Homes Wrongly Overvalued (Appraisal Fraud)
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- เผยแพร่เมื่อ 8 ก.พ. 2025
- Have home appraisers illegally overvalued properties to raise property tax income for local municipalities? Mitch Vexler of Mockingbird Properties say yes!
#housingmarketnews #realestatenews #propertytaxes
Contact Mitch:
www.mockingbir...
Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.
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Property tax is an abomination. There should be no tax on the family home.
@FrankLemarin-df4sp
Charge separately for those services.
Property Tax on the residence you live in is criminal.
they can tax residential property but not private property. It's a play on word games here. Residential property is legal property issued by the county, a mere address. The address stops at the mailbox. "Claim to own nothing and control everything" Rockefeller.
Look on your mortgages papers, you are defined as tennant, you don't own it.
@@Loader7272 Not till you pay off the note.
@@brianfirlie3693 see @jackstiles458 comment. If you 'owe' tax it's not your property.
I’m in Jackson county Missouri. This county upped my property 96%. .year to year. They increased my neighbor by 117%. We had a landowner shoot 4 and two died trying to seize his property over unpaid property tax increases. He was on a fixed income..tax increase making him homeless. Court sold his $700k property on courthouse steps for $200k… sad country ….when government rips off its citizens.
Talk about a revolution…well you know.
Two things in life are "sure" DEATH and TAXES.
Property taxes are going to be the downfall of most of us. My property taxes per month are more than all my utilities insurance, food and principal on my mortgage. My property taxes are the biggest expense that I have by far.
Wow!
I was just thinking about moving there and I’m 24. Do not be afraid.
Naive people are just told how "valuable" their homes are. They should begin to realize that taxes and insurance have turned them into high-paying renters for life.
Value is subjective, price is the nominal representation of subjective value, until a price is paid in the market, any "assesment" is completely worthless.
Exactly!!
Exactly, paying more when we make our homes nicer, never made sense to me.
Bless those, whom are recognized by this young United States Government 1848.. gee this is 2024 and the BULLSHIT CONTINUES 🙄,..
🎉
Seems like it is time to wake UP 🎉.
What happened to NO ONE IS ABOVE THE LAW🎉
Corruption upon corruption.
In every level of society and power.
All taxes should be abolished.
Or you could just move to Somalia
Once you own your home, there should be NO taxes required as they OWN the home. Paying taxes over and over and over on something you OWN is an insane co-job.
We have to pay every year on cars, boats, and aircraft in NC not only our homes LOL
@@MDAdams72668 same in VA - most oppressive State I have lived in ( X military family so have lived in lots of States and countries!)
@@db3748 The government owns all land in this country, and property tax is our rent for it. I agree with property taxes, but I do NOT believe in taxing us for what is ON it, no. Tax the land only. The previous owner already PAID taxes on their SALE of it.
@@db3748 amen🙏🙏🙏
So you are saying that rich people who pay cash should not pay property taxes for their multimillion dollar homes, but the regular joe that needs a mortgage should pay property tax? Both need police, fire protection, roads built and maintained, schools, and city government.
This guy is a national hero.
The guy will be used to prop something more sinister, total control of all aspects, probably through more bureaucracy and with more fees. There is no escape from this, modern society grows in complexity and bureaucracy, and nothing becomes cheaper unless there is some poor child labor on the other side. We are like bacteria, multiplying and sucking the resources from the environment and each other.
He honestly needs private armed guards to protect him. Emphasis on 'private', not those DEI secret service guards!
He is not a hero until he takes action and make a wrong to a right
This fraud is everywhere.
And this is nothing new, it's been going on for a long time. This was a problem back in the days before the 2008 crash, where appraisers had to give the banks the valuations they demanded so they could sell the loans, otherwise they were blacklisted and couldn't get work
Yeah something similar must have been going on when creating those MBS tranches that somehow ended up with triple A ratings.
Brevard florida
I fight them yearly so they raised me dropped homestead and widow exemption. Lawyer said would drain me as senior as keep pockets county.
Desantis is killing Fl
Abolishing property taxes now that is something I stand for
Maybe they rely on those taxes to keep the elections rig in their favor so they don't get caught...?
@@bblauter I want to see what happens when we choose not to pay our taxes in November
How do towns pay for schools, fire, police… without property taxes?
@@doreeneclose6295 do you not pay income taxes? State, Local, AND school taxes?
Because I do, on top of property taxes
@@bblauter I pay a state income tax, a state sales tax and a town tax. MA is known for high taxes! There is no school tax, although most of the local tax goes to the schools. If the local tax is removed, the state taxes will need to soar. I’m okay with that, because poorer neighborhoods have a lot less to spend on schools, which creates a very uneven and unfair educational system. My property taxes are now around 10k. It’s unsustainable for those retiring.
THIS NEEDS TO BE TAKEN NATIONALLY ... Because EVERY Town in America Has these issues.
