Home ownership is a lie. They just changed the word Rent to Property Tax, so you'll maintain it. Stop paying the taxes and you'll meet the real owners. Your lease of rules and regulations is at the town that you never signed or agreed to. Scam.
You need to stop misinforming the public it’s called a “takings” which is fraud on its face if no commerce is occurring at the location being taxed and they take the property for back taxes allegedly owed; a business needs to be on the land being taxed for it to be justifiable; the county will claim “in-rem” jurisdiction when they have zero ownership or interest yet they get away with it because most do not read the law and get in their municipalities face about it and if more did that exact thing and started suing these municipalities for fraud then things would change; but you gotta know the language the definitions and the whole process inside and out to succeed; these fools been committing fraud for over 100 years as a matter of policy custom and practice yet the majority are too lazy to look the information up and study it to see what to am saying is the truth. A situs (a location or place of a business) needs to exist for a legitimate and legally justifiable tax is to be applied to property, otherwise it’s fraud on its face.
Has!? Any government that forces citizens to pay taxes, if they want to eat, drink, and shelter is oppressive in nature. It has always been oppressive, but now more than ever.
Well property taxes pay roads, schools, police, and justice system and so do not see how that can be financed any other way. To some degree you can vote on the decision makers and choose where you live.
@Greg-qw7xl you don't need property taxes to pay for those things. theres enough money. the root of the problem is you need a responsible government that operates within its financial means
It's an asset which you hold that is increasing in value, it's no different to capital gains tax or income tax. You could buy something for 50,000 and sell it for 300,000 and pay sod all on it in tax and make like 250,000 when you sell it...but if you worked for 250,000 in work income you'd be taxed ridiculously on it when they both income which is ridiculous.
Plus there's a 5% transfer tax when you sell it. Someone else buying a home in your neighborhood should not affect the value of your home if the home is not sold.
My pest control business pays an estimated tax bill every 3 month. They basically estimate my earnings without any real numbers. This number, just like with property taxes, are basted off what other similar homes in the area have sold for in the last 6 months.
That's basically how California property taxes work except they allow for a maximum 2% yearly increase regardless of how much your property value increases.
@@timmaloney6441Fool Money is paper. All they have to do is print money for that not take from people and encourage hardship Some people really love these assholes in government.
@@Greg-qw7xl There is no actual cash unless you get a loan or 2nd mortgage. It is just made up value with no profit unless the owner sells. Kicking people out of their homes or stressing them out for greed, profit poor budgeting and political inability to obtain assistance to the county if needed is not exactly community. Yuck.
Good point. Corporations do not pay tax on unrealized gains so why should people do for properties? There is no consistency in how laws are being applied.
@@mgreg8134- A made-up value. You dress nice. Sure, it's jeans and a t-shirt, but I'll bet it costs. Hey. I think you owe me money. You can afford it. Look at you. I don't care. Find a way.
@@mgreg8134The value is estimated based on the appraisal done every year, which is unrealized gains. This is a gain that may not actually materialize when the asset is sold just like with stocks. So until a sale happens, the potential gain should not be part of the Taxable amount.
You ain’t lying. My property taxes and insurance went up and I didn’t even know it. One month I’m paying one amount and then the next month a totally different amount. I may of received a letter about the increase, but who knows. I have to pay it anyway if I want a place to live.
It goes for everything cars included, starting to make sense why some people like being homeless it's as close to true freedom you can get in this jacked up world or at least here in the US. If you have to work to keep what you have, you are a slave..
In Florida a homestead can only increase 3% annually. One problem with that is foreign(out of state) owners file the same homestead claim yet do not live there. Cheating the community out of rightful taxes. So while out of state owners get the breaks, the locals have to make up the difference.
Hopefully it doesn’t crash. I don’t own a home but. If 7.4% interest rates won’t crash it then higher unemployment is the only thing that will. Higher unemployment actually kills more people so we can’t hope for that
My property taxes were $1300 due to ag exempt for almost 6 years, came 2021 they change the required acres from 10 to 15 so I lost our AG exemption went through appeal process and was told to buy more land to meet new requirement. 2021 taxes went to $15,300. Had to got another job to cover the new payment increase of $1330 every month. Property went for sale 2022. Lost my little ranch, lost my cattle, my horse, got half an acre and mobile home, and I will be able to start saving again.. they give a headache, afraid of loosing everything we had work for. But made it out of that mess. Thank God
I’m so sorry, that’s not right and you can be sure the real estate speculators had something to do with decreasing the ag exemption acreage. They are trying to buy up all the empty land everywhere in the country.
🤦♀️My mother’s house in Augusta County, VA went up 69% in one year. No improvements made- the county officials correlated it to their need for increased revenue to pay for a new $2 million county office complex that only they wanted. Greedy, entitled people.
@@lithium25693 Very true! Look at all of the people who don’t have anywhere to live. They make fancy promises when they run for office (not calling out anyone in particular) and our homeless population has exploded. And they have the nerve to blame the very people they have caused to be homeless. 🤦♀️ Sorry about the soapbox- I love all people and the homeless deserve better. They are humans too. ♥️✌️
Mismanaging it. I don't know why citizens vote for people with no proven track record of handling money. I was in accounting most of my life and I managed small to medium sized businesses that were successful and I can prove it. I'm also at master at streamlining processes and saving companies money. I have a credit score of 780. I'm the type of person you vote for. Does anyone ever check out the people they vote for? Most people vote party line and so the answer is no.
Texas property taxes are high. I was paying $3,500 a year for a home worth $159k. I sold it in 2019 and moved to Tennessee. I now pay $950 a year on a home worth $550k here. A house like this would be taxed around $10k a year back in Texas.
@@matthewmoore7447nope that’s what happens when you allow BIG corps to come here and NOT tax them, there is no reason people should be getting priced out there homes.
I bought my house in 2000 for $88,000. I promptly spent $30,000 on an addition, roof gutters, etc. Now in 2024 the tax people say my 1,200 square foot home is worth $600,000!! Of course my taxes have gone up and my home insurance has skyrocketed. I' m 78 years old, retired and a small income, but no one in local or state government cares or will even listen!
@@user-ip5dm6jf8k Welcome to the USSA. A lot of ppl Love this system until it bites them in the ass and all those times they had to fight back, they just laughed and thought it would never happen to them.
What do they care? The officials setting the "appraised" property values make 2x - 3x times the standard salaries within their districts. a.k.a.: it doesn't affect them in the slightest. Why?? Because property values aren't based on the owners' income. Give Democrats enough time and that will be the case. That is the same reason, I will never support the flat tax idea, as long as there isn't a constitutional amendment abolishing the standard income tax. What they will do is ACT as if they abolishing the federal income tax, then years later, reinstate the income tax, all the while, keeping the flat tax. We already pay taxes on our own hard-worked labor... then sales tax... then property tax... Where does it end?
