problem. There's plenty of money to go around. We just need to turn the fat. Nothing survives without evolving and government hasn't been cleaned up in a long time.
@@servusvero So is that what you're hoping for? Maybe you won't have to go to work if everybody quits, right! So who's going to pay to feed you, house you, cloth you, cover your medical expenses, cart you around... Now we don't need to worry about that education because it'll just give you some stupid ideas. People who work, pay for all this stuff that you enjoy. What are you going to do if they quit or get let go of. Who's going to pay their and your bills??? Who's left to cover people in dire straits who truly need help. Like the people in the hurricane zone.
@@chasl3645 again until jobs pay for basics and housing then there is no reason to do anything, just take from the system as much as you can and be homeless, until this changes nothing will, i barely eat and starving is something im used to do, i wont live forever and life is unaffordable the sooner everything falls apart the better
I agree with that completely. You should end property taxes since most were put into place as a temporary tax because of the Great Depression or as a substitute for sales tax.
And working parents. We purchase so we can have stable housing costs…but it turns out it’s more expensive to own - mortgage goes up every year AND we’re on the hook for repairs.
And working parents. We purchase so we can have stable housing costs…but it turns out it’s more expensive to own - mortgage goes up every year AND we’re on the hook for repairs.
And working parents. We purchase so we can have stable housing costs…but it turns out it’s more expensive to own - mortgage goes up every year AND we’re on the hook for repairs.
While "States are doing studies" "reviewing proposals" PEOPLE ARE LOSING THEIR CHILDHOOD AND ONLY HOMES DUE to the egregious abuse of property taxes through over tax assessments of their homes. There is a very well versed attorney/accountant Mr. Mitch Vexler in Texas who has a movement with petition and has filed court cases to rid property taxes. He hopes to take it to Supreme Court. Many States have had a surplus budget for multiple years. Did anyone who pays Real Estate Property taxes get a large reduction in their property taxes? We think not. Shame Shame on Every State municipality that is grossly fleecing the Elderly, Veterans, Retirees and Homeowners with egregious Real Estate Property tax bills! Where are the State representatives to put a stop to this madness??!! People ARE losing their homes. WHY SHOULD homeowners have to pay ridiculously high property taxes to compensate for commercial buildings not paying their property taxes!!! The municipalities MADE the BAD investments and allowances to those businesses NOT the Homeowners!!! How can these crooked tax assessors be allowed to overvalue someone's property by hundreds of thousands of dollars, when they are not investors and those homes are their only homes. NOT ALL States have HOMESTEAD, not sure WHY??? But Why should an elderly person, over 60 years old, only on Social Security/Pension, who only has one residence, be charged $28,000k per year for their home! Anyone 60 years of age or older should not have to pay property taxes at all for their homes as that is their only residence. Property Taxes, HOA Fees, Condo Fees, Overpriced homes, are making hard working taxpayers lose their only property (Home, Condo). How can it be legal to suddenly raise Condo fees by 40%. How can it be legal to raise HOA Fees by 50%. Many areas are becoming like Detroit and Mississippi - desolate and empty as the working class is continuously fleeced. The vile tax assessors are getting multi-year promotions using Taxpayer dollars because these tax assessors ARE Overvaluing people's properties to bring in money to the municipalities. They don't care that people end up homeless (many veterans and elderly) or their home comes into foreclosure because they had to borrow against equity and credit cards to try and pay their property taxes or HOA or Condo fees. Any representative in office who has an issue with keeping the elderly from losing their home should be shamed. Where are the State representatives to put a stop to this madness?!
@@TiYvM2 I don't know either but you can snap a picture with your phone camera then print it out and give to your neighbor. Hope it goes well for them.
North Dakota and Michigan have upcoming bills that will be voted on soon and Florida is doing a study on it. The title of this vid is slightly clickbait.
When you buy your car, if you don't renew the license plates, you don't lose your car. If you drive with expired plates, there's a fine, but you don't lose your car. I always vote no on all bonds to improve schools, parks, etc. Better budgeting by governments to pay for things or don't do it.
Yes, they charge a non operation fee just for your car to sit on your property and rot away. Don’t pay that fee and they’ll add penalties and next thing you know 1 unpaid year will cost you $5,000 to renew your registration.
Taxing home owners is unfair and it is Taxing unrealized gains that if the market crashed and your house is worth less, you don't get any refunds on all the tax you paid on a made up number that you didn't benefit from. Homeowners are not the only ones that use the roads why do they have to pay for them? Some homeowners have no children using the public schools, why do they have to pay for something they get no value from? It's BS and we went to war over a tax on tea. This is worse. I can see paying tax once but every year? On something you already bought and paid tax on? It's BS.
Private schools don't spend millions and millions on football stadiums and other bs. My Texas district spent 1 million on a new score board a few years ago. Insane. My wife is a teacher and our district spends about million each year bringing in consultants and buying education programs on whatever the popular teaching theory is that year. So much waste.
I recently learned that for each student the gov gets about $30k and for handicapped even more. This is one of the reasons that Kamala prosecuted the truancy laws in CA. So much so that she even prosecuted and jailed a mother whose daughter had Sickle Cell and had no choice but to stay home. Cheree Peoples. Look her up. She spent 3 years fighting the charges and went homeless because of it.
I really appreciate your hard work and research on this subject. I research all day long but I don't have much time to work on this subject even though I really should. Therefore , people like you who come in and fill in the gaps are incredibly helpful and appreciated. Thank you so very much!!!
@@ldygzlle1291 I have been watching Hunger Games clips lately. I love when Fennick says to Katniss, "Remember who the real enemy is." The disdain they have for boomers is not organic. The ruling oligarchs feed division to keep us distracted and blaming each other. I want to tell them we are on the same side.
@@darlacox The “ruling oligarchs “ are the number one problem for America. But they are successful at distracting us and dividing us. The last politician I remember who spoke about this was Bernie Sanders.
You are exactly right about the cost vs the quality of education between the church schools and public schools. This is why I’m in favor of vouchers for every student to choose the school they want to attend, to include homeschooling. I think public schools would be forced to actually educate their students or close. Offering a quality education should be a given in our rich country but sadly that’s not the case currently. Accountability and taking responsibility is key. I enjoy your informative videos, you’re a credit to your parent and to yourself. Your thoughtfulness and maturity is commendable. God bless you until next time. ❤ from Indiana
I'm just concerned that with gov money comes gov control. We want to stay free to teach our kids without the government telling us what we have to teach.
No one can make improvements to their home or property without having property taxes reassessed and raised. So you get taxed on the labor and materials used for the improvement and then the improved property also gets a higher tax. So you get taxed twice on any improvement due to your home or property.
