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.
Unfortunately, since the inflation of this economy, city service costs have skyrocketed and that plan wouldn't work. The tax base is what pays for the parks, the streets and so on.
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.
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
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.
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.
Because there us nothing that says freedom better than taking showers at plantfitness and going to the bathroom at a convenience store !! No place to cook , no problem , just eat processed food . Winter time ? Cardboard box or the back of your car . No thanks . Thats not freedom . @jskyg68
People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.
Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.
this is quite huge! what have you invested in ? much more info needed please ...I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Finding financial advisors like Annette Marie Holt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@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.
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.
@@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.
@@Greg-qw7xl if you own a lot of stock in a company and the value of that stock goes up 1500% in 10 years but you don’t sell anything, guess what happens? You don’t pay a penny in taxes because you didn’t sell anything. With property taxes you are paying more money for a house you have never even sold… that is a major issue and needs to be changed.
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
It is concerning that the tax burden may not be equally distributed. Are there strategies I can employ to minimize the tax impact on my income and investments, considering the potential advantages corporations may have?
The tax burden is as fair as male patterned baldness, but there are strategies to minimize the impact. If you maximize your contributions to retirement accounts like IRAs or 401(k)s reduces your taxable income. Additionally, exploring tax-deductible business expenses, if applicable, can further lower your tax bill.
It's recommended to save at least 25% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha
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!
@@SamLopezI 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?
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.
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.
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.
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.
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.
@@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.
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.
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.
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
🤦♀️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. ♥️✌️
@@lithium25693 If the government owns it, why did I have to pay someone else to buy it? Why isn't the government mowing the land? Why is it I can have someone trespassed on the government's land?
@@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.
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 do not agree.. In Miami Beach, where I live, with a homestead credit. The property taxes can go up no more than 3%.. Our streets are all fine here, with plenty of people workin for da city.. On a percentage basis, my taxes here are SO MuCH less than Wisconsin.. way less.. TN same thing .. sorry pal
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 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.
Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Finding financial advisors like Sonya lee Mitchell who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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.
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.
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??
And then the school districts have been announcing how they're "magically" expecting multi-million dollar budget shortages? WTF?! HOW IS THAT POSSIBLE?!!!
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....
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!
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.
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 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.
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.
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.
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"
@@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.
@@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.
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
Prop 13 is nearly gone. It only applies to original owners and doesn't transfer to your kids or next of kin. Buy a house, pay full property taxes and be subject to 1.9% increase every year. That's how it is here. It sucks when an average house is 1-3 million dollars.
Florida had a similar law, it’s capped at 3% with homestead exemption. Florida’s average property tax is .91%, not bad for a state with no income or capital gains tax.
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.
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".
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.
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)
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.
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.
The city needs to increase home value so that owners can pay more taxes. Then the politician all approve a raise to themselves which will suck up some of the money. They also set up new programs to get their friends a 6 figure salary while not helping the poor at all
nobody is talking about the high potential of a housing crash in the comments as if we are in a normal housing cycle like from 1950-2000... unless youtube is deleting those comments, its concerning.
I bought a home last year in Grant County, Washington state. My taxes were 2200 a year, and they are now 3300 a year. There is no justification of a 50% increase in taxes and it is unsustainable and feels down-right criminal. I have done no improvements except a fence and retaining wall, and the county advised me that those would not affect the property taxes. So, what gives?
You guys need to get a proposition on the ballot that bases your property tax on the purchase price. California did this years ago with Proposition 13. Before then, it was getting to where property tax increases were making it impossible for seniors to keep their homes. Now the CA politicians keep coming up with propositions to circumvent Proposition 13. 😂
@@frederickmuhlbauer9477 I get that, but my shock was the increase. There should be caps on how much a county or city can raise your property taxes by.
In Mason Co by Olympia my tax rate has dropped w values rising but I haven't really seen jumps over 10% in taxes yearly. Never voted for a tax increase or Democrat but that never stopped every other tax in WA rising. Dr. up street pays $11,000 yr prop tax but he stiffed me $4k on a fence/gate job so I approve of that "me$$age" by politicians😅
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.
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
Local municipalities won’t give up that tax revenues. After all the appraisers work for the municipalities and they are greedy. The laws have to be changed!!!
