Currently you don’t own your house, you rent it from the government. This has put many retired people out of the house they’ve lived in for many years. Not fair.
That's very true unfortunately. I say some version of this when I come across these threads but there are different types of ownership in our world currently.
If you "own" a house in this country (there are some exemptions but they're rare and always under attack) you do not own the property, you own an indefinite interest in the equity of the property. This system harolds back to the Feudal via a type of ownership called Fee Simple. In this system a person (or entity) owns the equity of a plot of land for an indefinite amount of time until A) They sell it or B) the real owner (city/county/state/federal gov) decides they want it back and force a sale through Eminent Domain. That's because one, or a combination of all, of those entities actually owns the land itself and therefore has ultimate ownership of it. That's why they can regulate what you do on/with the land, tax it, and take it back (with "just" compensation of course).
The only way to outright own land is through the acquisition of Allodial Title. With that type of the title, the contract of ownership is between you and God. No one can take the land unless you sell it, no can tax it without consent, and you can do whatever you want with it so long as you not harming/injuring your neighbors.
Until we have Allodial Title back, land ownership with simply be dignified Serfdom that the government isn't full exploiting until they decide to again.
I've said this before but I'm going to keep saying it. No property taxes on ones primary residence makes sense. But please for the love of God continue taxing the property held beyond that. Somebody with 100 rental properties should 100% pay taxes. Otherwise wealthy investors will hoover up all the property and sit on it for free.
Land is another topic, I think a reasonable amount of acres could be untaxed but those with tens of thousands of acres should not be let off the hook
A greatly reduced rate for agricultural use would prevent people or corporations from sitting on land. In Colorado they have a special rate so the work around is that developers lease to a cattle company or farmer to work the land. There has to be something to close that loophole
It wouldn’t be about that, it would be to prevent someone from being able to accrue controlling interest of too much property.
If it’s needed, sure, but attach a cost to it.
The U.K. Has been one landowner for a long time, for instance. In Canada, one entire province is effectively controlled by a single person (but still owned by the crown).
It may still be a bad idea, but it’s worth discussing.
FYI to both, taxes on rents are constitutional, and should not go away.
Every plant has a root and the seed is Satanic. I won't deny the roots for the sake of discernment. From 40000 feet, this is discernment. The international works only for himself and shares his wealth only with those willing to sell out their own.
Farms at the edges of cities and suburbs are always targeted for conversion to property tax revenue generators. 100 acres becomes $40M+ for the land developer (minus fees, kick-backs, and keeping regulators employed), another $20M+ to various contractors, and $2M-$3M per year in tax revenues. City councils are typically run by those with skin in the game, or a desire to control the population i.e democrats (in which case you can double all those numbers).
Right if you own a large lot they can just charge you a lot per acre to make it unaffordable for the original owner. Forced to sell of to developers and the suburbs grow
During a previous property bubble, there were many seniors living in the Lake Tahoe area that were forced to sell their homes of 30 years or more. Property values had exploded into the stratosphere and there were several cases of seniors who were forced to sell because they could not afford the property taxes. It was truly sad and shameful that officials could not find a work around for these seniors.
For exactly this reason, one of the good things CA actually did was to pass prop 13 in 1978 that capped property taxes for homes owned prior to passage. Surprisingly this was done under Dem Gov. Jerry Brown. Because of prop 13, my aunt is still living in her home purchased in 1963. At this point, my aunt is among the few remaining residents in CA still taking advantage of the break. My aunt is in her nineties and continues to live on her own.
The best solution is to eliminate property taxes all together. But at the very least, there needs to be a similar accommodation that applies only to the homes specifically of seniors that has been their primary residence for a number of years. Like prop 13, it would cap property tax increases and peg the value of the property to an earlier date, such as purchase date, and not to current market values. This way seniors can stay in their homes, still pay taxes, and not be forced to sell because they can't afford to pay the taxes. It would not apply to recent new purchases or rental properties. It would only be a small carveout in the scheme of things that would not put a huge dent in budgets. Abolishment of property taxes all together will force municipalities to find another way to tax citizens to make up for the shortfall because they are addicted to the money.
It says something though, that housing inflation can get so bad that retired people basically end up unable to even afford the property taxes which end up being probably more than the paid for the thing (if you add up the property tax for a few years)
That is exactly what happens. These people are in their homes because they simply wanted a place to live, not because they were searching to make a profit. Speculators in the property sector have driven home prices up to the point that the average person can't afford to buy and those who just wanted a place to call home are forced out because of the rising values.