Here in Santa Fe, the revenuers are using Google Earth Pro to look back in time at satellite photos and compare them with recent images to see whose property has changed. They use an algorithm to find the changes then they look up each changed property to see if the owner informed them about the "increased value" and if not, the entire property gets reassessed at today's market value. And, they are so proud of their scheme that they announced it in their "pat on the back" yearly newsletter!
Happy Dance 💃 I subscribed! 😊 Brilliant video by a beautiful alert well-spoken young lady! Thx for enlightening all of us. Taxes on property is insane! The other big misleading lie is the money does NOT go to schools, police, roads, etc. It goes somewhere. Follow the money if anyone can and expose the truth…
You shouldnt be taxed for food. Only candy and pop items. Ive worked in grocery stores and regular food was never taxed. But alot falls under the candy pop tax too.
Thanks so much for this insight and point of view. I never thought about the possibility of property taxes being eliminated. It makes so much sense though…No one should lose their home because the taxes are not paid…especially if there is no mortgage. I think I’m on board with this idea.
Excellent discussion. Thank you. I have been suggesting this for years. I would love to see the elimination of property tax for,the reason you discuss here.
Strange how I happened across this today. I’ve been in a correspondence exchange with my local Property Appraisers office concerning this very subject. Particularly the multiple school tax assessments. Governments appetite to spend our money for, in many cases who knows what, is insatiable and all they have to do is pass new milage rates within the statute guidelines. Anyway I realize they are just administrators following state laws, well sort of, so it’s our state legislature and governor that need to hear from we the people. I’m requesting the county budget line item by line item that comprises the tax and therefore mils, applicable statutes and their written policy as a start. Im well into my retirement years and this theft must stop! I was still paying my mother’s tax in her 90’s. You think she could have lived a better life without that burden? Yet as you say. Don’t pay and they confiscate your property and sell it. After working hard your whole life, paying your mortgage and insurance and the government can do that to you?
Go over to Real Estate Mindset and watch the videos on property tax fraud and schools. They are setting up free help to protest your tax appraisals. One of them is suing, probably, up to Supreme court. They are in Texas, but their issues apply nation wide.
This is great news! I have friends from Finland. They do not have property taxes on their primary residence. I told them how we can lose our home due to tax delinquency and they said, no wonder the US has a homeless problem.
If you pay cash for a home or property, you should have no tax! If making payments, once you make the necessary payments, you should have no tax. If you own property, you should not be made to pay more tax just because you put a home on it!
I am now a senior, and it's a matter of time before I sell my house because I cannot afford the property taxes and insurance in retirement. My property taxes have doubled since 2000 as property values more than doubled. I tried appealing this based on the repairs needed (I bought a fixer-upper). The men in the taxation dept said they didn't care about the house's value; it was the value of the land. My house insurance tripled in 4 years--no claims, not in a high-risk area. My car insurance doubled; I work from home, seldom drive, have no claims, etc. I sold the house I had before because the property taxes went from $4900/year to $12K/year in 8 years. I had no luck appealing those increases either. What are the taxing agencies doing with the money? Plus, I pay 8.25% sales tax. How will local governments get their money if not from property taxes? Governments get you one way or another. Recently, I voted against a bunch of bonds. It was explained to me that the bonds would be repaid by increasing property taxes sometime in the future.
That would be great, my Family has been taxed out of property, my uncle was forced to sell land when Disney had towns increase property taxes so he was forced to sell and Disney was able to get it for next to nothing. My fixed income mother was forced out of her home because she had to choose between food and taxes!
As a senior I struggle to pay property taxes and worry that I will lose what I have if I end up in nursery home, as all income goes to the nursery home except 60 dollars a month. Every year the “value” goes up which means the tax goes up, along with home insurances along with living expenses
I wish they eliminated property tax in the country I am from either and they should eliminate other taxes too because now everything is being taxed, even taxes are being taxed, the use of well on private properties are being taxed, the water from those wells is being taxed, and we also have capital gain tax and 150 other types of taxes while the whole country is turning into third world country that has been colonized by banks and multinational corporations who are actually getting tax cuts from the government and these big corps then take all of their profit out of the country. and this is what we call capitalism, right?
They're taxing well water? It takes electricity to run the pump, so, it already costs to operate the well, and the power is usually, taxed. So, that's a tax on tax, not to mention well owners pay for their own repairs, not the government. Isn't water a basic essential of life, same as breathing? People die in less time without water than without food. My opinion is that the water in most of The U.S. isn't safe to drink, and it should be free by now and all cities should offer free potable water. Is this the era of science and technology or not? We got AI? We can live without that. Not water. Aren't there volunteers that go to other countries to dig wells so people have free safe water? But we tax it here.....I can't bear knowing some places do this....
@@rosafalls8068 I wanna correct myself. As of now, there is no such thing as well tax but the government has been planning to implement one, and we all no what that means. Drilling wells need to be permitted which involves a fee. This country, Hungary, has the most types of taxes in Europe and by the way non of the countries are doing well. Not long ago in the 60s, 70s, the use of water was free and the irony of all is that since the country is located in a geological basin, there is a large volume of groundwater that could provide for everybody but it has not been utilized. Governments could not care less, they are just talk, no action. Both of them the former communist parties, their offshoots and the so called right side. Water in Hungary is still good quality but who knows what they put into that. There is enough water on this planet to provide even for 10 billion people. The only thing that is needed for water treatment to be potable is energy but the u.s has enough energy, she just has to be a bit more independent. Everything is about energy and I know there is free energy but it has been suppressed, but hopefully within the next decade or 20 years we'll be given access to that but change has to come now. Yes, we have all of this technology and AI but our living condition are getting worse and worse and the western world is turning into a big slum. Maybe, Florida is still ok..
I am 55 yo, can't get a job anywhere due to chronic physical problems. Meaning no where I've applied has gotten back to me at all. I bought my current home with cash after selling my parent's home after they passed due to its neglected condition and the property tax was sky high for that area. Now I'm constantly stressed about losing my current home if i can't find a way to make money to keep up my bills and property tax once my buffer money runs out.. Its a scary situation to be in..
I agree that property tax on your home should be eliminated, but the government is greedy and MUST get that money from somewhere. Look to income or investment taxes, etc. In Italy, your first house is not taxed because a person has the right to OWN their home. With never ending taxes, it's never paid off, and the government can't wait to confiscate it, and sell if off to Blackrock, vanguard or state street.