As a senior my mandatory costs are food, property taxes, utilities, transportation, and medical. Food is up 25-35%, taxes are up 75%, utilities are up 20-50%, transportation is up 25-100%, medical is up 18%; my social security check is up a total of 13% over 3 years.
Many will be made homeless, despite working hard all their lives, if this continues
This man deserves some kind of award! I am seeing so many seniors having to give up their homes because they can not afford the real estate taxes. It sickens me and now I have a Hero that I will be praying for 🙏 May God bless Mitch Vexler 💖
Terrible how we treat our seniors.
I hope he has protection.
This video needs more platforms. Like X for sure. I prefer Trump over Harris but I'm like most Democrats now adays, I'm 100% sure that what ever that is at the capital is not a democratic party. Even some Republicans are siding with that new party?
I hope this gets aired on Fox news, abc, or CNN! Incredible points, remember Trump said if he wins he will be looking into Elon Musk to do some of the things your doing. I'm sure there are more loop holes, frauds and collusion out there just waiting to be found. Reverse engineer the entire system 👿
If this catches the eye of both presidential elects they will be forced to address it if not it could get swept under the rug. I really hope it hits the right people , the timing is to perfect for it to go to waste (the finding of this information) lol coincidence or fate?
Nationwide class action lawsuit against the state/federal controller for not controlling those entities
Sign us up. Send to Trump
Contact Mr chang melbourne lawyer
No class action, that gives government the power to say no in one blow. We need many individuals suing the government. Mitch explains this better than anyone.
Try voting first. Texas has been ran by the Republicans for 20 plus years exclusively ....so guess who has rigged the system?
@@privatecaller1418 I agree….we need to organize and call this out. This is how they are driving families and the elderly and everyone in between out of their homes. The agenda for 2030 is that we shall own nothing and be happy. This must be how they’ll get us there.
Who needs the Sunday Morning news when we can watch this? The movement is only getting bigger! Nice work team!
Mitch and Sachs Realty are heros for sure. It took me six years, and a marriage to finally beat a big Bank in America who wrongfully foreclosed our home, auctioned it off illegally and finally settled by returning the home when they discovered we had an inside look (and hard evidence of fraud) to the underbelly of fraudulent mortgage banking. This video may take me down another rabbit hole as my taxes continue to rise while my veterans disability and social security cannot keep up with the rising home taxes. Thank you for this enlightening video!
Keep fighting!
Good job!
This was crazy good. Thank you. I had to sell my home in 2018, because of school taxes. Bought it at an estate sale in 2005 at the beginning of an awful divorce. The market crashed in 2008...and it never recovered. I was in PA. Moved to NE Texas almost 4yrs ago. I thought PA had high property/school taxes, but TX has that beat by miles! Glad I was smart enough to get an apt first, because I will be moving back to PA. Honestly do not know how anyone affords to live in TX, between property/school taxes, car insurance thru the roof, and apts are insane. I know when i was in PA, we fought to get rid of school taxes. My gosh, the things we found out. I will be sharing this video with friends back there. Just shared it with a huge Telegram group. This needs to be shared far and wide.
Government racketeering!!
Plain and simple
This video is in the top 3 that Sachs has done. This affects ALL of us. WE ALL KNEW THAT PROPERTY TAX'S ARE FRAUD, especially how the $$ amount is calculated!! We just could not figure it out in order to protest correctly. Thousands of thanks for this.
agree, i stumbled upon this video and it is GOLD!
This needs to go viral.
I contacted my governor's office to ask them to revise the state appraisal standards and three days later they decided to tax audit me as punishment.
Lawsuit
Wow.
What is ringing in my ears is the World Economic Forum who has repeated the statement, “You will own nothing and be happy” as I recall.
@@stevecorrie7907 transfer of wealth! Scary times!
This is the story of the year. It's unbelievable that no news networks have picked up on this yet. It's the largest fraud ever perpetrated in the mortgage business.
Or… presidential candidates discussing these topics.
Because they control what news is approved and what isn't.
Well anyone running for a government office must be totally fine with theft through taxation and armed violence or they wouldn't want anything to do with "government".
this is why many of us think this is all deliberate, they want to drive everyone into homelessness
Oh, I'm sure a couple of the candidates have discussed this matter in-depth, just not with the people. Oh! To be or not to be a fly on the wall in which room of the WH, that is the question.
My husband is a veteran and we are both in our 60'. Our house in Clayton County Georgia we bought in 1989 for about 56,000 we paid taxes with small increases on a yearly bases. In the last three years the taxes went up by 1000 dollars. We are now at the point where it is more than we can afford. Both of us are unemployed but we keep working in a self employed form making less than 30,000 together. We are NOT drawing social security because it's not enough to live on anyway all the taxes would eat it up.
