FT has a very interesting point. Shouldn’t the property owner have the ability to demand a re-assessment of property value the moment apparent property value drops via a natural disaster/fire/destruction/depreciation? Why does one need to pay taxes on fantastical/imaginary assessments, when the home is suddenly gone from the property and washed downriver, like in North Carolina? Why does the property owner have to wait an entire year for another property value assessment in order to avoid the planned over-taxation? He does have a very valid point.
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That is why it needs to be handled through the courts outside of the states, since property taxes are a violation of the fourth amendment, and billions in property taxes have the state paralyzed in doing anything to change it.
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I don’t even want to say this, because I want property tax GONE, and there are better more accountable ways to fund public services. But EVEN IN the current arrangement where the property IS THE ASSET by which those funds generate, even in a non disaster scenario. Why couldn’t ANY homeowner apply for interest free government loan specifically for property improvements, a sliding scale based on assessed value, code compliance etc. Not to exceed one eighth of the homes assessed value specifically for home improvements, AND getting property tax suspension for say a two or three year fixed duration of the project. We the people/the government doesn’t lose. We are directly investing back into the community of asset producers with access to funds and incentive to improve and maintain the epicenter of those asset value generators. The loans are repaid, and any lost revenues from property tax suspension will resume, and because of value added improvements, the home eventually assesses higher, and over time that money is recouped, and homeowners are incentivised to do maintainance and improvements. I hate to say this, because it accepts the flawed frame only to show what could be possible even within the flawed framework. and to further highlight just how bad a screw job, and what little the taxpayer gets in exchange for the tax theft and wasteful imposition.
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Well they’re lazy, tone deaf, uncreative, and unresponsive. Entrenched beaurocrats enjoy the extortion without accountability gravy train.
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Really, Property Taxes are not constitutional. We should not have to pay property taxes every year. I think most Americans would agree to pay the “property tax” once, when they purchase the property. By paying them every year afterward is nothing more than stealing from WE THE PEOPLE.
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Lisa, you are quite right – property taxes are criminal and unconstitutional. Here is another post elaborating the point with someone who is trying to argue that it is a ‘necessary evil’ because “it helps to fund community services”. Link below…