I would like to add that if a person loses their home for unpaid property tax your house wiil be sold to pay the taxes owed. Any amount over the tax that was owed belongs to the person who lost their home. Most people don't know this and therefore don't claim the money owed to them
Property taxes are killing me here in Cook County Illinois. I will have to leave my paid for house just because I won't be able to afford Property Taxes when I retire
I do believe this is a good thing to advocate for. Though I have to say that I really feel like this is something that could come back to bite us if not enacted with great consideration. For instance I don't believe that this would have the desired effect if not paired with a limit to the amount of property one could own. That would leave too much room for the wealthy to buy as much as they want, without there ever being a legal way for the government to keep that in check. Also I strongly feel as though companies and corporations should be exempt from this relief, as they are presumably never going to have to worry about not receiving enough income, and if that does happen they will likely move elsewhere anyway. But I do completely agree that we (the people) should absolutely only have to _buy_ something once.
And get this when a department does not spend the money they have been allocated according to their budget they risk losing it for the following year, that is why they make sure to spend all of it in the year they were given it and then they ask for more the following year. That is why you’ll see them spend on things they don’t even need. It’s insane. That’s for Hillsborough County Fl.
And we can't even get the brand new houses finished or up to code either...not to mention have the ability to afford to stay in them, let alone fix the structural faulty builds or bad appliance installs or water leaking walls.
My paid off home was stolen from me by Summit county, Ohio. I had a family tragedy involving my children. They even stole a payment I’d made but they never applied to my bill. Anyway. I was an RN, working 12.5 hour night shifts, sacrificing my children’s lives to live life and pay all my bills for years and years. Don’t let it be you.
Yeah right lol. I live in Texas and it will never happen. My taxes (and fake hypothetical Property valuation) go up every year….as a result, so do insurance costs. This means I pay significantly more for housing every single year even though I bought a home to keep me out of this situation. Might as well rent and have no repair bills.
Back in 1994, Michigan lowered property taxes and increased their state sales tax from 4% to 6%. There’s the trade off. School funding was tied to property taxes pre-1994 and therefore more local government control was maintained (or squandered based on one’s perspective). After 1994, education authority was consolidated at the state gov’t level. I’m guessing in terms of real dollars, it was a wash for the average property owner. For renters, this was clearly a loss.
I would love to know if any states are seriously considering it. Hawaii has the lowest rate. CA's rate is not worse than most states; our property values kill us. ~1.2%/yr means you pay about $1 tax per month for every $1000. The median house price right now in CA is about $900k. So, unless you have been in it a while and have some Prop 13 protection, your taxes are about $900 per month!
Great info and video! Keep up the good work! Here in Montgomery county MD they just raised my house accessed value 40%! Hence the tax bill too. I’m retired. My social security surely didn’t go up that much. So now I have to increase my income or cut costs to cover this increase. The county wants to create more affordable housing. How is that possible when increasing everyone’s property tax! Get rid of it or adjust the tax for fairness.
In my state, most of your property tax goes to the school. It might decrease our property tax by 25%. I think once you become disabled or retired, so shouldn’t have to pay property tax at all. You’ve already been taxed for about 30 years. Taxes will still be too high when you’re on a fixed income.
This is huge because if you own property and there is hyper inflation, your property tax could become some ridiculous figure like $500,000 every year and you will default.
One demographic problem is that property tax measures are also voted on by non property owners. Renters pay property tax trough their rent, homeless pay zero as do most illegal aliens yet they vote.
I believe in ending unfair property taxes. They need to reduce extremely high property taxes to a manageable and fair amount. When property tax is so high it makes poor people pay twice for a property that they have paid fully for. 😎💯💪🏾👍🏾 It's unfair to loose your property that you have paid for, because you have fail to pay some property tax.
People saying "Everyone of all economic backgrounds deserves education" in one breath, and then saying "Only the rich deserve houses, and if you can't afford it, sucks to suck" by supporting property taxes is insanity.
One of the biggest problems is the city/county will not give a balance sheet of where all the money is going. The appraisal is based only on the whim of an appraiser. Sales of homes for an average is not a 'scientific method' of determining appraisal value.
There should be zero taxes on food and some states have that already. Think about it, a family of 5 or more would pay more than a single person because they need more food. There's is something wrong with that equation.
@birgitelisabeth9661 That family of 5 already received a tax break for being a family. If taxes need to be paid, families should pay more, as they require more.
@@birgitelisabeth9661 A family of five would use more of everything. Not just food. It cost around $163,000 to educate a child from kindergarten through 12th grade in an average public school system. If you add extra curricular activities to it that can drive it up by hundreds of dollars a year. You'd have to make a lifetime commitment to a community to repay your lot... I'd get tightening your belt if you have five kids.
Hmmm…Florida’s homestead Save Our Homes tax limitation keeps annual property appraisal increases down to a max of 3% or the annual CPI rate, whichever is lower, for full time Florida Residents. Many seniors who have owned their small condo, townhouse, or house for years pay a very reasonable property tax in the $500 a year range. However, a large party of seniors income is paid for groceries, medicines and medical supplies, medical equipment and other goods and services. Currently groceries are not subject to sales taxes, neither are prescription drugs. Will the sales tax apply to new and used cars, homes, condos? An average small home in Florida is $300,000 so 10% of that is $30,000…What about a new roof? Or insurance? Will these be subject to sales taxes? In my case, a fixed income retired couple, we will pay far more for a 10% sales tax than we do for property taxes. But the devil is in the details, would major purchases like houses and cars be excluded? Will Taxes rebated for low income folks? In principle I agree that property taxes are illegal taxes on unrealized gains and are close to a poll tax that our founders fought against in the American Revolution. Once you own it, it should not be taxed. But what about when you die? I don’t think there should be an estate tax either so families can pass farms, businesses and homes to children without taxation and accumulate inter-generational wealth. We all use already taxed income in the first place to buy a property and to pay off any mortgage, so why should their purchase be taxed again? This does not address the government revenue/expenditure side. A crises is brewing in heavily indebted municipalities because of over spending by these local governments, which issue municipal bonds to pay for new schools, and other needs. The crises is that they spend like the Federal government but without a dollar printing press, so new bond issues act like the dollar printer. But in some (most?) states local governments fail to pay off the older bonds, adding new bond issues to the existing pile, rolling it all over and with higher interest payments owed which will explode carrying costs exponentially. Apparently, many of them fail to pay down the bond debt they owe and residents have no idea that this debt is driving ever higher property taxes. So many questions, very few answers. I applaud your effort to shine a light on this complicated topic that affects everyone.
In NY State, if property tax was eliminated, a lot of the current problems would solve themselves. You have basic houses with $500 a month of property taxes, and often that $500 is the very exact amount of money that people need to live more comfortably.