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
Once a local politician gets into office, their main goal is to get more money so they can stay in office so they need revenue coming in so they can hire their friends and people that contribute to their reelection and the best place to get that money is through property taxes.
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.
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
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 :(
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.
I always thought it was kind of funny to revolt against NOT having government overlords tax you. They actually fought to be taxed, but with local government representatives instead of one's from overseas. Boggles the mind.
So why would a house that cost $75k to build 25 years ago now be worth $300k when cost of living hasn’t increased? How many people increase their income 4x in 25 years? How many States still use the $7.25 Fed. Min. wage! Why has homelessness increased?
@@MoneyManHolmesLike Europe, with their high VATs? It might work. One problem is that poor people wind up paying the highest percentage of the their salary in taxes though.
That lady!!!! Laws this and laws that! Then challenge the fing laws!!! My SAntion home costs $120000 a year for taxes, insurance , and fees!!! How the F is that affordable!!!!!!
The government has no money, it’s falling deeper into debt every year to pay for things we actually need, like national defense and social security. Who has all the money? Who is getting richer every year? The billionaires.
Well Texas, just think of the state income tax you don't have to pay. Here, we have no state income tax and our property tax rates for primary residences are capped 3% yearly. That means during the crash my home value dropped nearly 70% and over time as prices have returned to pre crash levels, my property taxes are low compared to neighbors who have purchased more recently. After all, someone has to pay for all the government employees platinum benefits and pension!
Don't worry the benefits of working for the gov't are dwindling, even pensions. In my state they are moving toward new positions not having lasting benefits...
@@jasonluckett2263 Here in Las Vegas, fire fighters, some not most, can earn nearly a half million a year. Myself, retired military officer with about a $3,500 monthly pension. That is just a fraction of my income these days.
Interesting how the government thinks they are partners in your property. They provide services that have a cost. That cost is not related to the value of your property. This charging for a percentage of your wealth is a scam. They need to charge based on the services provided to the parcel. Nothing else is relevant.
![ILLSLICK X YOUNGOHM - We're The same [Official Video]](http://i.ytimg.com/vi/yUJNkobYR0E/mqdefault.jpg)
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.
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.
Unfortunately, since the inflation of this economy, city service costs have skyrocketed and that plan wouldn't work. The tax base is what pays for the parks, the streets and so on.
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.
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
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.
"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..
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.
Because there us nothing that says freedom better than taking showers at plantfitness and going to the bathroom at a convenience store !! No place to cook , no problem , just eat processed food . Winter time ? Cardboard box or the back of your car . No thanks . Thats not freedom . @jskyg68
People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.
Buy now, home prices will not go lower. If rates drop, you can refinance.
The government will have no choice but to print more notes and lower interest rates.
Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.
this is quite huge! what have you invested in ? much more info needed please ...I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Finding financial advisors like Annette Marie Holt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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. 🤣😂
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.
Just because your 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.
And the CONDITION of the home is what ACTUALLY determines the value, not "comperable" homes according to an investor stock "market". 😢
@@Greg-qw7xl if you own a lot of stock in a company and the value of that stock goes up 1500% in 10 years but you don’t sell anything, guess what happens? You don’t pay a penny in taxes because you didn’t sell anything. With property taxes you are paying more money for a house you have never even sold… that is a major issue and needs to be changed.
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.
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?
It is concerning that the tax burden may not be equally distributed. Are there strategies I can employ to minimize the tax impact on my income and investments, considering the potential advantages corporations may have?
The tax burden is as fair as male patterned baldness, but there are strategies to minimize the impact. If you maximize your contributions to retirement accounts like IRAs or 401(k)s reduces your taxable income. Additionally, exploring tax-deductible business expenses, if applicable, can further lower your tax bill.
It's recommended to save at least 25% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha
That's an intriguing outcome. How can I contact your Asset manager?
Google Sonya Lee Mitchell and do your research. She has portfolio management down to a science
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
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!
@@SamLopezI 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?
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.
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.
you could build a house for around $40,000 why is that same house priced at $400,000
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"
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 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?
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.
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.
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.
How do you pay for schools, roads, etc? These things cost money.
@@MrChazz965 With sales tax, federal income tax, state income taxes .