This is the third video on this I’ve seen tonight! I loathe property tax. My elderly friend lost his PAID OFF home due to his property tax skyrocketing. It’s horrifying.
Everyone cries when criminals are set free by on the street by our judges then they cry when their taxes go up to build new prisons and jails to house the criminals, people need to learn to suck it up and pay your taxes or downsize into something more affordable.
My parents house was appraised this month at 400k...insurance went thru the roof! They bought the home 7 years ago for 170k. Scams are hard at work these days
This is state wide! Same crooked thing going on in Victoria County. I advise all residents to look at the Officials taxes, if it's the same as in Victoria, Texas, they miraculously didn't have their property values go up in the last 4 years!
Yeah , but you still have to pay higher property taxes, if the value of your property increases. You can payoff your house and retire in it, but your property taxes can eat up your retirement pay. Then you will be elderly and have to sell your dream home.
@@jamesdannelly6760No. It's based on what your neighbor's house sold for. Tell your neighbors to sell their homes for less and you'll get lower property assessments.
People need to pass amendments to limit property taxes to percent of original purchase price, then limit the yearly percentages similar to California’s prop 13.
To pay tax on market value is paying tax on unrealized gains. Very unfair. And the city/county/state has no increase in expenses to justify this additional income. Its a racket.
exactly!! I was explaining this to one of my colleagues. I used the analogy of having to pay income tax on the unrealized gains of your retirement account every year, then paying capital gains when you finally start selling your holdings.
That's not analogous. Why? Because property taxes are used to run the state. A more appropriate analogy would be paying broker commissions based on the increase in your investment portfolio.
@@MD-ky4hoKind of. In California increases are limited to no more than 2% per year and several times it has been less. And, it's only fully reassessed at current market value when the title changes ownership. So, longterm owners have much lower property taxes than newer owners.
@@saythankyou111 it’s not, it’s absolutely not. The only people who do have that luxury are in congress & the ones who vote to raise their own pay are Republicans 🙄 The majority of government workers are on a pay scale that is predetermined. They have no negotiating power AT ALL nor can they enact a change to said pay structure.
Americans need to do away with property tax. When you sell or purchase a house, taxes are paid. Why then do you need to pay taxes again and again? BS system.
Precisely why I sold my homes several years ago in the states. The system is corrupt imo so I will be buying a home overseas where taxes are thousands less and very little increases in properry tax.
And then the school districts have been announcing how they're "magically" expecting multi-million dollar budget shortages? WTF?! HOW IS THAT POSSIBLE?!!!
There is no justification for this antiquated system. I am fully convinced the system is purposefully designed to push homeowners to a breaking point where they are forced out. New owners are then subject to higher taxes without the benefit of the homestead exemption the previous owner enjoyed. That equals more revenue for the GREEDY MACHINE. You cannot TRULY own a home while this form of highway robbery exists.
IMO as long as you have to pay property taxes you don't own anything. Don't believe me, don't pay you taxes and see who the real OWNERS are, hint hint it's NOT the bank.
Back in the late 60’s Howard Jarvis was ahead of his time in California, thank god! He was the author of proposition 13, the state is still feeling the results of that legislation.
Just after 2008 when property values tanked, taxes were maintained at an artificially high rate by taxing authorities by raising the multiplier factor. This was supposed to be temporary, but became permanent. Now, with exploding values many are really getting gouged. The whole system is massively flawed.
That's because there is no individual state income tax. Which ultimately puts the onus on long-term property owner retirees because they no longer have individual income to tax. So, retirees that have been in their home the longest are left with the shortest end of the stick. They're house rich, but cash poor.
The idea that you would pay an increased tax on something that has little to no intrinsic value is insane. I wonder if these assessments include any depreciation for the HVAC system, roof, etc.
No way you should pay a tax for having a roof over your head. That's a basic necessity. It shouldn't be taxable if you own only 1 home. That's a basic necessity for all American families.
make a law requiring county appraisers to purchase property at the full appraised value if the property owner wishes to sell. this will fix it because they would have to put their money where their mouth is
The jobs are going begging. Why not just take one? and get a defined pension. I see nothing wrong with admitting you are a loser at 45 and just taking something safe for yourself and your family. No need to get all whiney and jealous, just start applying.
It makes me so sad to know that we really never own anything. There is absolutely no such thing as home ownership. Even if you paid it off, of you don’t let them bleed you dry they will come take it from you. That depresses me. I don’t know what to do about it :(
this is so stupid.. you go to the protest and the appraisal guy just puts up the comps and they are all flipper homes.. those homes were bought at a discount and gutted then rebuilt and now they are charging a huge markup... so the people who have lived in the neighborhood for years get screwed because the appraisal guy uses the flipped prices... its a total ripoff....
Your home benefits from city infrastructure which isn't free and needs to be maintained. That includes education, police, water, trash, sewer, and a whole bunch of other stuff.
@@mrxman581 Not sure how it is where you are, but the state I was in, all those services were taxed separately. The majority of property tax went to schools (and as a childless person, I have issues with having to pay and how that money is unevenly distributed - but that's another discussion). I'm also no longer in the city and if my property tax is spent on services, I have a very hard time seeing it as the dirt road to my home barely gets any attention and the fire department asks for a membership fee.
@@jabba334were the only country that taxes homeowners to fund education. We need to change that it’s the reason that education is so bad from one state to another
@@mrxman581 We pay various other taxes besides property tax. Property tax need not be eliminated but making it a tax on unrealized gains is absurd. Corporations don't pay tax on unrealized gains so why should people pay tax on income they never got to see while taking on full speculatory risk??
What people don't understand is that your property tax is another way of saying, "Pay to Play". Everybody who lives in the city has to pay their fair share for all the city public services that are around their area. What the city officials are not telling you is that growth and population increases will increase the expense burden that they have to endure. So that's why they appraise it more. Appraising it is just another way of saying, "you owe us more because we need it". By the way, if you haven't noticed by now, public school districts are the biggest consumer of this tax
Who uses the library? Police? Yeah more cops write more traffic tickets and extort us more. This government needs to be reminded where their place is and its not over the people, it's for the people.
It’s an obvious strategy. Raise the value of the home to raise the property tax. To be honest my home is not worth 700,000 I’d say top 400 grand. Yup my property tax went up.
Yup and the local city commissioners get to say "we haven't raised the tax rate. it's the same rate for the last few years". meanwhile the appraisal district runs cover for them by inflating property appraisals which have the same effect as raising the tax rate. but the politicians get to fool the folks by saying "its not us its the appraisal district". then the appraisal district says "were doing what the law tells us"
A tax appraisal should be considered a cash offer to purchase by the government. That would get them to think twice about their valuations before taxing people’s homes.