Our house was cheap when we bought it because it was build on the lot sideways. Nobody wanted to buy it at the time according to the real estate person we had. The so called front door is actually on the side and the basement door has become the door we go in and out of the house, it is close to the driveway. The street view of the house shows what is the side of the house and some landscaping. Our house is no way a value of almost 200,000 other houses with one bathroom and three bedrooms and unfinished basement, in our subdivision sell for much less. and their house actually have a real front with a front door. We are being scammed big time. Protests are ignored. What recourse does a mom and pop have?
We filed a dispute over the the taxes but have not heard a word from the Clayton County Georgia tax office. We tried to get a homestead tax exemption but this is also not accepted because we make a tad bit too much to qualify. In short they want to tax us out of our house, which is paid off. 32 years of paying mortgage and taxes and now we are being taxes out of it into homelessness.
This is so upsetting to us and we don't know what to do about it.
I'm there. I am a homeless veteran and have lived in a 30-foot RV for 4 years. I camp host and clean toilets for a free camping spot with full hook-ups. It's def not glamourous and it's absolutely not living the so-called American Dream. Welcome to my nightmare! I'm 61 years old.
FYI you should go to your county tax assessor's office and apply for any and all exemptions for which you qualify. Many counties have exemptions they grant to the disabled, to people over a certain age and income, to disabled veterans but they don't advertise those exemptions and you may need to re-apply on an annual basis. The county tax assessor's office should have a website and many times you can get the PDF forms, online, from that website. Good luck and God bless!
And imagine, the ones illegally coming here get thousands of tax payer welfare handouts....... I pray for you. This is grand larceny on a Rico scale.
My husband left Clayton long ago when they had the Democrats come in a destroy the county. I grew up in Douglas, same thing. We're in Texas, such fraud in property taxes. Hang in thete, either God shows up, we the people show up this Fall or its over. Keep fighting and praying. Abolish property taxes, go to Fair tax in goods. Neil Bortz and , I believe Sean Hannity wrote a book together . Don't give up! Hubbe is a Marine Veteran, key words are community care! God Bless! Lisa
Our government is wicked and we are seeing the effects. In God we Trust has been erased from the mindset of people. In our money we trust and now we want to complain. We should have been complaining when they took god our of our schools that was the beginning of our downfall. Get ready for you will own nothing and be happy.
@@faithsrvtrip8768 your dignity is something that the scammers can never take ⛑️
So at 62 I had to retire after health issues. In 2023 I got a,call from county requiring an in home inspection of my home. I refused their entry into my home. I do not believe the government has the right to home inspection for tax purposes. Didn’t we fight a Revolution against England for that exact issue. So the county raised the property tax this year from 80000 to over 200000. List as 1.5 bath and 1 bedroom. The property tax this year went from 1980 to 4020. I ask,if any home in my town had sold for that crazy sum… they didn’t know of one. This is extortion..and now I will loose my home that i only owe only 20000 dollars in mortgage 340 dollar payment over this monster tax bill. I,can’t pay this sum on 1700 Social Security. I will have to move out into a trailer on rented lot. Is this the American reality for seniors. I live in rural Iowa. We have no police, a poorly equipped fire department, rock roads, and pay ridiculous water and sewer bills’. My water bill is 20 dollars higher than my electric bill. How do you defend yourself from stealing from a person when the thief is your local government.
I feel for you. I moved from CA to Reno NV and my property tax went from 6500/yr to 800/yr for the same yr built and size of house. If you can move to NV, you can save a lot on property taxes by buying an older home. And no state income tax.
Maybe someone is interested in your house and that is why they are increasing your tax.
Try to go to Legal services, they help you with a lawyer.
You 2nd amendment the local government as per the constitution
It’s like social security u pay into it for years then u retire it becomes i owe yous because they was taking your money all them years in advance before you retire
Property should not be taxed period . It’s a fraud.
Let do it , home owners need to rise up and abolish property taxes.
And double taxation on SS. And all the other taxes /fees. We are taxed to death. Enough!
Equity stripping due to excessive property taxes by the County Appraisal District (CAD). Sickening.
I gotta give it to this guy, he's got a pair to advocate the abolition of property taxes.
This is really going to get people stirred up.
Hi Faith gtsy isn't this just peachy. Look for property tax to get nearly abolished. I've been seeing articles already coming out of Austin
@@faithsrvtrip8768 equity stripping due to excessive property taxes through excessive overvaluation. Accepting that houses are excessively overvalued is key. People are so tied to the perceived overvaluation of their houses, especially if they overpaid or have taken out 2nd mortgages. The minute the real values become apparent many homeowners and lending institutions will be decimated. Just like the GFC!
I'm in PA. We tried for years to stop this illegal/fraud of property taxation. If this finally gets rolling with the right people to fight it, and not talking to the wall, or the local govt. who is part of the problem, I"M IN!
If their printing fiat funds out of thin air, then why are we paying taxes...to keep us broke?
It needs to.