Yeah and think about it. Those people haven't worked for
20-30 years. You have to maintain enough of a nest egg so that you can keep paying those property taxes. Using the internet and capital gains. The taxes are probably as much as the mortgage monthly payments you started with.
Salaries were lower when these people were working. So you had to save a significant percentage just to maintain your presence
Exactly. As a retired person myself, there are worries over the constant increases in living expenses that continue to put a bite into limited income streams that do not keep pace. You work for decades to prepare for your life post employment only to be faced with challenges to maintain a roof over your head. Slowly but surely "they" are forcing everyone to become renters and stripped of assets - a serf class. Our founding fathers are rolling in their graves.
There are countries that exist with no property taxes. So it isn't a novel concept but one that the US clings to because it siphons generational wealth from many Americans to government institutions that becomes bloated.
One of the very few things California was on right track with, was Prop 13. They just screwed up the implemention.
Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that properties be assessed at market value at the time of sale, and allows assessments to rise by no more than 2 percent per year until the next sale. This means that as long as property values increase by more than 2 percent per year, homeowners gain from remaining in the same house because their taxes are lower than they would be on a different house of the same value. Proposition 13 thus gives rise to a lock-in effect for owner-occupiers that strengthens over time. It also affects the rental market, both directly because it applies to landlords and indirectly because it reduces the turnover of owner-occupied homes.
If you buy a home when you're 25 years old, and stay in that home for the next 40 years, Prop 13 makes a difference. Yes, he's not paying as much as his new neighbors. He's also been in the neighborhood longer than his new neighbors. That helps establish and provide stability to the local area. (He lives there and has skin in the game.) And if he stays long enough, provides stability in his retirement. Now if he wants to move, he does so knowing he's going to pay prevailing property tax on the new home, just like the buyer of his old place is doing. His decision ... but HE makes that decision. Not the gov't.
Where California fucked up was :
not restricting it just to the homeowner's single primary residence, the residence used for voter registration, and
creating an 'exception' for 'transfering' existing prop 13 tax eligibility to family members and/or a new location.
Well that's all well and good, but who will pay for the local politicians, the library, the schools, the police, and the county government offices and people?
I may not like paying property taxes, but I dont see how many of these things will be paid for without property taxes. And it wouldn't be from sales taxes here as I live in a very rural community.
Your sales tax would indeed go up. You will also be forced to cut out all the bullshit. Your highschool sports programs would go back to being funded by donations like when I was in school. It will be fine. It was before they started holding your property hostage and uping the taxes on it until you can't afford it anymore. Which is happening many times a day at this point. People who spent 30 years paying off their mortgage just to have their home taken from them because they are now on a fixed income and can't afford the taxes.
That's the real evil. Not losing libraries. Which you won't.
Property taxes are a scam and are mostly pocketed by your local politicians and the people who own them.
This X 1000. And we should prepare for state and city taxes to increase as govt handouts to each state slow down. Voting with your feet is coming at some point.
This needs to happen. We don't own anything we basically rent our homes and the government can take them for unpaid taxes. Like serfs on the lands of feudal lords.
Commie govt Dewine just vetoed property tax relief in ohio....never mind the Ohio supreme Court ruled decades ago it was illegal to fund schools that way
I can certainly agree with this. My property tax was, I thought high when my wife and I moved in almost 23 years ago. Now it is extremely high-almost two mortgage payments worth. So I can do without paying real estate taxes.
But then how will Ca, and other states insanely appraise private property that they want, such as seaside properties, or farms, and tax them into poverty so they are forced to sell their land?
Currently you don’t own your house, you rent it from the government. This has put many retired people out of the house they’ve lived in for many years. Not fair.
That's very true unfortunately. I say some version of this when I come across these threads but there are different types of ownership in our world currently.
If you "own" a house in this country (there are some exemptions but they're rare and always under attack) you do not own the property, you own an indefinite interest in the equity of the property. This system harolds back to the Feudal via a type of ownership called Fee Simple. In this system a person (or entity) owns the equity of a plot of land for an indefinite amount of time until A) They sell it or B) the real owner (city/county/state/federal gov) decides they want it back and force a sale through Eminent Domain. That's because one, or a combination of all, of those entities actually owns the land itself and therefore has ultimate ownership of it. That's why they can regulate what you do on/with the land, tax it, and take it back (with "just" compensation of course).
The only way to outright own land is through the acquisition of Allodial Title. With that type of the title, the contract of ownership is between you and God. No one can take the land unless you sell it, no can tax it without consent, and you can do whatever you want with it so long as you not harming/injuring your neighbors.