Oh move to Texas no state income tax. Problem is the state has to get revenue somehow. And property taxes are 1 way. When you are retired, no state income tax is not a concern.
Think of all the tax giveaways state government gives companies. Corporate welfare folks. Who do you think hires the illegal aliens? Corporations and small businesses. Aim your ire at them and the GOP who refuse to bring legislation on that matter. You all keep blaming Biden but Trump as shadow President dictates to Congress. Only the little people pay taxes while your billionaire oligarchs pay low tax rates. They through their media empire manipulate morons to vote against their own best interests time and time again. Stupid MAGA never cease to amaze me.
Abbott and Desantis burn through the state coffers like no one is accountable but the taxpayers! Desantis took over the Disney district and created millions in NEW state payroll where there was NO cost to the taxpayers previously.. Abbott stunts at the border are costing Texans millions, when the Federal government does it for free!.. now local governments are following suit.. creating committees to ban books cost taxpayers $$$$.. elected and municipal employees have high jacked the taxpayer gravy train!
Jackson County, MO (Kansas City), raised property taxes 20%-400%+ just because the County executive said so. People can’t afford to pay these here, but it falls on totally deaf ears. The people in charge of all this can’t explain how or why it was done, nor can explain their so-called ‘formula’ used. The county executive’s property taxes went up only 7% while the houses on either side of his went up 30% each. Get the state officials involved, and hopefully lawsuits are filed against the county for their thievery. This is Taxation without Representation.
@@HomeAloneGaming1 our votes don’t make a damn difference anymore when congress does work for the American people anymore. Unfortunately. That would be great if they did.
Homeowners tax rate should not be based on what the homes are selling for. Company’s will soon own all the homes and force the public to pay rent it’s not America
My small town used to do appraisals every 3 years then the changed it to yearly about 3 years ago now its every 6 months. Its also gone from a simple part time job to a full time one with its own town office. Our effective tax rate is going up about 20% every year now. Its crazy when you tax bill goes way up mid billing cycle. We have maybe two more years left of these increases before we have no choice but to sell. At that point out tax bill will be more than our mortage. Let that statement settle in.
She has the power. She only doesn't want to let you know she has the power. She hides behind statements like "required by law" to justify her outrageous appraisals.
@@starwalk3r All gov officials are like this. It's always someone else's fault. The building codes are insane and add unneeded complexity and high cost to build a new home yourself. So you have to pay engineers to design a small house. Add to that, they force you to ask permission, to which they force you to pay thousands to them just to get started. Something has to give.
Property taxes should be outlawed. There should be other forms of tax to make up for it that are not tied to our homes. If we own our land then we own it outright. There should be no need for the government to keep a string attached to our private property.
My mom bought her house in 1970 for $26,000. The smallest house near her home just sold for $1.1MM. She will never see the benefit. They should tax me not her.
Thats what I was laughing at when the legislature passed an increase in the homestead exemption. I was like "the appraisal district will just raise everyone's values by $100K which wipes out the exemption".
You can sure as hell bet when the housing market bubble bursts, taxes will not go down…..time for the public to drag these assesses out of office …local, state, federal….
It should be law, that if the government appraises your property for a certain amount, you should have the option to pay the amount of taxes, or the government must buy the property from you for the appraised amount.
@@kbrown5218 Four or five years ago land in my area was around 4 to 5,000 per acre. Now they are 35 to 40,000 per acre. As soon as they finish a house someone is moving in. Mind you i live in a small city in SC and i see alot of northern tags on cars moving in.
This has to change during the pandemic my taxes rose 50% instead of going up since 2022. I know people taxes that went up 75%. It’s ridiculous and I live in Pennsylvania.
It actually IS a kings tax, Charles that is. The last speech he gave concerning global issues was a pronouncement that govts. will be raising taxes to pay for the green agenda, which Charles is head of. We are paying the part of poorer countries to make up their shortfall and give the King his desired trillions for his global climate change garbage. If you don't believe this, LOOK IT UP. That is all.
There should be exemption allowed to certain amount if it’s your primary residence like here in Hawaii. They knock off 300k here in Hawaii if it is your primary. Not much considering avg house is around 1M but anything helps.
Tell me why single family home property taxes are necessary to begin with. Out of all the other taxes collected, why do you need property tax? Don't say to fund schools, police, and firefighters. That's hogwash. They tax everything else. Pool it all up and fund what you need from that. And why do your taxes go up when your assesed value increases? Does the state or township take responsibility for the property and the home if any damage occurs? Tell me why are they charging anything? I say taxes paid on the intial purchase of the land is enough since the owner is now responsible for everything that goes on on said property afterwards.
Here in Lubbock, TX, the property tax on a $500K house is about $20K, and Lubbock is a total dump. Soon you're gonna see a lot of moving trucks driving out of Texas!
I just got taxed out of my house and am now forced to leave. Been in my house for two years. Suddenly the payment went up 1k per month When I called they said it was because it had been reported that they had appraised my property as a lot with no house and now that there was a house on it they had to begin charging normal rate plus the back tax shortage that wasnt paid. Could not beleive. Then I tried to sell it but cant sell for what I ow because the home values in my neighborhood have fallen. Makes no sense. So Now I have to walk away because I cant afford to pay 1300.00 a month in property tax.
So if you had neighbors who got low interest rates and put $50k+ in FLIPPING the house then sold to make a profit, YOU have to pay more taxes 🤦♀️ (even if you got your home for a lot less years/decades prior)
The answer to appraisal price hikes is you should be allowed to call there bluff & the city needs to buy it. You say that field is worth 50k, then buy it.
Excellent idea! If they say it's worth so much, and then you see you have a huge repair bill, you should be able to stick them with dealing with the repairs, and cash out. After all, they're lying about how much they think the property is worth, so fair is fair.
And you wonder why California's Prop 13 was so important back in 1978, and why it is so vitally important today... if only other states would adopt this measure, it would protect owners from having property taxes skyrocket out of control, where in many other states it is an ongoing problem. Yes, there may be cheaper properties in other states, it is the property taxes that make even a more affordable home less affordable with the rising costs of property taxes.
@@gcman1111 There is a lot of organized theft going on here in California, and as long as we have these people running our state into the ground, I bet they'll manage to screw up Prop 13 too. However, they're already finding new ways around that, and yeah, we haven't seen the worst yet... it's coming.
@@gcman1111He can’t get rid of it. It has to be voted on by voters, and voters are not going to get rid of it. But I have to admit, the politicians keep coming up with other propositions to try and circumvent Prop 13.
Why not lower the tax rate as the prices go up? Also, why when property values go down the towns, never seem to reevaluate the properties in the downward trend to lower taxes
There is a company that creates a graph of cities for where taxes are generated and spent. For all the cities that have paid for the service so far it’s shown that suburban areas are subsidized by other areas, including poorer neighborhoods.
