Property tax is theft, PERIOD. I know that's not the ruling here, but I want to remind everyone that cases like this wouldn't exist if we actually owned our homes instead of paying a perpetual lease to someone (US Gov't, Queen of England?).
I agree. Every time I do improvements to my home and farm, taxman, pokes his nose in my business. The reason for permits, it’s not for safety, but to alert the taxman that you were making improvements on your farm or house.
They are very greedy. He over, assessed my home and Barn, which add an additional $700 per month on my mortgage. He even taxed the tiny patio that I poured concrete so I wouldn’t have to step in mud.
He told me each loafing shed would accrue a $3500 tax assessment, and if I put a riding ring in the price of it determines if it’s an all weather ring with fancy footing.
We had a nice conversation, in which I had to justify why my barn shouldn’t be taxed at top-tier and I explained about the mortgage increase due to property tax. He did drop me some hints on what they charge when improvements are done to the property.
I want to finish the basement, but North Carolina law says I have to pull permits for electric and plumbing, even though it’s to code.
Just put it in a trust last week. 😉
Now I can go back and get my taxes lowered? I know if I make under 50k a year, I won’t have to pay proterty tax. If I happen to win the lotto and only work part time and make under 50 K a year, do I still have to pay property taxes?
I believe the theory behind this is you no longer own the property. The trust does. Trusts can be private and the city/town has no right to access it in order to find out who the Trustee is. You could also post your property and not allow the assessor on it, making it more difficult to see what improvements you've made. Never let them in the house. I've never once gotten a permit for anything, including room additions, a two story deck, patio covers, major electrical and plumbing work. Nope. Asking permission to improve my property is not a thing.
Property tax is theft, PERIOD. I know that's not the ruling here, but I want to remind everyone that cases like this wouldn't exist if we actually owned our homes instead of paying a perpetual lease to someone (US Gov't, Queen of England?).
I agree. Every time I do improvements to my home and farm, taxman, pokes his nose in my business. The reason for permits, it’s not for safety, but to alert the taxman that you were making improvements on your farm or house.
They are very greedy. He over, assessed my home and Barn, which add an additional $700 per month on my mortgage. He even taxed the tiny patio that I poured concrete so I wouldn’t have to step in mud.
He told me each loafing shed would accrue a $3500 tax assessment, and if I put a riding ring in the price of it determines if it’s an all weather ring with fancy footing.
We had a nice conversation, in which I had to justify why my barn shouldn’t be taxed at top-tier and I explained about the mortgage increase due to property tax. He did drop me some hints on what they charge when improvements are done to the property.
I want to finish the basement, but North Carolina law says I have to pull permits for electric and plumbing, even though it’s to code.
You need to look into putting your house and property into a trust under the original land patent. Then you can tell the assessor to kiss your ass.
That's interesting. Do you have a link to this process?
https://chainoftitleresearcher.com/land-patents
Just put it in a trust last week. 😉 Now I can go back and get my taxes lowered? I know if I make under 50k a year, I won’t have to pay proterty tax. If I happen to win the lotto and only work part time and make under 50 K a year, do I still have to pay property taxes?
I believe the theory behind this is you no longer own the property. The trust does. Trusts can be private and the city/town has no right to access it in order to find out who the Trustee is. You could also post your property and not allow the assessor on it, making it more difficult to see what improvements you've made. Never let them in the house. I've never once gotten a permit for anything, including room additions, a two story deck, patio covers, major electrical and plumbing work. Nope. Asking permission to improve my property is not a thing.