Annual property taxes should be illegal. One time payment when you buy your property. Nobody in America owns their house or property
@@hi-if7lj I agree!
especially when its based on a tax appraisal, and not sale price. its a tax on "unrealized capital gains", but its not even a tradeable asset (need a residence)
@@tigerstallion Unfortunately, in California your sale price is the basis for the tax assessor's appraisal and then it just keeps increasing every year thereafter.
The same goes for the tax on automobiles.
They are illegal so are income taxes.
Inheritance tax needs to go too. People’s homes have been paid for many times already
If it's in a trust you don't pay inheritance tax...or deal with probate
There is supposedly no inheritance tax up to 5 million.
@@FoundationForFamilyFreedom I know there is for non relative because I know someone who paid $40,000 on a modest home 🥴 I’m pretty sure there is for relative too because a friend’s husband passed and she just had to leave the house and property in his name but this was about 10? Years ago
"Government" legislation is legalized theft.
Fair to me.
We are fighting to get this measure passed in North Dakota!! Pray for us!!
If ND can do it so can everyone I hope.
@@smalljen2040 I'm praying...🙏
It was on the ballot in 2013 and failed by 75%. Hopefully, it has legs this time!!
@@kateruterbories2692 That's crazy. Americans are voting for their own slavery...
Why do people vote for their own enslavement? (!)
The property tax system is a tax on unrealized gains. The system is taxing people out of their homes.
On purpose.
@@chrisstiff2914💯
Basically
No. Gains are taxed at the sale of the house. Property tax is akin to RENTING the property from the government.
@@ContrarianExpatriateno you are taxed on new appraisal value EVERY YEAR! UNREALIZED GAINS.
Of all the taxes, property tax is the most egregious.
Wait for the unrealized gain tax. Your house doubled in value last year. You owe $50k in taxes.
Property tax makes the most sense. The military is to protect land. It doesn't protect us people.
eh, 50% of your income to fund single mothers and the immigrants they love is pretty enraging.
Property tax is legal, lawful, and totally immoral.
Property tax is one of the most communist features of our allegedly non-communist government. What could possibly be more ANTI-private property than a PROPERTY TAX ??
Taxation is Theft so this is a good step in the right direction to a hopeful future!
I feel as though it's only theft if you don't agree to it or are not a part of the society that we all pay for. I absolutely believe that you should be able to opt out... But I think if you do you absolutely shouldn't receive the benefits either. Countries are ultimately a community, and will collapse without everyone's contribution.
All taxation is theft because it is demanded under threat of force and nit voluntary. It is a claim on another human's labor against their will, aka slavery. If you want to support the violence and thievery inherent in the existence of every government to get what you want at others' expense, be honest with yourself and admit you want slaves to do your bidding just like every other petty tyrant ever.
@@serenitycox217 Countries are forced communities by coercive means. A force family dinner doesn't end well typically, but everyone's greatfull when it's over.
Edit: joined great full together.
@serenitycox217 That's not how it works. There is no way out of society. You're in society whether you want to be or not.
No, taxes are payment for the service of government. The issue with property tax is that it makes the government your landlord.
Eliminate and ban property tax
Property tax violates ownership rights. Why do you have to pay tax to keep what you have already paid for? A community tax and/or local income tax can handle local public concerns.
The constitution doesn’t even exist any more. Politicians have violated every amendment a hundred times over. We tolerate it because we are fat and happy.
I'd be happy with everything coming from sales
That shifts all the paperwork on to the businesses that already have to deal with paperwork
@@maxscott3349they will move that onto software and consulting companies to handle. It makes sense
@@maxscott3349 It wouldn't be any different for businesses, bc they are already charging sales tax, it's simply a change in the percentage they calculate in the sales of their goods and services. I own a service business, and there is no taxation on the service in PA. They could get bunches more money, and put it towards eliminating property tax...
The biggest problem in getting rid of property taxes is that many states have tied their educational support based on property taxes.
They created this dependency on this system.
The problem with property taxes is that you never really “own” your property.
fortunately the schools are failing, so we just need a new model for schooling (probably mix of online and community based)
Eliminate public schooling i.e.- all government involvement and tax funded education
There is massive fraud involving schools, bonds, pensions, appraisals. The taxes on property, especially primary residence is fraud and it's going to crash out people's pensions if not solved. Do we want schools at the expense of tons of homeless who worked, paid the house off, but happen to live in over-appraised areas? The schools are literally going to crash out the American economy if the property tax problem isn't solved. The issue is probably, going to end up at the Supreme Court as a RICO and Chevron deference case if states don't hurry and get off property tax addiction and fraud.
@@jimbaxter8488 I don't know if the populace are ready for that, but I'm not not on board lol
Schools should be funded and run by the state and not by individual municipalies which would level the playing field for everybody.
The government never tightens its belt, it's always the citizens who must do without.
The government is more responsible for price gouging than any corporation is
The citizens in the U.S. are the government. Politicians are representatives so whatever evil they do to us we allow because we vote for them.
Best comment I’ve read all day! And it’s the truth.
@@_JimmyBeGoodie get them tf out!!
When the government can assess your property for their tax funds there is a conflict of interest to the tax payer
Property taxes are the most descriminating taxes against people who don't have a lot of money or income. High propterty taxes keep certain people out of certain neighborhoods because even if you can buy the property, you can't pay the annual fee for owning it.
Exactly that is mainly why segregation happens, and artificial price raises of property and taxes.
Many elderly people are pushed out of their paid off homes due to proper taxes, it is simply wrong.
That’s true. On the flip, some of us wouldn’t want to live in those certain neighborhoods anyway. I don’t want to live around a bunch of hall monitors named “Biff” and “Edmund” who hang out at the Country Club driving $100k+ vehicles and pay illegals to take care of their yards.
Yall are laughable...😂😂😂
As a first step, what if property taxes are eliminated only for the primary residence of HOUSEHOLDS. CORPORATIONS should probably continue paying Property taxes because they generate income to support their business.
Thank you so much! Property taxes are nothing but extortion. There is no appropriate age at which to be extorted and the need for the money can never justify extortion. Thanks again and have a great day.
I hope when more states that eliminate property taxes, other states will jump on board. Great topic young lady!
Not NY especially Long Island..Will never happen..How will the teachers get their huge salaries and retirement plans?
It is the only way we ever will truly own our properties! The ability to live off the grid with no property taxes.
Agree. Property taxes is a scam
north dakota is also only one of two states to have a State-Sovereign bank. so smart. every state should have one.
Thanks for the info 🙏 what is the 2nd state?
@@pineconebliss TENNESSE
What is a state sovereign bank?
@@joycewright5386 they keep local money local and out of the greedy hands of the central banks
I 100% agree, but how are we going to get the government to take their greedy grip off of our private property?