"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
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.
🤦♀️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. ♥️✌️
@@lithium25693 Can she keep the home with property taxes increasing so much each year? She is renting the home from the government.
@@safeandeffectivelol yes the government owns the land if you own your own land you would be a king not a citizen
@@lithium25693 If the government owns it, why did I have to pay someone else to buy it? Why isn't the government mowing the land? Why is it I can have someone trespassed on the government's land?
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
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.
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
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.
I do not agree.. In Miami Beach, where I live, with a homestead credit. The property taxes can go up no more than 3%..
Our streets are all fine here, with plenty of people workin for da city..
On a percentage basis, my taxes here are SO MuCH less than Wisconsin.. way less.. TN same thing .. sorry pal
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.
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.
Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Finding financial advisors like Sonya lee Mitchell who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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
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.
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.
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??
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.
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....
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
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!
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.
Your taxes COULD increase means that your taxes WILL increase !
@channelofstuff6662 Except they don't automatically drop, you have to appeal in court for depreciation.
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.
They raised the property taxes by $1500 then when you go appeal it they only lower it by $300 but in the end they won
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.
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.
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.
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.
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...
My property tax went up 76% last year, and again 33% this year. Absolutely crazy!
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.
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.
@@ShaneSaxsonThis has nothing to do with Congress. This is a local Texas state issue.
You need to vote in prop 13 now and limit property tax increases to no more than 2% a year
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.
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?
Maaannnn. Happened to us in GA. Ridiculous! I’m appealing this year. I feel so sorry for the seniors.
Nebraska…taxes last year $2600, this year $5300!
wtf
God damn
That’s f-cked 🆙
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
50% is insane. There needs to be a cap especially for those under a certain income
Every state should adopt California’s Prop 13…… one of the few laws that help protect property owners….only 2% increase is allowed in a year
Bingo! And the politicians in CA keep coming up with different Propositions to circumvent Prop 13.
Prop 13 is nearly gone. It only applies to original owners and doesn't transfer to your kids or next of kin. Buy a house, pay full property taxes and be subject to 1.9% increase every year. That's how it is here. It sucks when an average house is 1-3 million dollars.
@@life_of_riley88 Then enjoy having your personal wealth transferred to cop pensions in Texas!!
@@johnsmith1953x huh? I don't live in Texas? You mean cops that retire there? Yeah, pensions are insane here in California, it's a reform.
Florida had a similar law, it’s capped at 3% with homestead exemption. Florida’s average property tax is .91%, not bad for a state with no income or capital gains tax.
10% allowed by law. That's high. Very high for something as expensive as property tax.
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.
Yes, please mail in your protest. We will reply within 3 years. Thank you for your donations!
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".
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.
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)
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
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.
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.👎🏼👎🏼
The city needs to increase home value so that owners can pay more taxes. Then the politician all approve a raise to themselves which will suck up some of the money. They also set up new programs to get their friends a 6 figure salary while not helping the poor at all
nobody is talking about the high potential of a housing crash in the comments as if we are in a normal housing cycle like from 1950-2000... unless youtube is deleting those comments, its concerning.
I bought a home last year in Grant County, Washington state. My taxes were 2200 a year, and they are now 3300 a year. There is no justification of a 50% increase in taxes and it is unsustainable and feels down-right criminal.
I have done no improvements except a fence and retaining wall, and the county advised me that those would not affect the property taxes. So, what gives?
You guys need to get a proposition on the ballot that bases your property tax on the purchase price. California did this years ago with Proposition 13. Before then, it was getting to where property tax increases were making it impossible for seniors to keep their homes. Now the CA politicians keep coming up with propositions to circumvent Proposition 13. 😂
Still dirt cheap Mine in NY were 22k in 2008
@@frederickmuhlbauer9477 I get that, but my shock was the increase. There should be caps on how much a county or city can raise your property taxes by.
@@mnunez1618 Other states have that, so there should be a way to get it onto your ballot.
In Mason Co by Olympia my tax rate has dropped w values rising but I haven't really seen jumps over 10% in taxes yearly. Never voted for a tax increase or Democrat but that never stopped every other tax in WA rising. Dr. up street pays $11,000 yr prop tax but he stiffed me $4k on a fence/gate job so I approve of that "me$$age" by politicians😅
Anyone contemplating a move to Texas should be warned.