*Here is my NEW Proposed FEDERAL LAW... It shall be ILLEGAL for any Government (Federal, State, and Local Thiefdoms) to levy any TAX on any item that has already been TAXED.*
*This will eliminate all Personal Property TAX!*
No double taxation of any kind. The government may only tax the same dollar once.
I remember years ago a few were trying to get the Fair Tax pushed through. Tax on only NEW goods and services
Thank You its double triple dipping right?? I'm in Illinois and they say we have the 2nd highest taxes in the U.S.!?!? Yet schools are and have been closing in the i ner city over years but outer skirt schools still remain, whats that about if folks have been getting taxed and lotteries have been or not been implemented people r leaving left and right the population is dropping; fraud at its finest??
One congressman actually referred to constituents as chattel humph?
@@NoirMorter oh hahaha. Could you imagine a dollar only getting taxed once?
All these people doing these property taxes, and our food taxes need to be in prison for life no parole
As a first time homeowner, first generation, and first homeowner in my family- this information is invaluable
The Fifth Amendment of the U.S. Constitution declares that "[n]o person shall be ... deprived of life, liberty or property without due process of law." This fundamental principle underscores that you cannot impose a tax on a constitutional right!
Yes get rid of property taxes . The home owners pay to much . We bought our house at lowers rate but they taxed us at their said value . Wrong
@@cindyrogers4206 already paid too much for the home already
USA tax for housing seems grossly unfair. To not heavily discount it for seniors is a true disgrace and very shameful
That's why I like rural japan. You can have a 3,000 ft home on an acre of land and pay no more than $400 a year in taxes. As a property ages to 20 years the buildings are amortized to zero and all you're paying is the unimproved land value after that.
My assessment doubled in one year. I appealed and they immediately adjusted the value to reflect true market value with no pushback (they had nothing to support their assessment). The ease of which they caved in made me wonder if over-assessing was purposeful. I believe the plan was to double the assessments, don’t fight anyone who appeals (so they would not make a fuss on social media), then collect the excess taxes from the majority of homeowners who don’t appeal. Additionally, if one does not appeal, they pay more taxes every year thereafter. Those who appeal have to do so every year. Any year we are too busy or too lazy to appeal, the default is paying excess taxes.
I tried three years in a row and lost each time. Property tax in Omaha, Ne is WAY out of control. I will have to sell my home due to high taxes and insurance soon.
25 different types of taxes we Americans pay! 26 if you add the states that impose a death tax.
Yeah.. death tax! Some states charge taxes to transfer property, money, or estate to whomever is on the will, from the recently deceased. 🤔 🤯
I was an appraiser from 2002 through 2014. The corruption is everywhere, the boards themselves that are responsible for enforcing the law ans even worse. I lost my licese because in 08 i did an appraisal for a homeowner. She was a broker and underwater. I stated the market was declining and gave a value. She went out and found new construction untis 2 miles away to justify the value she wanted ($65k more than I valued her home) She said if I didn't bring in the value she wanted she would sue me. What she did was call her friend in the city and had them go up the chain to take my license
Thanks for commenting.
Sorry to hear that! Honest people suffer under the criminals bullies!
I'm so sorry that happened to you.
It seems like dark forces are winning everywhere. I heard only Jesus could protect us. Could this be true?
@@redtiger7268 That’s definitely CORRUPTION
Get this guy on FOX OAN and Newsmax ASAP
He is here in Texas and guess what? This state and Denton county has been run by the Republicans for over 20 years they rigged it this way and have protected it. No one else to blame for this crap.
Screw FOX, they are not for American citizens. They're subliminal Deep State
Well, this pure bs belongs exactly there
This is happening all over the country.
We experienced a town admin spitballing values in Canada. Bravo for your efforts to expose the thieves
Twenty-two lawsuits in my state already and we’re only getting started.
What state?
👀👀 yeah I want too know where you live.
sounds like the most massive class-action lawsuit in history
@@lazydayB2B these lawsuits then seek injunctive relief and only injunctive relief? What about the mention of RICO claims? Criminal prosecutions are only for prosecutors -- not average citizens. To fix the criminal matter equates to politics
Agreed 100%. IMHO, based on years of litigation experience, a D.A. is not going to prosecute a complex criminal case like these because of their complexity AND the political attributes. BUT, a well crafted civil case (RICO) will get the attention of D.A.'s because those civil cases will do most of the "leg work" for the D.A. (assuming those civil cases are successful, in whole or in part). Civil case remedies can be both injunctive and monetary)
Screw that the only ones who make out on class action suits are the attorneys . All you’d get back would be Pennie’s on the dollar .
Not only does this address the obvious issue of over-valued property, but also effects property insurance which is based on property values. The two issues that make home ownership even more costly and unreachable for many.
For a very long time, I've been saying that property tax is robbery. If you pay off your house, you still have to pay property tax until death.
@Nick2007 the gov't prosecutes the mob for doing exactly what they do, "Pay us for protection, or we will pay you a visit with guns and kick you out." You only own your property as long as you pay them.