Home ownership is a lie. They just changed the word Rent to Property Tax, so you'll maintain it. Stop paying the taxes and you'll meet the real owners. Your lease of rules and regulations is at the town that you never signed or agreed to. Scam.
You are a genius. Revolving tax encroachment is what I call what you are describing.
@@eprofessioAMEN!!!...100% EXTORTION!!!!
Facts
You definitely do sign and agree to it when you buy the home
You need to stop misinforming the public it’s called a “takings” which is fraud on its face if no commerce is occurring at the location being taxed and they take the property for back taxes allegedly owed; a business needs to be on the land being taxed for it to be justifiable; the county will claim “in-rem” jurisdiction when they have zero ownership or interest yet they get away with it because most do not read the law and get in their municipalities face about it and if more did that exact thing and started suing these municipalities for fraud then things would change; but you gotta know the language the definitions and the whole process inside and out to succeed; these fools been committing fraud for over 100 years as a matter of policy custom and practice yet the majority are too lazy to look the information up and study it to see what to am saying is the truth. A situs (a location or place of a business) needs to exist for a legitimate and legally justifiable tax is to be applied to property, otherwise it’s fraud on its face.
Government has become oppressive in the USA.
It absolutely has.
@@MOstix13 If I said what I really wanted to, I'd be in trouble.
@@rdred8693 Hush, hush keep it down , down voices carry....
Has!? Any government that forces citizens to pay taxes, if they want to eat, drink, and shelter is oppressive in nature. It has always been oppressive, but now more than ever.
The government was always agresive.
Fun fact. Property taxes were originally designed to be charged ONLY when a property exchanged hands. It was never meant to be charged annually
exchanged hands, or if a major improvement has been done. but this is a new 'trend' they will do until someone stops them.
It makes sense to only be charged once like any other tax on something
Perhaps they should lower their prop values then
Well property taxes pay roads, schools, police, and justice system and so do not see how that can be financed any other way. To some degree you can vote on the decision makers and choose where you live.
@Greg-qw7xl you don't need property taxes to pay for those things. theres enough money. the root of the problem is you need a responsible government that operates within its financial means
How can you tax a home based on a price that it was never sold for?
Well put! Never thought of it like that
It's an asset which you hold that is increasing in value, it's no different to capital gains tax or income tax. You could buy something for 50,000 and sell it for 300,000 and pay sod all on it in tax and make like 250,000 when you sell it...but if you worked for 250,000 in work income you'd be taxed ridiculously on it when they both income which is ridiculous.
Plus there's a 5% transfer tax when you sell it. Someone else buying a home in your neighborhood should not affect the value of your home if the home is not sold.
You sound like a Republican.
Good for you on the tax issue.
My pest control business pays an estimated tax bill every 3 month. They basically estimate my earnings without any real numbers. This number, just like with property taxes, are basted off what other similar homes in the area have sold for in the last 6 months.
Property taxes should get locked in at the value you bought the property for. The appraisal should only ever be re done if the property is sold.
There it is.
That's basically how California property taxes work except they allow for a maximum 2% yearly increase regardless of how much your property value increases.
What about cash out refinances??
@@mrxman581 That's closer to how it should be.
@@MrStateoftheCity If you are trying to refinance, then you set yourself up for an appraisal imo.
Property tax means you never ever own your home. Period!
it means , streets , Parks , Police , Fire dept , schools , Gov etc. necessary to maintain your Safety and home values .
@@timmaloney6441Fool Money is paper. All they have to do is print money for that not take from people and encourage hardship
Some people really love these assholes in government.
@@timmaloney6441and those funds could be acquired by other means.
It still does not change the fact that you never truly own your home/property.
Paying taxes on something you own doesn't mean it's not yours.
@@kmo20794 Go without paying your property taxes and get back to me. 🤣😂
Just because you're home goes up in guessed value does not mean your income does.
Income tax makes way more sense than property tax.. Unless you know, the goal is to own nothing and be happy
Supposedly your net worth increases and if you flip the home, a profit can be generated.
@@Greg-qw7xl There is no actual cash unless you get a loan or 2nd mortgage. It is just made up value
with no profit unless the owner sells. Kicking people out of their homes or stressing them out for greed, profit poor budgeting and political inability to obtain assistance to the county if needed is not exactly community. Yuck.
To pay tax on market value is paying tax on unrealized gains.
Good point. Corporations do not pay tax on unrealized gains so why should people do for properties? There is no consistency in how laws are being applied.
@@divyapari9164 You are paying a tax on value not on unrealized gains.
@@mgreg8134- A made-up value.
You dress nice. Sure, it's jeans and a t-shirt, but I'll bet it costs. Hey. I think you owe me money. You can afford it. Look at you. I don't care. Find a way.
@@mgreg8134The value is estimated based on the appraisal done every year, which is unrealized gains. This is a gain that may not actually materialize when the asset is sold just like with stocks. So until a sale happens, the potential gain should not be part of the
Taxable amount.
Then sell your house.
"Homeowners"?? Don't pay property taxes and see who really ownes your home.
Renting is for suckers 😂
You ain’t lying. My property taxes and insurance went up and I didn’t even know it. One month I’m paying one amount and then the next month a totally different amount. I may of received a letter about the increase, but who knows. I have to pay it anyway if I want a place to live.
It goes for everything cars included, starting to make sense why some people like being homeless it's as close to true freedom you can get in this jacked up world or at least here in the US.
If you have to work to keep what you have, you are a slave..
Don't move in the "good neighborhoods " if you can't pay to live there.
In Florida a homestead can only increase 3% annually. One problem with that is foreign(out of state) owners file the same homestead claim yet do not live there. Cheating the community out of rightful taxes. So while out of state owners get the breaks, the locals have to make up the difference.
So when the market crashes, do the taxes go down? Bet they never do!!
Yes.
Yes, actually they do...and sometimes you get a surprise "refund" check. At least that's what they do here in Nevada. Not sure about other states.
I don't know, I live in Eastern North Carolina.Got a 3 bedroom ranch.Eighteen hundred square feet my tax is doubled and I live out in the country
Hopefully it doesn’t crash. I don’t own a home but. If 7.4% interest rates won’t crash it then higher unemployment is the only thing that will. Higher unemployment actually kills more people so we can’t hope for that
I seen it go down once but it was so minuscule that it seemed like nothing.