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.
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.
People on SSI Only get 11 K a Year to Live On :*
Texas can't survive without taxation.
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
Local municipalities won’t give up that tax revenues. After all the appraisers work for the municipalities and they are greedy. The laws have to be changed!!!
Property taxes are their cash cow. They can raise at any time and dont have to be approved or okd. It will get worse, everyone is money hungry.
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
Once a local politician gets into office, their main goal is to get more money so they can stay in office so they need revenue coming in so they can hire their friends and people that contribute to their reelection and the best place to get that money is through property taxes.
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.
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.
how much will the appraisals go down when the water starts to run out?
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.
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 :(
The American dream doesn’t exist anymore.
Yes it does stop asking for handouts
@@dantheman6607lol what America you living in? America is done
Never did.
The new American dream is to move out of the US
Just think, property values go up so does home owner insurance. Its a double blow.
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.
Not to mention homeowners insurance is up in some states over 100%!
What a load of BS... It's the law we have to charge more... Vote them out, This is the only way!
Doesn’t change the law …
@kevoreilly6557 is true, but at least we get the morons out of office who made it a law in the first place... actions ha e consequences 🤪
This country was founded on protesting taxation without representation but Taxation With Representation seems to not be working out so good either.
I always thought it was kind of funny to revolt against NOT having government overlords tax you. They actually fought to be taxed, but with local government representatives instead of one's from overseas. Boggles the mind.
So why would a house that cost $75k to build 25 years ago now be worth $300k when cost of living hasn’t increased? How many people increase their income 4x in 25 years? How many States still use the $7.25 Fed. Min. wage! Why has homelessness increased?
I lived in El Paso, TX on and off for over ten years. I am glad I moved out of there over seventeen years ago.
Property taxes should be outlawed. Seniors should be exempt.
Yessir, I am down for the march.
What political party tries to reduce taxes and which party tries to raise taxes to fund illegal immigrants? Who did you vote for in 2020?
@@JoeBlow-fp5ng Libertarian
Texas - this is the "catch" with have no state taxes - they get you on high property taxes.
Thats why I moved out to TN, No state income tax and low property taxes. I pay a third of what I did in TX for a house double the value.
Property taxes are theft. Abolish them and raise the sales tax to make up for it. That way everyone pays their fair share.
@@MoneyManHolmesLike Europe, with their high VATs? It might work. One problem is that poor people wind up paying the highest percentage of the their salary in taxes though.
That lady!!!! Laws this and laws that! Then challenge the fing laws!!! My SAntion home costs $120000 a year for taxes, insurance , and fees!!! How the F is that affordable!!!!!!
@@Vin-pd7mh Risk free treasury bonds? Are you drunk ?
@@Vin-pd7mh So easy! Thank you!
😮
Unfortunatly WE THE PEOPLE are the piggy bank of the GOVERNMENT
The government has no money, it’s falling deeper into debt every year to pay for things we actually need, like national defense and social security. Who has all the money? Who is getting richer every year? The billionaires.
The smile at Willy Nilly is all I need to see.
Well Texas, just think of the state income tax you don't have to pay. Here, we have no state income tax and our property tax rates for primary residences are capped 3% yearly. That means during the crash my home value dropped nearly 70% and over time as prices have returned to pre crash levels, my property taxes are low compared to neighbors who have purchased more recently. After all, someone has to pay for all the government employees platinum benefits and pension!
Don't worry the benefits of working for the gov't are dwindling, even pensions. In my state they are moving toward new positions not having lasting benefits...
@@jasonluckett2263 Here in Las Vegas, fire fighters, some not most, can earn nearly a half million a year. Myself, retired military officer with about a $3,500 monthly pension. That is just a fraction of my income these days.
@@jasonluckett2263No, probably paying for “migrants.”
My values didn't go down in 2008. They have gone up every year since 1993.
Vote Prop 13....Remember the more money you give out to this bums...the more they hike their salaries...
Interesting how the government thinks they are partners in your property. They provide services that have a cost. That cost is not related to the value of your property. This charging for a percentage of your wealth is a scam. They need to charge based on the services provided to the parcel. Nothing else is relevant.