We don't own anything. We are renters as long as the state says we can stay on the land.
That's meant you are not the real Owner of that property, unless you obtain Allodial title.
How this this unfair? Is your house fireproof just because it’s paid off?
wow what a dumb comment. A fire is not someone else stealing
your home ffs.
It's like paying rent. Forever.
I've complained for yrs there was no 'scientific method' for the appraisals. They didn't care. The appraisals were always subjective yet when I look online, the same style house would vary in property tax increases through out the neighborhood and I began to wonder if it had to do with whom was living in certain houses, meaning discrimination.
I’m in Colorado and getting ready to list my house for sale. Just found out the actual selling price is $100k less than what the county has been claiming the value is. I believe Zillow is in on it.
Thank you for informing the public
God protect this man!
Property taxes must be abolished asap 💯 it is a theft and robbery
Best show you have ever done Todd. Bravo.
Approximately 700000 to 1 million homes are still undocumented,have not been foreclosed,from 2008, and by paying taxes,the servicers,and in some cases, Home owners are living in the house 🏠 without mortgage payment to the present Day...2024..in Florida !
Personal know ledge you can confirm this FACT...the number is approximate!!!
Glad you enjoyed it 🙏
Wow!Very educational! Thank you! We have tried fighting our property taxes for 2 years. The appraiser has overvalued our property. We have to sell.
This is wild and thanks for the heads up "Mitch" I can appreciate your transparency on these fraudulent activities of these corporate agencies.
When you sell your home - that is taxed - that is more than enough. When you pay property tax you are taxed on "unrealized gain".
Property taxes should be abolished.
@@bradleyqueen3879 Most of it goes to school that teach's our kids which bathroom they might want to use. Reading/etc scores do not support the need for more money - it dictates the need for better teaching methods. Renters and home owners pay property tax - only homeowners get a credit.
@dc9291 id rather pay a larger sales tax then have the government dictate to me if i can keep my house cause i cant pay my property taxes.
@@bradleyqueen3879 there is a lot of waste in school budgets. Part of the problem is many if not most states don't allow you to save money for future needs, so blowing money is essential to getting funding.
@dc9291 i realize that. Property taxes should be unconstitutional. No one truely owns their property or land if a government has the ability to takes ones asset.
I’m praying for this guy. Please stay safe 🙏
My husband and I are among millions who can not afford an attorney. The poor home owners are screwed, homelessness will go out of the roof. We can't sue anyone. These people are untouchables!
2A honey.
Time for men to grab their balls and do what men do.
You have to take action. Google Real Estate Mindset, he has a series of education courses to help you protest your property tax.
Spread the word with your neighbors.
Not by GOD. The day of judgment will be the Lords!
Go over to estate mindset this same man on here is giving a school how to fight it.
Wow, really great show! We just sold a rental property (old first time home from 2008) in Austin, TX because property taxes have gotten so out of hand we can’t raise rents high enough to keep the property.
I paid less than 20 thousand dollars for my house. My house is being appraised by property 25 miles away . They are saying that my house is over 150 thousand. It’s insane fraud.
He is correct. I used to work at Wells Fargo Home Mortgage in Chattanooga, TN & when my Branch Manager would order an appraisal, the appraiser would ask, "How do you want this to come out?" My Branch Manager would openly state what value he wanted the appraisal to come back at. I was appalled at the unethical behavior of both of them. This was their "normal" regular behavior.
Get a security team, my friend. If you are right about this, they will make you have to worry about just surviving.
Kudos to you for exposing this, and raising awareness.
Listen to this guy. He knows what he is talking about.
What about people that own their home. Have them paid off. No more mortgage. BUT THE TAXES NOW GO UP DOUBLE AND TRIPLE> The gov is stealing homes. What about people like myself and husband in their 60' ??? Income from doing odd jobs self employed, making less then 30,000 ??? We can't afford these high taxes that are totally unreal and not related to actual property value?
MItch we love you you stand up for mom and pop.
I am in the same situation. Paid off house, lost my job ( they don’t want to keep older folks working) and when the tax time is about to come I HAVE NO MONEY TO PAY IT. I said to myself since I have nothing to lose, I will not leave. They can come for me. I will not leave. Or I will prove my on-slab house is movable. I would take everything a brick by a brick. There are no taxes for movable real estate
You will own nothing and be happy. Or so they say.
They don’t want you to own anything. It’s parts of the World Economic Forum (WEF) who said only a few years ago, “ you will own nothing and you will be happy”. FACT. This is orchestrated by all western governments in the name of WEF. It’s happening in all
countries
Florida protects seniors from property tax increases over 3% and school taxes in many counties.
@@dabda8510 That's the (evil) plan.
I thought real estates taxes is not in our Constitution and no body can force us to pay it. Because it is not a law
CLASS ACTION LAWSUIT NEEDED NOW!!!!! I WILL SIGN AND THOUSANDS MORE TOO!!!!!