My property taxes were $1300 due to ag exempt for almost 6 years, came 2021 they change the required acres from 10 to 15 so I lost our AG exemption went through appeal process and was told to buy more land to meet new requirement. 2021 taxes went to $15,300. Had to got another job to cover the new payment increase of $1330 every month. Property went for sale 2022. Lost my little ranch, lost my cattle, my horse, got half an acre and mobile home, and I will be able to start saving again.. they give a headache, afraid of loosing everything we had work for. But made it out of that mess. Thank God
I’m so sorry, that’s not right and you can be sure the real estate speculators had something to do with decreasing the ag exemption acreage. They are trying to buy up all the empty land everywhere in the country.
in Alabama my property tax went up from $78 to $150 a year because there building a new high school next door
No grandfather clause? That's BS sorry
I assume you made a lot of money on that sale.
You live in Texas?
🤦♀️My mother’s house in Augusta County, VA went up 69% in one year. No improvements made- the county officials correlated it to their need for increased revenue to pay for a new $2 million county office complex that only they wanted. Greedy, entitled people.
Now imagine how ppl trying to buy homes feel. At least your mothers owns a home something no longer the case for younger generations
@@lithium25693 Very true! Look at all of the people who don’t have anywhere to live. They make fancy promises when they run for office (not calling out anyone in particular) and our homeless population has exploded. And they have the nerve to blame the very people they have caused to be homeless. 🤦♀️ Sorry about the soapbox- I love all people and the homeless deserve better. They are humans too. ♥️✌️
I see a tax revolt brewing in this country. This type of taxation is unsustainable.
My Water Bill is Insane..I growing Stupid ?
The Boston coffee party
Agree.
Might need more than "No Step on Snek" flags this time, tho...
Who's going to lead the revolt?
WHAT ARE THEY DOING WITH ALL OUR EXTRA PROPERTY TAX MONEY???
Sending it to Ukraine
@@ShadowsandCityLights That's our federal tax money... where is our property tax money? We get ripped off by the city, state, and federal government.
Yep
Mismanaging it. I don't know why citizens vote for people with no proven track record of handling money. I was in accounting most of my life and I managed small to medium sized businesses that were successful and I can prove it. I'm also at master at streamlining processes and saving companies money. I have a credit score of 780. I'm the type of person you vote for. Does anyone ever check out the people they vote for? Most people vote party line and so the answer is no.
@@IceLynne I almost feel like they're cheating in all elections. We don't have that many stupid people in society. Something is always too fishy.
People on SSI Only get 11 K a Year to Live On :*
Texas can't survive without taxation.
Texas property taxes are high. I was paying $3,500 a year for a home worth $159k. I sold it in 2019 and moved to Tennessee. I now pay $950 a year on a home worth $550k here. A house like this would be taxed around $10k a year back in Texas.
I think it's ridiculous any place could have a tax rate like that. You're basically paying rent to the government for your own property at that point
@@pauld.b7129 That's what happens when there's no state income tax. I don't know why you think you deserve to have free infrastructure.
No state income tax equals high property tax. The same for Florida. You pay one way or another...
@@matthewmoore7447nope that’s what happens when you allow BIG corps to come here and NOT tax them, there is no reason people should be getting priced out there homes.
@@lyfeofbill2764 Tennessee has no income tax and super low property tax, we are one of the last free states left in the nation.
Appraisals vs what you can actually get for the house are two very different things.
I bought my house in 2000 for $88,000. I promptly spent $30,000 on an addition, roof gutters, etc. Now in 2024 the tax people say my 1,200 square foot home is worth $600,000!! Of course my taxes have gone up and my home insurance has skyrocketed. I' m 78 years old, retired and a small income, but no one in local or state government cares or will even listen!
@@user-ip5dm6jf8k Welcome to the USSA. A lot of ppl Love this system until it bites them in the ass and all those times they had to fight back, they just laughed and thought it would never happen to them.
True of a lot of things. It's a priceless antique if you are trying to buy it and an old piece of crap if you have one to sell.
Yeah? But right now, the properties have been selling way above assessment values here.
No end in site right now.
What do they care? The officials setting the "appraised" property values make 2x - 3x times the standard salaries within their districts. a.k.a.: it doesn't affect them in the slightest. Why?? Because property values aren't based on the owners' income. Give Democrats enough time and that will be the case. That is the same reason, I will never support the flat tax idea, as long as there isn't a constitutional amendment abolishing the standard income tax. What they will do is ACT as if they abolishing the federal income tax, then years later, reinstate the income tax, all the while, keeping the flat tax. We already pay taxes on our own hard-worked labor... then sales tax... then property tax... Where does it end?
Taxation without Representation.
Exactly!
how so they got voted in, this is america
The world economic forum. You will own nothing
Via rigged elections
Nope. Texans elected the representatives who set the tax laws. The only people at fault are Texan voters.
This is the third video on this I’ve seen tonight! I loathe property tax. My elderly friend lost his PAID OFF home due to his property tax skyrocketing. It’s horrifying.
50% is insane. There needs to be a cap especially for those under a certain income
Power, Money, Greed and Control! Watch homelessness, mental illness and crime skyrocket...
It already is
This is the globalist plan of destruction. Just wait until they collapse the economy and you'll see these thing really skyrocket.
Everyone cries when criminals are set free by on the street by our judges then they cry when their taxes go up to build new prisons and jails to house the criminals, people need to learn to suck it up and pay your taxes or downsize into something more affordable.
Yup
Well, their motto is "You will own nothing and like it"
My parents house was appraised this month at 400k...insurance went thru the roof! They bought the home 7 years ago for 170k. Scams are hard at work these days
This is state wide! Same crooked thing going on in Victoria County. I advise all residents to look at the Officials taxes, if it's the same as in Victoria, Texas, they miraculously didn't have their property values go up in the last 4 years!
Just wait, it’s going to get way worse.
yeah, it'll come in the form of dramatic rent increases...
You are so right! Unfortunately it's everywhere.
I think they'll let Trump become president before they crash it all down just so they'll have someone to blame it on.
It'll come in the wealth tax. They want you to own nothing.
Weffers ! You will own nothing
"Property value" doesn't matter if you're not intending to sell your property.
Yeah , but you still have to pay higher property taxes, if the value of your property increases. You can payoff your house and retire in it, but your property taxes can eat up your retirement pay. Then you will be elderly and have to sell your dream home.
That's how they base the amount of taxes you pay through. The more money they need the higher the value they place on your property
@@jamesdannelly6760No. It's based on what your neighbor's house sold for. Tell your neighbors to sell their homes for less and you'll get lower property assessments.
@mrxman581 not in Florida. They determine how much money they need then access the taxes according to that. Has nothing to do with real-estate sales
It matters if you're cashing out equity
Hahaha, you thought passing a tax reduction bill was going to stop the gov’t from trying their money!
😂🤣😂🤣😂🤣😂🤣😂
People need to pass amendments to limit property taxes to percent of original purchase price, then limit the yearly percentages similar to California’s prop 13.
The city is lying...