Until we have Allodial Title back, land ownership with simply be dignified Serfdom that the government isn't full exploiting until they decide to again.
Two words: FEE SIMPLE
The craziest thing is the sheer quantity of ways and people that can take a piece of property ftom you even if you owe nothing.
Yep - but INCOME TAXES = MUCH BIGGER SCAM.
I've said this before but I'm going to keep saying it. No property taxes on ones primary residence makes sense. But please for the love of God continue taxing the property held beyond that. Somebody with 100 rental properties should 100% pay taxes. Otherwise wealthy investors will hoover up all the property and sit on it for free.
Land is another topic, I think a reasonable amount of acres could be untaxed but those with tens of thousands of acres should not be let off the hook
yes ^^, this ^^
I like your ideas, fren!
A greatly reduced rate for agricultural use would prevent people or corporations from sitting on land. In Colorado they have a special rate so the work around is that developers lease to a cattle company or farmer to work the land. There has to be something to close that loophole
Good idea, that sounds reasonable enough.
So you want the ultra wealthy to carry a larger part of the tax burden? Because that ship just sailed. Look, it's just past the harbor. Wave!
It wouldn’t be about that, it would be to prevent someone from being able to accrue controlling interest of too much property.
If it’s needed, sure, but attach a cost to it.
The U.K. Has been one landowner for a long time, for instance. In Canada, one entire province is effectively controlled by a single person (but still owned by the crown).
It may still be a bad idea, but it’s worth discussing.
FYI to both, taxes on rents are constitutional, and should not go away.
u/Cuomos_nipple_rings
Yayyyy the Jews win again!
billionaires of every stripe.
Every plant has a root and the seed is Satanic. I won't deny the roots for the sake of discernment. From 40000 feet, this is discernment. The international works only for himself and shares his wealth only with those willing to sell out their own.
What college did you attend that indoctrinated you to hate wealthy people to this extreme?
Does it trigger you that Q+ is a billionaire?
Yeah! This is one of my causes. Ever since my Great Aunt had to sell pieces of her farm off to pay the property taxes.
Farms at the edges of cities and suburbs are always targeted for conversion to property tax revenue generators. 100 acres becomes $40M+ for the land developer (minus fees, kick-backs, and keeping regulators employed), another $20M+ to various contractors, and $2M-$3M per year in tax revenues. City councils are typically run by those with skin in the game, or a desire to control the population i.e democrats (in which case you can double all those numbers).
Right if you own a large lot they can just charge you a lot per acre to make it unaffordable for the original owner. Forced to sell of to developers and the suburbs grow
During a previous property bubble, there were many seniors living in the Lake Tahoe area that were forced to sell their homes of 30 years or more. Property values had exploded into the stratosphere and there were several cases of seniors who were forced to sell because they could not afford the property taxes. It was truly sad and shameful that officials could not find a work around for these seniors.
For exactly this reason, one of the good things CA actually did was to pass prop 13 in 1978 that capped property taxes for homes owned prior to passage. Surprisingly this was done under Dem Gov. Jerry Brown. Because of prop 13, my aunt is still living in her home purchased in 1963. At this point, my aunt is among the few remaining residents in CA still taking advantage of the break. My aunt is in her nineties and continues to live on her own.
The best solution is to eliminate property taxes all together. But at the very least, there needs to be a similar accommodation that applies only to the homes specifically of seniors that has been their primary residence for a number of years. Like prop 13, it would cap property tax increases and peg the value of the property to an earlier date, such as purchase date, and not to current market values. This way seniors can stay in their homes, still pay taxes, and not be forced to sell because they can't afford to pay the taxes. It would not apply to recent new purchases or rental properties. It would only be a small carveout in the scheme of things that would not put a huge dent in budgets. Abolishment of property taxes all together will force municipalities to find another way to tax citizens to make up for the shortfall because they are addicted to the money.
It says something though, that housing inflation can get so bad that retired people basically end up unable to even afford the property taxes which end up being probably more than the paid for the thing (if you add up the property tax for a few years)
That is exactly what happens. These people are in their homes because they simply wanted a place to live, not because they were searching to make a profit. Speculators in the property sector have driven home prices up to the point that the average person can't afford to buy and those who just wanted a place to call home are forced out because of the rising values.
Yeah and think about it. Those people haven't worked for 20-30 years. You have to maintain enough of a nest egg so that you can keep paying those property taxes. Using the internet and capital gains. The taxes are probably as much as the mortgage monthly payments you started with.