Important question, the government grifters are going to fight tooth and nail and they will use our tax dollars to do it.
2A😉
Dont expect certain levels of programs. It never changes because people demand programs funded by the taxes. Stop demanding people go to public school, stop state funded trash pick up, reduce zoning enforcement, stop believing in public works projects and eliminating taxes will be a lot easier. Unfortunately too many people want it both ways. Which cannot work
Agree!!! Also, lets eliminate the Income Tax as well. FAIR TAX !!!!
I thought I heard Trump say he was going to eliminate it. What happened?
@@coachp1389 I think he still will.
@@coachp1389 Trump wants to end Federal Tax on Social Security
Americans are the most overly taxed nation in the world! DC has a snack tax. The only persons eating snacks in DC are children.
INCOME TAX IS VOLUNTARY. READ CRACKING THE CODE
Every state needs to do this 😪🙏
Yes eliminate property tax until then we’ll never own our property .
This should be on our voter ballots .
When you turn 65
Most of your property taxes goes to the schools. People who do not have kids in school should have never had to pay for this.
They should get rid of capital gains taxes as well.
I didn't mind so much when schools were basically about education but now that they're about indoctrination it really irks me.
And the money laundering going on through the schools?
Generally speaking, people who do not have kids went to school themselves. That is what they are paying for. It takes more than 12 years of taxes to pay for 12 years of public schooling.
I don’t have kids and never attended a public school. It’s wrong to charge me for this.
@@carlmccoy662 Excuse me, but I’m 77 and have paid for my schooling decades ago. My kids are in their mid-50’s so theirs are paid for as well.
It’s like we’re serf and have to pay the Lord of the manor to live on the property
It's a perpetual treadmill we are all on. Can't make money you lose your house and end up homeless. Therefore you MUST make money, therefore you MUST participate in the economy.
You can't just buy a house with land and grow your own food. You HAVE to get a car, you HAVE to work, you HAVE to make money to pay property tax.
And all along you believed fuedalism ended long ago...hahaha
Thank you! I agree. I worked yard for years to buy my house. I paid it with post taxed money, and now I am paying more taxes. The annual taxes have more than doubled since I bought the home 17 years ago.
We have a government spending problem. There's plenty of money to go around. We just need to turn the fat. Nothing survives without evolving and government hasn't been cleaned up in a long time.
A very long time indeed, like never.
Government = mafia
jobs dont pay for basics and housing so there is no reason to work or be apart of the system
@@servusvero So is that what you're hoping for?
Maybe you won't have to go to work if everybody quits, right!
So who's going to pay to feed you, house you, cloth you, cover your medical expenses, cart you around... Now we don't need to worry about that education because it'll just give you some stupid ideas.
People who work, pay for all this stuff that you enjoy. What are you going to do if they quit or get let go of. Who's going to pay their and your bills??? Who's left to cover people in dire straits who truly need help. Like the people in the hurricane zone.
@@chasl3645 again until jobs pay for basics and housing then there is no reason to do anything, just take from the system as much as you can and be homeless, until this changes nothing will, i barely eat and starving is something im used to do, i wont live forever and life is unaffordable the sooner everything falls apart the better
I agree with that completely. You should end property taxes since most were put into place as a temporary tax because of the Great Depression or as a substitute for sales tax.
Property taxes are the bane of retirement.
And working parents. We purchase so we can have stable housing costs…but it turns out it’s more expensive to own - mortgage goes up every year AND we’re on the hook for repairs.
And working parents. We purchase so we can have stable housing costs…but it turns out it’s more expensive to own - mortgage goes up every year AND we’re on the hook for repairs.
And working parents. We purchase so we can have stable housing costs…but it turns out it’s more expensive to own - mortgage goes up every year AND we’re on the hook for repairs.
While "States are doing studies" "reviewing proposals" PEOPLE ARE LOSING THEIR CHILDHOOD AND ONLY HOMES DUE to the egregious abuse of property taxes through over tax assessments of their homes. There is a very well versed attorney/accountant Mr. Mitch Vexler in Texas who has a movement with petition and has filed court cases to rid property taxes. He hopes to take it to Supreme Court. Many States have had a surplus budget for multiple years. Did anyone who pays Real Estate Property taxes get a large reduction in their property taxes? We think not. Shame Shame on Every State municipality that is grossly fleecing the Elderly, Veterans, Retirees and Homeowners with egregious Real Estate Property tax bills! Where are the State representatives to put a stop to this madness??!! People ARE losing their homes. WHY SHOULD homeowners have to pay ridiculously high property taxes to compensate for commercial buildings not paying their property taxes!!! The municipalities MADE the BAD investments and allowances to those businesses NOT the Homeowners!!! How can these crooked tax assessors be allowed to overvalue someone's property by hundreds of thousands of dollars, when they are not investors and those homes are their only homes. NOT ALL States have HOMESTEAD, not sure WHY??? But Why should an elderly person, over 60 years old, only on Social Security/Pension, who only has one residence, be charged $28,000k per year for their home! Anyone 60 years of age or older should not have to pay property taxes at all for their homes as that is their only residence. Property Taxes, HOA Fees, Condo Fees, Overpriced homes, are making hard working taxpayers lose their only property (Home, Condo). How can it be legal to suddenly raise Condo fees by 40%. How can it be legal to raise HOA Fees by 50%. Many areas are becoming like Detroit and Mississippi - desolate and empty as the working class is continuously fleeced. The vile tax assessors are getting multi-year promotions using Taxpayer dollars because these tax assessors ARE Overvaluing people's properties to bring in money to the municipalities. They don't care that people end up homeless (many veterans and elderly) or their home comes into foreclosure because they had to borrow against equity and credit cards to try and pay their property taxes or HOA or Condo fees. Any representative in office who has an issue with keeping the elderly from losing their home should be shamed. Where are the State representatives to put a stop to this madness?!
@@DRventura333 How do I save your comment, it hit home so hard and I need my neighbor to read it as well, they don’t have the internet.
@@TiYvM2 I don't know either but you can snap a picture with your phone camera then print it out and give to your neighbor. Hope it goes well for them.
Which states are eliminating property tax?
None EVER will.
right? need a list.
North Dakota and Michigan have upcoming bills that will be voted on soon and Florida is doing a study on it. The title of this vid is slightly clickbait.
@@pineconebliss Thanks!
Eternal property tax needs to ✋🏿STOP
Thanks for bringing this to the forefront.
You did a real nice job on this.
@@chasl3645 thank you so much for your support! More to come
When you buy your car, if you don't renew the license plates, you don't lose your car. If you drive with expired plates, there's a fine, but you don't lose your car.