Big line at the library
Real estate listings in the area shows they're telling the truth.
so vote for someone else
@@robertmanley2687
here in seattle they are shutting down libraries, temporarily they say
To pay tax on market value is paying tax on unrealized gains. Very unfair. And the city/county/state has no increase in expenses to justify this additional income. Its a racket.
exactly!! I was explaining this to one of my colleagues. I used the analogy of having to pay income tax on the unrealized gains of your retirement account every year, then paying capital gains when you finally start selling your holdings.
It's fraud and unconstitutional
@@kylereese1087The seller doesn't pay the property taxes when it's sold, the buyer does.
That's not analogous. Why? Because property taxes are used to run the state. A more appropriate analogy would be paying broker commissions based on the increase in your investment portfolio.
My property tax went up 76% last year, and again 33% this year. Absolutely crazy!
Maaannnn. Happened to us in GA. Ridiculous! I’m appealing this year. I feel so sorry for the seniors.
Property tax should be based only on the purchased price. This will put out retirees and those on a fixed income.
Yes, that is how it works in CA, thanks to Proposition 13.
Hear me out, there should be no property tax :/
@@ablamill8357So how do you run a state? You guys don't pay personal income state taxes either. Running a huge state like Texas takes money.
@@MD-ky4hoKind of. In California increases are limited to no more than 2% per year and several times it has been less. And, it's only fully reassessed at current market value when the title changes ownership. So, longterm owners have much lower property taxes than newer owners.
Nobody should be paying property tax on their personal residence.
It's more like the people in the government want to raise their pay
That’s not how that works but keep telling everyone on the internet you have an opinion but not the knowledge.
That’s exactly how it works…….vote red🇺🇸
@@saythankyou111 it’s not, it’s absolutely not. The only people who do have that luxury are in congress & the ones who vote to raise their own pay are Republicans 🙄 The majority of government workers are on a pay scale that is predetermined. They have no negotiating power AT ALL nor can they enact a change to said pay structure.
@@saythankyou111 www.opm.gov/policy-data-oversight/pay-leave/pay-systems/general-schedule/
Best jobs in the world are gubbermint jobs. Being a Paid grifter is a nice career. Look at Washington DC, for example.
Americans need to do away with property tax. When you sell or purchase a house, taxes are paid. Why then do you need to pay taxes again and again? BS system.
Precisely why I sold my homes several years ago in the states. The system is corrupt imo so I will be buying a home overseas where taxes are thousands less and very little increases in properry tax.
And then the school districts have been announcing how they're "magically" expecting multi-million dollar budget shortages? WTF?! HOW IS THAT POSSIBLE?!!!
Well, we have to afford to fight the devil's war.
Lol they dont want to educate kids that money goes into slush funds and civil servants somehow become millionaires
The police take it All. They need as many military TOYS as possible.
There is no justification for this antiquated system. I am fully convinced the system is purposefully designed to push homeowners to a breaking point where they are forced out. New owners are then subject to higher taxes without the benefit of the homestead exemption the previous owner enjoyed. That equals more revenue for the GREEDY MACHINE. You cannot TRULY own a home while this form of highway robbery exists.
#BlackRock
And your 401 k is buying the land for the the fund holders….antitrust for sure🇺🇸☠️
Well said!!
You will own noting and be happy.
IMO as long as you have to pay property taxes you don't own anything. Don't believe me, don't pay you taxes and see who the real OWNERS are, hint hint it's NOT the bank.
You need to vote in prop 13 now and limit property tax increases to no more than 2% a year
Back in the late 60’s Howard Jarvis was ahead of his time in California, thank god! He was the author of proposition 13, the state is still feeling the results of that legislation.
Lol....property taxes and insurance is the new hustle, more than the mortgage...Absolutely Krazy......
You forgot interest rates
Also forgot, its nothing new!
I almost pay as much in insurance as my house payment now. 1200 payment. 800 insurance and taxes
Nothing new
Just after 2008 when property values tanked, taxes were maintained at an artificially high rate by taxing authorities by raising the multiplier factor. This was supposed to be temporary, but became permanent. Now, with exploding values many are really getting gouged. The whole system is massively flawed.
That's because there is no individual state income tax. Which ultimately puts the onus on long-term property owner retirees because they no longer have individual income to tax. So, retirees that have been in their home the longest are left with the shortest end of the stick. They're house rich, but cash poor.
The idea that you would pay an increased tax on something that has little to no intrinsic value is insane.
I wonder if these assessments include any depreciation for the HVAC system, roof, etc.
No way you should pay a tax for having a roof over your head. That's a basic necessity. It shouldn't be taxable if you own only 1 home. That's a basic necessity for all American families.
This is a racket, between appraisers and corporations/conglomerates. Needs to be stopped on a country wide level.
make a law requiring county appraisers to purchase property at the full appraised value if the property owner wishes to sell. this will fix it because they would have to put their money where their mouth is
You left out local governments who benefit from the scam to provide raises to local government employees.
They need the money to pay their Public Pensions.
Everything's bigger in Texas. .. isn't that the saying?
World economic forum. You will own nothing 👁
No, they need money for the “migrants.”
@@MD-ky4hoIt's You know it's Texas,or are you ignorant? Real estate taxes have always been high.
The jobs are going begging. Why not just take one? and get a defined pension. I see nothing wrong with admitting you are a loser at 45 and just taking something safe for yourself and your family. No need to get all whiney and jealous, just start applying.
It makes me so sad to know that we really never own anything. There is absolutely no such thing as home ownership. Even if you paid it off, of you don’t let them bleed you dry they will come take it from you. That depresses me. I don’t know what to do about it :(
this is so stupid.. you go to the protest and the appraisal guy just puts up the comps and they are all flipper homes.. those homes were bought at a discount and gutted then rebuilt and now they are charging a huge markup... so the people who have lived in the neighborhood for years get screwed because the appraisal guy uses the flipped prices... its a total ripoff....
There shouldn't be any recurring taxes on properties that aren't used to make money.
Your home benefits from city infrastructure which isn't free and needs to be maintained. That includes education, police, water, trash, sewer, and a whole bunch of other stuff.
@@mrxman581 Not sure how it is where you are, but the state I was in, all those services were taxed separately. The majority of property tax went to schools (and as a childless person, I have issues with having to pay and how that money is unevenly distributed - but that's another discussion).
I'm also no longer in the city and if my property tax is spent on services, I have a very hard time seeing it as the dirt road to my home barely gets any attention and the fire department asks for a membership fee.
@@jabba334were the only country that taxes homeowners to fund education. We need to change that it’s the reason that education is so bad from one state to another
@@mrxman581that could be addressed with sales taxes
@@mrxman581 We pay various other taxes besides property tax. Property tax need not be eliminated but making it a tax on unrealized gains is absurd. Corporations don't pay tax on unrealized gains so why should people pay tax on income they never got to see while taking on full speculatory risk??