Salaries were lower when these people were working. So you had to save a significant percentage just to maintain your presence
Exactly. As a retired person myself, there are worries over the constant increases in living expenses that continue to put a bite into limited income streams that do not keep pace. You work for decades to prepare for your life post employment only to be faced with challenges to maintain a roof over your head. Slowly but surely "they" are forcing everyone to become renters and stripped of assets - a serf class. Our founding fathers are rolling in their graves.
And younger people today (myself included) aren't saving enough either. They are fools to think they won't run into these same problems in the future
Everything you pay for is a tax and the biggest scam ever.
There are countries that exist with no property taxes. So it isn't a novel concept but one that the US clings to because it siphons generational wealth from many Americans to government institutions that becomes bloated.
This would help to decrease the "affordable housing" craze going on.
Put another quarter in the 2036 white hat time traveler John Titor was right in 2001 jar.
All I have found so far is this audio clip:
https://freespoke.com/podcasts/226062/wild-reax-to-jac-call-up-kc-star-crazy-headline-kj-joins-ku-trump-polls-climb-terrorist-tied-to-usaid-prisoners-plea-to-trump?t=2272
https://temporalrecon.wordpress.com/the-titor-posts/
https://temporalrecon.wordpress.com/the-titor-posts/
Disagree.
One of the very few things California was on right track with, was Prop 13. They just screwed up the implemention.
If you buy a home when you're 25 years old, and stay in that home for the next 40 years, Prop 13 makes a difference. Yes, he's not paying as much as his new neighbors. He's also been in the neighborhood longer than his new neighbors. That helps establish and provide stability to the local area. (He lives there and has skin in the game.) And if he stays long enough, provides stability in his retirement. Now if he wants to move, he does so knowing he's going to pay prevailing property tax on the new home, just like the buyer of his old place is doing. His decision ... but HE makes that decision. Not the gov't.
Where California fucked up was :
prop 13
prop19
Where did President Trump say this? I looked on Truth Social and on Whitehouse.gov. I cannot find it. Love it, but cannot find it.
Good question, I haven't heard anything else about it either.
What an incredible blessing this would be for personal homes to not be stolen from people because of a tax bill. Imagine the relief!
Just out of curiosity is there a plan to deal with black rock and all the other giant mega corporations buying up single family homes?
Cheers!
Now do away with the NAZI HOAs too. Everything about them goes against the the rights of the people as outlined in our Constitution.
Wish I had more upvotes!!
On the primary residence. But if there was no tax on ALL land, corporations could sit on unused land for centuries.
Well that's all well and good, but who will pay for the local politicians, the library, the schools, the police, and the county government offices and people?
I may not like paying property taxes, but I dont see how many of these things will be paid for without property taxes. And it wouldn't be from sales taxes here as I live in a very rural community.
Your sales tax would indeed go up. You will also be forced to cut out all the bullshit. Your highschool sports programs would go back to being funded by donations like when I was in school. It will be fine. It was before they started holding your property hostage and uping the taxes on it until you can't afford it anymore. Which is happening many times a day at this point. People who spent 30 years paying off their mortgage just to have their home taken from them because they are now on a fixed income and can't afford the taxes.
That's the real evil. Not losing libraries. Which you won't.
Property taxes are a scam and are mostly pocketed by your local politicians and the people who own them.
Lol
This X 1000. And we should prepare for state and city taxes to increase as govt handouts to each state slow down. Voting with your feet is coming at some point.
This needs to happen. We don't own anything we basically rent our homes and the government can take them for unpaid taxes. Like serfs on the lands of feudal lords.
Commie govt Dewine just vetoed property tax relief in ohio....never mind the Ohio supreme Court ruled decades ago it was illegal to fund schools that way
I can certainly agree with this. My property tax was, I thought high when my wife and I moved in almost 23 years ago. Now it is extremely high-almost two mortgage payments worth. So I can do without paying real estate taxes.
Why don't these accounts provide sauce
Naturally, I agree. But my fear is that the local governments will just find some new kind of oppressive tax with which to bleed us..
This is a good sign. Owning your property is bigger deal than what it seems
Me too, or at least my property.
Property taxes are paid to the city….not the state. At least in Michigan.
County level
But then how will Ca, and other states insanely appraise private property that they want, such as seaside properties, or farms, and tax them into poverty so they are forced to sell their land?
Yes yes, I'm voluntarily paying 13k a year in taxes so the ghetto 10 miles away can pay nothing.
Cool it before you get banned please.