I always vote no on all bonds to improve schools, parks, etc. Better budgeting by governments to pay for things or don't do it.
Yes, they charge a non operation fee just for your car to sit on your property and rot away. Don’t pay that fee and they’ll add penalties and next thing you know 1 unpaid year will cost you $5,000 to renew your registration.
You do not own your car.
@kbar3612 where is this law in place?
Taxing home owners is unfair and it is Taxing unrealized gains that if the market crashed and your house is worth less, you don't get any refunds on all the tax you paid on a made up number that you didn't benefit from. Homeowners are not the only ones that use the roads why do they have to pay for them? Some homeowners have no children using the public schools, why do they have to pay for something they get no value from? It's BS and we went to war over a tax on tea. This is worse. I can see paying tax once but every year? On something you already bought and paid tax on? It's BS.
Private schools don't spend millions and millions on football stadiums and other bs. My Texas district spent 1 million on a new score board a few years ago. Insane. My wife is a teacher and our district spends about million each year bringing in consultants and buying education programs on whatever the popular teaching theory is that year. So much waste.
Thats money laundering
Money Laundering.
I can't leave a truthful message on this.
So the school hires highly qualified staff that it cannot entrust teaching children to?
I recently learned that for each student the gov gets about $30k and for handicapped even more. This is one of the reasons that Kamala prosecuted the truancy laws in CA. So much so that she even prosecuted and jailed a mother whose daughter had Sickle Cell and had no choice but to stay home. Cheree Peoples. Look her up. She spent 3 years fighting the charges and went homeless because of it.
Thank you so much for posting this video!!!
I really appreciate your hard work and research on this subject. I research all day long but I don't have much time to work on this subject even though I really should. Therefore , people like you who come in and fill in the gaps are incredibly helpful and appreciated. Thank you so very much!!!
Here in Virginia property taxes are eliminated once you reach 65.
@@ldygzlle1291 I like that but it might just be one more thing for the gen z's to hate us about.
@@darlacox haters gonna hate nothing we can do. Peace
@@ldygzlle1291 I have been watching Hunger Games clips lately. I love when Fennick says to Katniss, "Remember who the real enemy is." The disdain they have for boomers is not organic. The ruling oligarchs feed division to keep us distracted and blaming each other. I want to tell them we are on the same side.
@@darlacox The “ruling oligarchs “ are the number one problem for America. But they are successful at distracting us and dividing us. The last politician I remember who spoke about this was Bernie Sanders.
@@darlacoxthey will want the same exemption when they reach 65…
You are exactly right about the cost vs the quality of education between the church schools and public schools. This is why I’m in favor of vouchers for every student to choose the school they want to attend, to include homeschooling. I think public schools would be forced to actually educate their students or close. Offering a quality education should be a given in our rich country but sadly that’s not the case currently. Accountability and taking responsibility is key. I enjoy your informative videos, you’re a credit to your parent and to yourself. Your thoughtfulness and maturity is commendable. God bless you until next time. ❤ from Indiana
@@ninabooker2904 thank you so much for your support!
I totally agree with you too! 🫶🏾
I'm just concerned that with gov money comes gov control. We want to stay free to teach our kids without the government telling us what we have to teach.
No one can make improvements to their home or property without having property taxes reassessed and raised. So you get taxed on the labor and materials used for the improvement and then the improved property also gets a higher tax. So you get taxed twice on any improvement due to your home or property.
Here in Santa Fe, the revenuers are using Google Earth Pro to look back in time at satellite photos and compare them with recent images to see whose property has changed. They use an algorithm to find the changes then they look up each changed property to see if the owner informed them about the "increased value" and if not, the entire property gets reassessed at today's market value. And, they are so proud of their scheme that they announced it in their "pat on the back" yearly newsletter!
Lovely, knowledgeable young woman, how nice !
I live in Michigan and didn’t know that a proposal was being made.
Thank you!
1st thing. Eliminate taxes from mortgages.seperate them so you monthly minimum is reduced to keep your house. 2. @ 60. NO TAXES on incomes or property
Wow, your communication skills are so incredible. I love your personality and your video.
@@Makingdifference100 thank you so much for your support!
I've never seen your channel before. However, it was a great video and fantastic information! Keep up the good work ma'am
Happy Dance 💃 I subscribed! 😊 Brilliant video by a beautiful alert well-spoken young lady! Thx for enlightening all of us. Taxes on property is insane! The other big misleading lie is the money does NOT go to schools, police, roads, etc. It goes somewhere. Follow the money if anyone can and expose the truth…
@@cryptoken9064 thank you so much for your support! Yes, it’s a scam and we shouldn’t continue “renting” our paid off homes to the government. I
There should not be sales tax on food either…
There should be no taxes for trading you time for money either
You shouldnt be taxed for food. Only candy and pop items. Ive worked in grocery stores and regular food was never taxed. But alot falls under the candy pop tax too.
There's not for people on food stamps.
@@sunnysidecarebear that may be in your state here in Louisiana and many others you pay taxes on food
Thanks so much for this insight and point of view. I never thought about the possibility of property taxes being eliminated. It makes so much sense though…No one should lose their home because the taxes are not paid…especially if there is no mortgage. I think I’m on board with this idea.
Thank you for sharing this!! Going to go down this rabbit hole and start contacting my reps! I will follow this gentleman too.
California needs to get rid of property taxes 🙏🙏🙏🇺🇸🇺🇸
You're videos are most helpful. I really appreciate them. keep making them. ❤🙏🏻
Excellent discussion. Thank you. I have been suggesting this for years. I would love to see the elimination of property tax for,the reason you discuss here.
I pray we drop property tax & daylight savings time changes.
All property taxes should be done in every state
I like the way you think. Looking forward to watching your channel grow.
Strange how I happened across this today. I’ve been in a correspondence exchange with my local Property Appraisers office concerning this very subject. Particularly the multiple school tax assessments. Governments appetite to spend our money for, in many cases who knows what, is insatiable and all they have to do is pass new milage rates within the statute guidelines. Anyway I realize they are just administrators following state laws, well sort of, so it’s our state legislature and governor that need to hear from we the people. I’m requesting the county budget line item by line item that comprises the tax and therefore mils, applicable statutes and their written policy as a start.
Im well into my retirement years and this theft must stop! I was still paying my mother’s tax in her 90’s. You think she could have lived a better life without that burden? Yet as you say. Don’t pay and they confiscate your property and sell it. After working hard your whole life, paying your mortgage and insurance and the government can do that to you?
Go over to Real Estate Mindset and watch the videos on property tax fraud and schools. They are setting up free help to protest your tax appraisals. One of them is suing, probably, up to Supreme court. They are in Texas, but their issues apply nation wide.