They raised the value of their land in order to tax it
The world economic forum. You will own nothing
Just build an apartment building and rent it out. Screw the government.
Imagine purchasing a house this year and having to move the next because you can’t afford the property tax, oh wait, that’s happening now. SMH
What people don't understand is that your property tax is another way of saying, "Pay to Play". Everybody who lives in the city has to pay their fair share for all the city public services that are around their area. What the city officials are not telling you is that growth and population increases will increase the expense burden that they have to endure. So that's why they appraise it more. Appraising it is just another way of saying, "you owe us more because we need it". By the way, if you haven't noticed by now, public school districts are the biggest consumer of this tax
For someone not planning to sell, it’s terrible to arbitrarily demand more money like that. More libraries? More police? Hog wash.
The WEFFERS plan. 👁 you will own nothing
It's not arbitrary.
Who uses the library? Police? Yeah more cops write more traffic tickets and extort us more. This government needs to be reminded where their place is and its not over the people, it's for the people.
@@mrxman581 Right. They nail everybody at once.
Not seeing any of that. They just keep on increasing it.
It’s an obvious strategy. Raise the value of the home to raise the property tax. To be honest my home is not worth 700,000 I’d say top 400 grand. Yup my property tax went up.
Yup and the local city commissioners get to say "we haven't raised the tax rate. it's the same rate for the last few years". meanwhile the appraisal district runs cover for them by inflating property appraisals which have the same effect as raising the tax rate. but the politicians get to fool the folks by saying "its not us its the appraisal district". then the appraisal district says "were doing what the law tells us"
You're competing for ownership of your own home with future generations.
A tax appraisal should be considered a cash offer to purchase by the government. That would get them to think twice about their valuations before taxing people’s homes.
This why I always say, you'll never ever own your home. NEVEEEERRRR!!!
Your taxes COULD increase means that your taxes WILL increase !
They also can drop when the market fixes it self.
@@channelofstuff6662 Except they don't automatically drop, you have to appeal in court for depreciation.
@@Misaka-gt5yj
in california with a conventional loan it changes up and down depending on the market yearly.
Oh move to Texas no state income tax. Problem is the state has to get revenue somehow. And property taxes are 1 way. When you are retired, no state income tax is not a concern.
exactly. My family lives in Texas and I'm not retiring there if I can help it.
Think of all the tax giveaways state government gives companies. Corporate welfare folks. Who do you think hires the illegal aliens? Corporations and small businesses. Aim your ire at them and the GOP who refuse to bring legislation on that matter. You all keep blaming Biden but Trump as shadow President dictates to Congress. Only the little people pay taxes while your billionaire oligarchs pay low tax rates. They through their media empire manipulate morons to vote against their own best interests time and time again. Stupid MAGA never cease to amaze me.
Same in Florida
Abbott and Desantis burn through the state coffers like no one is accountable but the taxpayers! Desantis took over the Disney district and created millions in NEW state payroll where there was NO cost to the taxpayers previously.. Abbott stunts at the border are costing Texans millions, when the Federal government does it for free!.. now local governments are following suit.. creating committees to ban books cost taxpayers $$$$.. elected and municipal employees have high jacked the taxpayer gravy train!
Stop paying taxes!
I guarantee you, when property values go down those appraisals won’t be seeing immediate revision.
This is why I make 0 repairs or upgrades on my home.
Jackson County, MO (Kansas City), raised property taxes 20%-400%+ just because the County executive said so. People can’t afford to pay these here, but it falls on totally deaf ears. The people in charge of all this can’t explain how or why it was done, nor can explain their so-called ‘formula’ used. The county executive’s property taxes went up only 7% while the houses on either side of his went up 30% each. Get the state officials involved, and hopefully lawsuits are filed against the county for their thievery. This is Taxation without Representation.
How do you tax someone twice on property they’ve already bought? It’s getting as bad as the British.
they couldnt vote you can
@@HomeAloneGaming1 our votes don’t make a damn difference anymore when congress does work for the American people anymore. Unfortunately. That would be great if they did.
Rigged elections mean taxation WITHOUT representation
@HomeAloneGaming1 we did vote. We voted to lower the property tax rate. So they just increased the appraisal value.
@@user-sf7lv4jm4cThis has nothing to do with Congress. This is a local Texas state issue.
You can all protest your valuations.
They are appraising Texas homes at 100%. Other states don’t do it this way, it’s always like a fraction of the value.
Homeowners tax rate should not be based on what the homes are selling for. Company’s will soon own all the homes and force the public to pay rent it’s not America
if the value's go down they don't lower the taxes.
yes they do, you're clueless
💯
@@slowery43 i have a house and when values went down years ago the taxes did not go down.
@@slowery43 They dont lower the taxes. Typically, if property values go down, the property tax percentage goes up.
Correct, when property values tanked in 2008, our property tax appraisal did not drop. It actually went up even thou home values were half they were.
My small town used to do appraisals every 3 years then the changed it to yearly about 3 years ago now its every 6 months. Its also gone from a simple part time job to a full time one with its own town office. Our effective tax rate is going up about 20% every year now. Its crazy when you tax bill goes way up mid billing cycle. We have maybe two more years left of these increases before we have no choice but to sell. At that point out tax bill will be more than our mortage. Let that statement settle in.
Of course as soon as they sell they want the appraisal value to be as high as possible lmao
Nebraska…taxes last year $2600, this year $5300!
wtf
God damn
That’s f-cked 🆙
Yes, please mail in your protest. We will reply within 3 years. Thank you for your donations!
That woman needs investigated. She is way too happy about raising taxes.
Yeah? Too bad sweetie for you.
"Its good to be the King"
She doesn't raise the taxes, the people you elected do. Look in the mirror. Blame that person.
@@mrxman581 No. She is the accessor and is taking liberties with how she accesses properties.
She has the power. She only doesn't want to let you know she has the power. She hides behind statements like "required by law" to justify her outrageous appraisals.
@@starwalk3r All gov officials are like this. It's always someone else's fault. The building codes are insane and add unneeded complexity and high cost to build a new home yourself. So you have to pay engineers to design a small house. Add to that, they force you to ask permission, to which they force you to pay thousands to them just to get started. Something has to give.
Property taxes should be outlawed. There should be other forms of tax to make up for it that are not tied to our homes. If we own our land then we own it outright. There should be no need for the government to keep a string attached to our private property.
Northern VA did the same! It’s a MONEY GRAB!!!
soon everyone’s appraisals will be in the millions
My mom bought her house in 1970 for $26,000. The smallest house near her home just sold for $1.1MM. She will never see the benefit. They should tax me not her.
not if you vote
@@HomeAloneGaming1 ROFL no candidate runs on raising taxes but they go up anyway. What has voting accomplished?