I will sigh as well cook county Illinois worse
Annual property taxes should be illegal. We should only have to pay property taxes once when we buy the property. Unfortunately we are all only property maintainers for the real owners the government.
8% one time property tax works in Australia
Yes...agree. This is a form of unrealised gains...we never own our property, even when your loan if you had one, is paid off. I think it's unconstitutional. How do we fight this issue?
My husband told me real estate is the worst kind of investment in US and now I see why, here in US people rent the property from the government, there is no real ownership. I rather invest overseas.
My husband told me real estate is the worst kind of investment in US and now I see why, here in US people rent the property from the government, there is no real ownership. I rather invest overseas.
Wake up America!!!!😡🤬😡🤬
I agree...it is too late for you americans to wake up and fight against this government overreach and depriving you and your children of economic prosperity. THIEVES AND ROUGUES
property tax is taxing unrealized capital gains.
It is not, property tax is assessed on total value, not on gain.
@texdevildog9174 the value is what was physically paid for the property. And what the next buyer physically pays for the property. Not the fluctuating "value" in between.
@@brandonk.2485 Assessed value of a property changes from year to year, up and down, as do the taxes. A "capital gain" is the difference between current price and purchased price.
@@brandonk.2485 If that is true, then why did the borough assess my place at far more than I paid for it? They make up the numbers and rob the people. I protested and they lowered the assessed value by almost a 100K. It was still overvalued. It used to be that property assessments were much lower than actual value. Not any more.
@texdevildog9174 If property values goes up, so does your property taxes. Therefore, the original comment is correct.
You are being taxed on unrealized gains because the thing you own has gone up in value, and therefore the taxes are increased, despite the fact you haven't sold the thing you own.
That is text book definition of taxing unrealized gains
Great podcast.
Full exposure and full disclosure.
Thank you for getting this information out and making it public.
This should lead to capital punishment to the fullest extent.
Treason.
And no one should be allowed protection under “errors and omissions” clause pertaining to professional insurance. If so, then all the insurance companies should be held accountable and prosecuted as well!
If you pay off your home and property, there should be no more property tax. I paid off my home and property. The property tax doubled. Such BS
I appreciate someone who has in depth knowledge, explains the problem and provides real solutions. The chains need to be broken, and he clearly has given viable tools to get it done in the real world. Kudos
You want a tip? The entire concept of the 401k is a baby boomer ponzi scheme involving the stock market when the USD got off the gold standard. Our stock market was never built for people to throw 6-10% of their money into it. Get a b*tco*n ETF added to your 401k plan and make the switch.
Public school districts are the most inefficient use of public tax dollars.
Make them pay school tuition...all of a sudden the grades would go up and the kids would be better behaved.
@@Jesus-x3d What happened to the lottery helping out the school system???
Remember the robin hood plan in Texas where they took money from wealthier areas and sent the money to south Texas school districts. It was the beginnings of dei and we couldn't see it. Schooling never got better. Its as you say, endless fraud and extortion.
I'm a total socialist when it comes to kids and people who can't work. But why would anyone support such inefficiencies unless they benefit from them? The entire government needs a spring cleaning.
@@lizafulcher7917 In Texas the lottery income was never designated to help schools. A lot of people suffer under that misconception.
I'm new to this, I'm following Mr. Mitch. He's opening my eyes on something I've felt on the inside. God Bless you all for sharing, and I'm doing it in whatever way I could
We have lived in the same city in Minnesota all of our lives. When we bought our home in 1986, our property taxes were $850.
Our wage that we earned was $12 per hour. This year, our property taxes have sky rocketed to &6,500. 800%! And our hourly wage is at $21 per hour, but health benefits have been reduced drastically. We are Hemorrhaging! When we called the county tax accessor, they told us that state law requires them to access our home for what neighboring homes have sold for recently. SO WHAT CAN WE DO? This is evil to do to us when we are getting older and do not know how to pay these Absorbent taxes to keep our home.
When I was going for my real estate appraisers license about 15 years ago I was absolutely God smacked as the teacher who was very intelligent was just dropping bombshells like nobody's business without a care in the world. I was like how does this guy still have a job telling truth bombs like this. He told us straight out that real estate company's conspire with banks to over inflate home valuations because everyone stands to cash in ! !
Local budgets are obscene. Do we need police riding around in 100k SUVs lit up like UFOs? Multiple turbine helicopters 🚁?
Yeah and brand new shiny “headquarters”. Unnecessary!
All while community playgrounds are bio waste hazards and city roads are equivalent to off-roading.
@@RootBeerGMT you have no idea. I build emergency vehicles for a living. You'd scream if you realized just how bad it was.
They need to reverse engineer the funds back to the people from which they stole it from...but their too greedy for power and control.
#Bigfacts!!!!!!!😭😭🤣🤣🤣😂😂😁😁
BAN ALL PROPERTY TAXES.
Doen't matter that almost half of all homes in the US are paid off.