This is great news! I have friends from Finland. They do not have property taxes on their primary residence. I told them how we can lose our home due to tax delinquency and they said, no wonder the US has a homeless problem.
@@Brad-RB oh wow! That’s great to know.
@@theshaereport you have a new sub. I follow many of the topics you talk about, but your faith keeps serious topics positive.
If you pay cash for a home or property, you should have no tax! If making payments, once you make the necessary payments, you should have no tax. If you own property, you should not be made to pay more tax just because you put a home on it!
I am now a senior, and it's a matter of time before I sell my house because I cannot afford the property taxes and insurance in retirement. My property taxes have doubled since 2000 as property values more than doubled. I tried appealing this based on the repairs needed (I bought a fixer-upper). The men in the taxation dept said they didn't care about the house's value; it was the value of the land. My house insurance tripled in 4 years--no claims, not in a high-risk area. My car insurance doubled; I work from home, seldom drive, have no claims, etc. I sold the house I had before because the property taxes went from $4900/year to $12K/year in 8 years. I had no luck appealing those increases either. What are the taxing agencies doing with the money? Plus, I pay 8.25% sales tax. How will local governments get their money if not from property taxes? Governments get you one way or another. Recently, I voted against a bunch of bonds. It was explained to me that the bonds would be repaid by increasing property taxes sometime in the future.
That would be great, my Family has been taxed out of property, my uncle was forced to sell land when Disney had towns increase property taxes so he was forced to sell and Disney was able to get it for next to nothing. My fixed income mother was forced out of her home because she had to choose between food and taxes!
As a senior I struggle to pay property taxes and worry that I will lose what I have if I end up in nursery home, as all income goes to the nursery home except 60 dollars a month. Every year the “value” goes up which means the tax goes up, along with home insurances along with living expenses
I wish they eliminated property tax in the country I am from either and they should eliminate other taxes too because now everything is being taxed, even taxes are being taxed, the use of well on private properties are being taxed, the water from those wells is being taxed, and we also have capital gain tax and 150 other types of taxes while the whole country is turning into third world country that has been colonized by banks and multinational corporations who are actually getting tax cuts from the government and these big corps then take all of their profit out of the country. and this is what we call capitalism, right?
They're taxing well water? It takes electricity to run the pump, so, it already costs to operate the well, and the power is usually, taxed. So, that's a tax on tax, not to mention well owners pay for their own repairs, not the government. Isn't water a basic essential of life, same as breathing? People die in less time without water than without food. My opinion is that the water in most of The U.S. isn't safe to drink, and it should be free by now and all cities should offer free potable water. Is this the era of science and technology or not? We got AI? We can live without that. Not water. Aren't there volunteers that go to other countries to dig wells so people have free safe water? But we tax it here.....I can't bear knowing some places do this....
@@rosafalls8068 I wanna correct myself. As of now, there is no such thing as well tax but the government has been planning to implement one, and we all no what that means. Drilling wells need to be permitted which involves a fee.
This country, Hungary, has the most types of taxes in Europe and by the way non of the countries are doing well. Not long ago in the 60s, 70s, the use of water was free and the irony of all is that since the country is located in a geological basin, there is a large volume of groundwater that could provide for everybody but it has not been utilized. Governments could not care less, they are just talk, no action. Both of them the former communist parties, their offshoots and the so called right side.
Water in Hungary is still good quality but who knows what they put into that. There is enough water on this planet to provide even for 10 billion people. The only thing that is needed for water treatment to be potable is energy but the u.s has enough energy, she just has to be a bit more independent.
Everything is about energy and I know there is free energy but it has been suppressed, but hopefully within the next decade or 20 years we'll be given access to that but change has to come now.
Yes, we have all of this technology and AI but our living condition are getting worse and worse and the western world is turning into a big slum. Maybe, Florida is still ok..
I am 55 yo, can't get a job anywhere due to chronic physical problems.
Meaning no where I've applied has gotten back to me at all.
I bought my current home with cash after selling my parent's home after they passed due to its neglected condition and the property tax was sky high for that area.
Now I'm constantly stressed about losing my current home if i can't find a way to make money to keep up my bills and property tax once my buffer money runs out..
Its a scary situation to be in..
Sell stuff online from yard sales and thrift stores.
@@catwoman2596 I may give that a try.
Thank you.
My sister actually mentioned this to me some time ago..
Find a disability advocate. You don't pay taxes if disabled. At least if not 100% they will still cut your taxes more than half.
Funding should come from income taxes and not from property taxes and many of the loopholes should be eliminted.
Income is your property also they should only tax sales.
I agree that property tax on your home should be eliminated, but the government is greedy and MUST get that money from somewhere. Look to income or investment taxes, etc. In Italy, your first house is not taxed because a person has the right to OWN their home. With never ending taxes, it's never paid off, and the government can't wait to confiscate it, and sell if off to Blackrock, vanguard or state street.
I would like to add that if a person loses their home for unpaid property tax your house wiil be sold to pay the taxes owed. Any amount over the tax that was owed belongs to the person who lost their home. Most people don't know this and therefore don't claim the money owed to them
It's about time😊
Property taxes are killing me here in Cook County Illinois.
I will have to leave my paid for house just because I won't be able to afford Property Taxes when I retire
Every couple years in my state comes up about lowering PT . When the tax is lowered the accessors jack up the value.
I do believe this is a good thing to advocate for.
Though I have to say that I really feel like this is something that could come back to bite us if not enacted with great consideration. For instance I don't believe that this would have the desired effect if not paired with a limit to the amount of property one could own. That would leave too much room for the wealthy to buy as much as they want, without there ever being a legal way for the government to keep that in check. Also I strongly feel as though companies and corporations should be exempt from this relief, as they are presumably never going to have to worry about not receiving enough income, and if that does happen they will likely move elsewhere anyway.
But I do completely agree that we (the people) should absolutely only have to _buy_ something once.
And get this when a department does not spend the money they have been allocated according to their budget they risk losing it for the following year, that is why they make sure to spend all of it in the year they were given it and then they ask for more the following year. That is why you’ll see them spend on things they don’t even need. It’s insane. That’s for Hillsborough County Fl.
Imagine how the people feel that couldn't afford to pay their prop taxes and lost their homes.
It is infuriating.
And we can't even get the brand new houses finished or up to code either...not to mention have the ability to afford to stay in them, let alone fix the structural faulty builds or bad appliance installs or water leaking walls.
Outstanding video. You have a new subscriber from NW Georgia. You Go Girl!
You have good clear voice. I can play back this at 2x speed
My paid off home was stolen from me by Summit county, Ohio.
I had a family tragedy involving my children.