@@HomeAloneGaming1 Vote? LOL! Oh, you sweet summer child...
Vote in a Tax Cut then the County Appraiser comes out and doubles your Appraised Tax Value. Perfect
Should have voted in a proposition based on the purchase price, not the appraised value.
Thats what I was laughing at when the legislature passed an increase in the homestead exemption. I was like "the appraisal district will just raise everyone's values by $100K which wipes out the exemption".
You can sure as hell bet when the housing market bubble bursts, taxes will not go down…..time for the public to drag these assesses out of office …local, state, federal….
It should be law, that if the government appraises your property for a certain amount, you should have the option to pay the amount of taxes, or the government must buy the property from you for the appraised amount.
10% allowed by law. That's high. Very high for something as expensive as property tax.
So full of it "The market is hot"...BULL... blatant extortion!!!
The hot market died 2 years ago. No one can qualify for a home loan these days.
In the real world we would call it a basic necessity, when something is vital to living. Not a hot market.
@@kbrown5218 Four or five years ago land in my area was around 4 to 5,000 per acre. Now they are 35 to 40,000 per acre.
As soon as they finish a house someone is moving in.
Mind you i live in a small city in SC and i see alot of northern tags on cars moving in.
The world economic forum. You will own nothing.
Yea what can we do?
People have to do something with these crooks, they are just robbing the public.
This has to change during the pandemic my taxes rose 50% instead of going up since 2022. I know people taxes that went up 75%. It’s ridiculous and I live in Pennsylvania.
It’s a kings tax this country is out of control
Exactly, and what do we get for it? Trillions in debt, cash to other countries/wars, failing infrastructure and education.
It actually IS a kings tax, Charles that is. The last speech he gave concerning global issues was a pronouncement that govts. will be raising taxes to pay for the green agenda, which Charles is head of. We are paying the part of poorer countries to make up their shortfall and give the King his desired trillions for his global climate change garbage. If you don't believe this, LOOK IT UP. That is all.
I see everyone is out here getting it in the rear with no Vaseline
What, not even dinner first?
Prison style ( 😵)
I love everyone in this comment thread hahaha sooo true
That's worrisome now that we learned men can get pregnant.
Not even Vaseline, They are using discarded engine oil from the landfill!!
Appraisals go up, but never go down when the market decreases.
There should be exemption allowed to certain amount if it’s your primary residence like here in Hawaii. They knock off 300k here in Hawaii if it is your primary. Not much considering avg house is around 1M but anything helps.
At what level does excessive taxation become a 5th amendment taking?
Usury used to be against the law.
Only when it's applied to Elon Musk
When we say so
Your rigged elections mean taxation WITHOUT representation
😂😂😂 u guys won’t do shit…cowards.
Got to pay for the migrants 😮
migrants is federal, property taxes are local. nice try cockservative
U mean the ones that crossed the ocean 😂 YOURE right those migrants need those pensions
I thought Texas was taking your property tax to ship migrants outside Texas? Maybe Texas needs to stop sending them via first class.
Tell me why single family home property taxes are necessary to begin with. Out of all the other taxes collected, why do you need property tax? Don't say to fund schools, police, and firefighters. That's hogwash. They tax everything else. Pool it all up and fund what you need from that. And why do your taxes go up when your assesed value increases? Does the state or township take responsibility for the property and the home if any damage occurs? Tell me why are they charging anything? I say taxes paid on the intial purchase of the land is enough since the owner is now responsible for everything that goes on on said property afterwards.
They raise it when the market goes up but do not lower it when the market goes down.
Anyone contemplating a move to Texas should be warned.
I call bs. If you can't pay for police/fire etc with sales and income tax there is something seriously wrong with the system.
Spending is out of control.
Here in Lubbock, TX, the property tax on a $500K house is about $20K, and Lubbock is a total dump. Soon you're gonna see a lot of moving trucks driving out of Texas!
That’s worse than a mortgage!
@@aliannarodriguez1581 Only a fool would move from California to Texas. Your property tax per month is more than your mortgage and insurance combined!
I just got taxed out of my house and am now forced to leave. Been in my house for two years. Suddenly the payment went up 1k per month When I called they said it was because it had been reported that they had appraised my property as a lot with no house and now that there was a house on it they had to begin charging normal rate plus the back tax shortage that wasnt paid. Could not beleive. Then I tried to sell it but cant sell for what I ow because the home values in my neighborhood have fallen. Makes no sense. So Now I have to walk away because I cant afford to pay 1300.00 a month in property tax.
So if you had neighbors who got low interest rates and put $50k+ in FLIPPING the house then sold to make a profit, YOU have to pay more taxes 🤦♀️ (even if you got your home for a lot less years/decades prior)
Government wants their cut
What do you mean want their cut? They are the one spending like crazy. Maybe they should cut back on spending
@@SL-fh7yv Taxes
World economic forum.👎🏼👎🏼
I don’t see how the tax goes up that high. It’s a shameful
The answer to appraisal price hikes is you should be allowed to call there bluff & the city needs to buy it. You say that field is worth 50k, then buy it.
Excellent idea!
If they say it's worth so much, and then you see you have a huge repair bill, you should be able to stick them with dealing with the repairs, and cash out. After all, they're lying about how much they think the property is worth, so fair is fair.
And you wonder why California's Prop 13 was so important back in 1978, and why it is so vitally important today... if only other states would adopt this measure, it would protect owners from having property taxes skyrocket out of control, where in many other states it is an ongoing problem. Yes, there may be cheaper properties in other states, it is the property taxes that make even a more affordable home less affordable with the rising costs of property taxes.
Grusome want to get rid of that from what I hear. Not all was lucky enough get in on that before the boom.
@@gcman1111 There is a lot of organized theft going on here in California, and as long as we have these people running our state into the ground, I bet they'll manage to screw up Prop 13 too. However, they're already finding new ways around that, and yeah, we haven't seen the worst yet... it's coming.
Florida has the same law as prop 13
@@gcman1111He can’t get rid of it. It has to be voted on by voters, and voters are not going to get rid of it.
But I have to admit, the politicians keep coming up with other propositions to try and circumvent Prop 13.
I remember when that was voted in.
Used to be a great state back then
Why not lower the tax rate as the prices go up?
Also, why when property values go down the towns, never seem to reevaluate the properties in the downward trend to lower taxes
That’s how it is in Tennessee.
Assessment increases can’t be used to increase the budget, so the rate goes down.
There is a company that creates a graph of cities for where taxes are generated and spent. For all the cities that have paid for the service so far it’s shown that suburban areas are subsidized by other areas, including poorer neighborhoods.
What are the comps of other lot sales??