Because property taxes come into the eqaution and just erase all progress.
It wouldn't be so bad if there wasn't a ton of woke spending built into property taxes. A lot of liberal counties spend a ton on low income housing taking out bonds. So they aren't collecting taxes for public goods anymore, its just outright theft
Thank you for putting out this video and thank you Mitch Vexler for opening our eyes to this. I've forwarded this video to my county commissioner and everyone I can think of. I've also signed the petition. Please keep us updated.
This guy is a TRUE HERO. USA need more people like HIM.
My home was assessed double the amount that was assessed last year. I was sent a letter from the city that they were going to reassessed my home. I live on my property for over ten years and received this letter for the first time.
Been watching Mitch on Real estate mindset - thank you for having him on!
I have also
Me too and am trying to share it to friends on Facebook and can not 🤷🏻♀️
Shared FB Public
@@KimOrlando-xe5vh try sending the link in a text
@@donnapalmer1277 they’ll probably remove it or shadow ban
Been watching Mitch for a while now ... he is a treasure to listen to, really opening up a lot of eyes and minds! These crooks, including the cast of characters at Fannie and Freddie, must be stop and must be imprisoned for large-scale theft!!! ENOUGH!!!
🤔I was following Florida realstate for a long time and I was amazed how seniors were losing their houses because they could not afford property taxes , it seemed very shady!
This gentleman is admirable bringing this issue up to the front.
It seems like these institutions decided they don’t want to follow Government guidelines on appraisals and with high taxes people specially seniors will lose big time!
Pure evil 👿
It’s a mafia, tax entity disposed the elderly of their property to give it to the judges themselves or the friends, in RGV, Texas many district judges are land rich by huge acreas property in best real estate spots!
Greed!
These criminals will receive retribution through the youth of the next generation. A loan modification is a joke because they place balloon payments on the back of the mortgage.
All a senior has to do to lower their taxes is get a homestead exemption. Either they don’t have the right guidance, or they’re not entitled to homestead because they have more than one house.
@@capecoralgreg everyone in Texas can file for homestead, not just seniors. With the fraud at the CADs and the Texas Property Code not being followed, homestead exemptions do very little to protect from the theft of equity of homeowners.
Good luck Mitch. America needs a break from all the corruption. At least if we don't see it in our time.. Maybe the next generation will be able to live more freely.
I also had a loan officer and appraiser over value my personal home so that he can get the loan approved. Lots of fraud going on.
I have family from northern Maine and used to go camping and hiking with my cousin and we visited my grandfather at his lake camp. Until I owned a couple houses, I never understood why there were houses in Maine that were half-finished, no landscaping, that I nicknamed Stephen King houses. I understand why those houses were in that condition now, it was so the property tax assessor would drive by and not raise the mil rate on that house!
Please expose this corruption,Our taxes in Illinois are so high.I have a small home.Paying 6,600
Some homeless people are living in their vehicle.
Now, they want to outlaw that.
Are we supposed to live on the street from a stolen shopping cart ?
Oh, WAIT, they want to outlaw that too.
We are not homeowners. We are sharecroppers.
As we increase the value of our property, the states increase our property tax accordingly. So as we create wealth, the tax man is right there with his hand out. If we don’t pay, they take our property. So who owns our homes? The state. Here in Florida I would rather pay income tax than property tax. The pathetic working man’s wages are so low, the income tax would be a fraction of the property tax.
Pay tax on income ( on what you earn) ,pay a sales tax (when you spend money)and finally property tax ( what you owe, paid with money already taxed twice). Taxes are the biggest scam .
Tax loss can be changed if the people get together at tell Congress that it’s time for a change the people they go to Congress or the people that we vote to represent us to work with us not to be against us
"So, what's the solution? What steps do homeowners need to take to begin addressing this issue? How many homeowners in Texas have already started the process of filing lawsuits? Movements begin with action. Guide people on how to start the process. Better yet, encourage homeowners to unite and take collective legal action in their neighborhoods. Emphasize the importance of standing up and fighting. Show that hundreds or thousands of people have already taken steps. The majority of people may hesitate, acting like followers, so it's crucial to have a leader who can guide them or show them the necessary paperwork to file. Even better, identify which lawyers are willing to step up and take on this fight, perhaps even pro bono."
It time for us to stop paying taxes to this government because they are stilling money from us
This fraud is everywhere and in everything. The retirees of city, county, state and federal employees are getting monthly pensions that are full of benefits and their monthly income is almost as much as they were overpaid prior to "taking the money and running in retirement."
Are you suggesting that the military, border patrol, sheriffs, police, and fire fighters should be privately funded? Are you suggesting that roads, bridges, tunnels, dams, water supply and sewage systems should be privately funded? Are you suggesting that the elderly should be abandoned once they stop working?