They even stole a payment I’d made but they never applied to my bill.
Anyway. I was an RN, working 12.5 hour night shifts, sacrificing my children’s lives to live life and pay all my bills for years and years.
Don’t let it be you.
Texas is looking at the property tax issues that are out of control
@phillipmatthews8341
Illinois needs to take a serious look too .
Yeah right lol. I live in Texas and it will never happen. My taxes (and fake hypothetical Property valuation) go up every year….as a result, so do insurance costs. This means I pay significantly more for housing every single year even though I bought a home to keep me out of this situation. Might as well rent and have no repair bills.
@@mtc-j9iTexas ridiculous property taxes are pushing me right out of my home!
Omg! I live in ky, I need to look this up. Thank you
DANGER !!!!!! what will they be REPLACED WITH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! this seems good but beware !!!!
Back in 1994, Michigan lowered property taxes and increased their state sales tax from 4% to 6%. There’s the trade off. School funding was tied to property taxes pre-1994 and therefore more local government control was maintained (or squandered based on one’s perspective). After 1994, education authority was consolidated at the state gov’t level. I’m guessing in terms of real dollars, it was a wash for the average property owner. For renters, this was clearly a loss.
My only worry is that they will just displace property tax only to add it or raise taxes someplace else.
I would love to know if any states are seriously considering it. Hawaii has the lowest rate. CA's rate is not worse than most states; our property values kill us. ~1.2%/yr means you pay about $1 tax per month for every $1000. The median house price right now in CA is about $900k. So, unless you have been in it a while and have some Prop 13 protection, your taxes are about $900 per month!
Great info and video! Keep up the good work! Here in Montgomery county MD they just raised my house accessed value 40%! Hence the tax bill too. I’m retired. My social security surely didn’t go up that much. So now I have to increase my income or cut costs to cover this increase. The county wants to create more affordable housing. How is that possible when increasing everyone’s property tax!
Get rid of it or adjust the tax for fairness.
In my state, most of your property tax goes to the school. It might decrease our property tax by 25%. I think once you become disabled or retired, so shouldn’t have to pay property tax at all. You’ve already been taxed for about 30 years. Taxes will still be too high when you’re on a fixed income.
This is huge because if you own property and there is hyper inflation, your property tax could become some ridiculous figure like $500,000 every year and you will default.
One demographic problem is that property tax measures are also voted on by non property owners. Renters pay property tax trough their rent, homeless pay zero as do most illegal aliens yet they vote.
When they talk about getting rid of property tax, I always wonder what tax they'll put in its place.
What law are they replacing it with?
I believe in ending unfair property taxes. They need to reduce extremely high property taxes to a manageable and fair amount. When property tax is so high it makes poor people pay twice for a property that they have paid fully for. 😎💯💪🏾👍🏾 It's unfair to loose your property that you have paid for, because you have fail to pay some property tax.
Aww she's so wholesome with natural looks
Refreshing to see natural beauty on dispay. So sick of tatoos , dyed hair, piercings and freak show glamour.
People saying "Everyone of all economic backgrounds deserves education" in one breath, and then saying "Only the rich deserve houses, and if you can't afford it, sucks to suck" by supporting property taxes is insanity.
Property taxes are illegal given it "was" based upon a sales tax. The rest is fear.
One of the biggest problems is the city/county will not give a balance sheet of where all the money is going. The appraisal is based only on the whim of an appraiser. Sales of homes for an average is not a 'scientific method' of determining appraisal value.
There should be zero taxes on food and some states have that already. Think about it, a family of 5 or more would pay more than a single person because they need more food. There's is something wrong with that equation.
@birgitelisabeth9661 That family of 5 already received a tax break for being a family. If taxes need to be paid, families should pay more, as they require more.
@@birgitelisabeth9661 A family of five would use more of everything. Not just food. It cost around $163,000 to educate a child from kindergarten through 12th grade in an average public school system. If you add extra curricular activities to it that can drive it up by hundreds of dollars a year. You'd have to make a lifetime commitment to a community to repay your lot...
I'd get tightening your belt if you have five kids.
Best idea I've heard yet.
Never happen in my state California. We are in bad shape.
Hmmm…Florida’s homestead Save Our Homes tax limitation keeps annual property appraisal increases down to a max of 3% or the annual CPI rate, whichever is lower, for full time Florida Residents. Many seniors who have owned their small condo, townhouse, or house for years pay a very reasonable property tax in the $500 a year range.
However, a large party of seniors income is paid for groceries, medicines and medical supplies, medical equipment and other goods and services. Currently groceries are not subject to sales taxes, neither are prescription drugs.
Will the sales tax apply to new and used cars, homes, condos? An average small home in Florida is $300,000 so 10% of that is $30,000…What about a new roof? Or insurance? Will these be subject to sales taxes?
In my case, a fixed income retired couple, we will pay far more for a 10% sales tax than we do for property taxes. But the devil is in the details, would major purchases like houses and cars be excluded? Will Taxes rebated for low income folks?
In principle I agree that property taxes are illegal taxes on unrealized gains and are close to a poll tax that our founders fought against in the American Revolution. Once you own it, it should not be taxed. But what about when you die?
I don’t think there should be an estate tax either so families can pass farms, businesses and homes to children without taxation and accumulate inter-generational wealth. We all use already taxed income in the first place to buy a property and to pay off any mortgage, so why should their purchase be taxed again?
This does not address the government revenue/expenditure side. A crises is brewing in heavily indebted municipalities because of over spending by these local governments, which issue municipal bonds to pay for new schools, and other needs.
The crises is that they spend like the Federal government but without a dollar printing press, so new bond issues act like the dollar printer. But in some (most?) states local governments fail to pay off the older bonds, adding new bond issues to the existing pile, rolling it all over and with higher interest payments owed which will explode carrying costs exponentially.
Apparently, many of them fail to pay down the bond debt they owe and residents have no idea that this debt is driving ever higher property taxes.
So many questions, very few answers. I applaud your effort to shine a light on this complicated topic that affects everyone.
So is eliminating property taxes a special favor to Blackrock et al ?
That’s actually quite possible
In NY State, if property tax was eliminated, a lot of the current problems would solve themselves. You have basic houses with $500 a month of property taxes, and often that $500 is the very exact amount of money that people need to live more comfortably.
Real Estate Mindset is a great channel on RUclips that covers property tax fraud, look for Mitch, the expert breaking everything down.
@@jbga.6178 yes! He’s very smart and informative
YES THAT IS CORRECT! i have been paying property TAXES/ TAKE/ T-AXE my income has been a pain in the ASS for over 40+yrs
Want to know about taxes !!! live in Connecticut !!!!!