Create a negative property use tax then. If you live or do business on a property you get a small rebate. If your home is vacant or your not renting out your storefront or warehouse you get taxed very heavily for speculating a property. Speculators are one of the main factors of driving up prices.
Do you realize every homeless veteran… in fact every estimated homeless person ,has an estimated 17 to 19 homes available that are vacant and not in use. If people that own a home and dont live there were forced to pay heavy taxes they would have to either rent it out, sell it or forfit to the government to give to a veteran or auction off. The same goes with storefronts and warehouses. How many more small business could start up if rent was cheeper due to the owner having zero property tax (or even being paid for renting or running a business)
The whole you own it you don’t have to pay taxes is BS, the point should be you own it, you take care of it and improve it, then you should not have to pay the tax, or even get a small rebate for your work. The speculators that want all of the pie should pay the price, in some cases the pie is rotting while they are hording it.
Let’s face facts here we all are renting these bodies with expiration dates, none of us truly “Own” anything. We just have a short opportunity to make things better for the next gerneration. (Or even yourself, if you believe in reincarnation)
YOU SHOULD HAVE BOUGHT WHAT’S CALLED “ALLODIAL TITLE” or “ORIGINAL TITLE” WHEN YOU BOUGHT THE PROPERTY!
IF YOU OWN THE ORIGINAL TITLE; YOU NEVER OWE PROPERTY TAX!
IT COSTS MORE TO BUY THE ORIGINAL TITLE; BUT IN THE LONG RUN IT SAVES YOU TONS OF MONEY; BECAUSE YOU NEVER HAVE TO PAY PROPERTY TAX AND YOU CAN GIVE IT TO YOUR RELATIVES WHEN YOU DIE AND THEY NEVER HAVE TO PAY PROPERTY TAX EITHER!
I think this is more at state level or even County level but I agree. Why am I paying real estate tax for my property that is paid off entirely. The county or state has nothing to do at my property. I pay state taxes already that should cover everything thats needed and car tax for roads.
In paying property tax, we never own our homes. If jobloss, sickness or other reason the tax cannot be paid, then our property is attached/fined or worse, repossessed.
I agree, no tax once paid in full.
If we go to a flat sales taxes on EVERYTHING for the federal government, say 4 percent and allow local governments to tack on an additional 4 to 6 percent and stop the income tax at all levels that COULD be a solution for the local and the federal needs. One time tax on property, cars, clothes, all goods and services.
In a sense, property taxes are sales taxes and I agree that when the property is paid off the taxes end. I also think, however, that property taxes need to adjust to your outstanding debt…property taxes can be calculated the same as interest, as a percentage of the loan. And, as with interest, the amount paid in taxes would decrease (not arbitrarily increase) until the taxes disappear.