@dchall8 for one SSI the old people paid into before they retired and for the Roads and bridges are funded by the sale a gas tax dollars and the military is paid for by sales tax and the police and are paid by Property taxes along with everyone else you trying to tell me that I am a slave so that this government can make money off of my labor you should go and look at the 13th amendment and go and look into what taxes pay for what because you have to be stupid to believe all of that shit comes from my paycheck taxes and can you tell me where did all the money come from to pay for a war that has nothing to do with the American people
@@dchall8 I think it is more a suggestion that when we know beyond a doubt that the government is riddled with corruption, we can either choose to keep feeding the beast until it eats us too, or we can withdraw our support and redirect our efforts into the actual improvement of the quality of life.
When it becomes clear that those who forcibly take our money are using that money to pay people to force us to give them our money..................
This is a wealth of information and perspective. This is my new favorite Sachs Realty video, I’m saving it in my favorites and sharing to as many property owners as I can. We all need to hear this!
I was unaware that this was happening in other states. I'm in VA and it has been less than 1 year of ownership, loan sold twice, this time increased saying not enough money paid towards escrow and then the increase of insurance. Im confused about where all the money I paid in mortgage and where it went to. This home is not even worth the appraised value AFTER I bought it. I feel like I am being robbed and do not know what to do. I'm trying to stay afloat. Meanwhile, they are trying to make me sink.
2008 all over again.
Thank you for speaking up and letting all know.. It's horrible all around, the bored. Most have never owned a home, and the ones that did own couldn't afford to keep it because of the greedy scumbags that did this. We all should be able to sue.
Very interesting. I signed the petition & emailed to my daughter\her husband here in So.Calif. Also my daughter in NJ..
Forensic audits are going to become a buzzword for a taxpayers revolution 🎯
Appeal every raise. Years ago I had a jerk on a review board offer to buy my house at twice the appraised value and, having done my research, I stuck out my hand and said, "You have a deal if you'll sell me your farm for twice appraised value." The look on his face is still fresh in my mind's eye. Of course, no deal; but, the new assessment was lowered. Always fight increases to the appraised value, every dollar helps.
Freddie and Fannie are at it again! This is going to be much bigger than 2008.
Finance🎯
Connected to Epstein
@@billyboy969 tell me more
@@freedomdude5420 the guy that is known as the father of mortgage backed securities is in Epsteins black book, as is the father of drivitities. Actually most things occurring in our society are at the behest of one or more of the people in the black book or within one degree of separation . Example: Tom Preska is is in the B B, Jena Preska (formerly James) is almost the single financer of the LBGQ ...RSTUV agenda. Jeffrey had Red Hook on St Thomas Island and the former VI governor's wife worked there, it was debt collecting including for fanny may/Freddie Mack.
@@billyboy969 Remember what happened to themtue 2019 around Christmas.
We need Laws for HOAs en GA, Tx, Fl.
To stop the abuse.
On the appraiaer subject:
In my lifetime, i've bought some single family homes.
What amazed me, starting in 1998, was that the offer i made on these homes ( some arbritary but educated 'guess' # - i'm not a realtor- under listing price) & got a contract,
ALL of the appraisals for the loans sake, came in @ EXACTLY what i had offered!! Not 1 penny higher or lower!
I thought: Hmmm that's kind if strange!! How's THAT work?
Thanks. Now, i know!
Sad state of affairs.....
We need to abolish all taxes. Taxes were supposed to be a temporary government revenue for a short period of time is spun out of control to complete over taxation on everything we buy and own today
Gold convertibility was supposed to be temporary too!
It doesn't matter if the schools are performing or not! The property owner's right to own property free and clear of taxation trumps the lousy school district's right, and the city and county, to legally steal our equity through perpetual taxation.
Sounds great. Just stay off my roads and don’t dial 911 if you’re not going to pay for it.
@@capecoralgregAre you a poltician or something. Outrageous, bully statement to attempt to keep the 💩 show exactly where it's at! The old greedy, corrupt guard mentality! Not happening whether you like it or not. Wheels are in motion❣️👊 💥
This sounds epic. Great work! As a real estate broker associate in NJ going through that fear induced market created by covid and the mishandling of it in certain states and cities I was blown away watching home prices soar. I was even more surprised by some of the homes that appraised. I had 58 offers on a home and more than half were way over asking price. The appraiser reached out to me and asked if I had comps to which i replied yes I do, but none are close to the offered prices. At that time the appraisers were stretched very thin and many were from different areas of the state. I told him I have 58 offers and can show them redacted of course with only the offer price. Market value is what a buyer is willing to pay and a seller is willing to accept. I don't know how he conducted the appraisal, but the home magically appraised. I notice that some homes are not appraising for the ridiculous offer prices anymore so reality along with the shift have been working in. Best of luck to you and thanks for what you are doing.
Cherokee County GA!!! Doubled in last 5 years, almost 3x the state average. And want to raise sales taxes!
This is hands down the best video yet!! Thank you for digging deep!
Awesome show and a thankyou to your guest. When taxes and insurance are more than my mortgage there's a problem..