No tax on homes/land after paid off

Economy
1

No government agency should be able to take away someones home due to delinquent taxes. This would encourage people to pay off their loans knowing they would actually own something. This policy should only apply to a single dwelling, real estate investors can continue to pay property tax, and inheritance tax should be paid if the owner dies. Americans are already taxed exorbitantly on everything else. Having a firm foundation to base the rest of your life on is essential to the American Dream.

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I agree with no tax on primary residence home/land/property after it is paid off. I do not agree with inheritance tax! A person should not be penalized for inheriting another’s personal property. Now if they choose to sell the property then of course the inheritor will pay taxes on the income.

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I came to post this same proposal. Primary/main residence should have no property tax once paid in full. True home ownership. Any property that generates income can/should have a property tax.

If a paid off property is inheritied it should only start incurring property taxes if it is used to generate an income or is sold.

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What does paying a home off have to do with taxes? Either you should pay property taxes or you shouldn’t. Paying a mortgage shouldn’t decide taxes.

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Once you have bought and paid for your home/property you shouldn’t have to keep paying taxes onnit because of fear of it being taken/stolen from you. Nor should your children have to pay an inheritance tax to receive what was already paid for.

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I agree with the inheritance part of it however your property taxes are local not federal. You work on the local level to change your property taxes. If you want a more fairway to handle property taxes and people to still pay them you say you pay x many years worth of property taxes and then no more. And as for losing your home to property taxes I don’t know if you need this maybe someone you know needs it but here it is.

Tyler v. Hennepin County (2023)

This more recent case involved a dispute over property tax foreclosure. Geraldine Tyler argued that Hennepin County, Minnesota, violated the Fifth Amendment’s Takings Clause by retaining the excess value of her home after satisfying her tax debt. The Supreme Court ruled in favor of Tyler, stating that the county’s retention of the surplus value constituted an unconstitutional taking3. This decision has significant implications for how state and local governments handle property tax foreclosures, particularly regarding the protection of homeowners’ equity3.

The Supreme Court ruled unanimously that property seized for back property taxes is a fifth amendment taking and that the equity in the home has to be given back to the homeowner they don’t get to profit off it like they did for so many years. This case is only a couple years old so a lot of areas don’t even know about it you might remind yours if you feel that they’re seizing too much property.

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Really cool case

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My grandma has had her house paid off for years and the taxes she has to pay is making it a bit harder for her to retire. She keeps paying things off to make it easier so why should she have to pay taxes if she was responsible?

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