Property Taxes Are Theft - Jefferey Tucker
Posted by freedomforall 2 days, 23 hours ago to Economics
Excerpt:
"Governor Ron DeSantis of Florida has an absolutely thrilling idea, one I never imagined I would see unfold in my lifetime. He is putting on the ballot next year a referendum that would abolish or restrict local governments from taxing owner-occupied homes.
That’s right, he wants to get rid of the property tax, saving residents some $3,400 a year and fundamentally disrupting the way schools and local governments are financed.
Texas is considering the same path.
If this really happens, I can easily predict more of a demographic shift out of the Northeast and Northwest to the South and Texas. If this spreads to more states, it would amount to a revolution in public finance.
It’s long overdue. These tax schemes are brutal on home ownership. Indeed, it’s hard to say that you are ever really the owner of your home if you are having to pay rent to the government every year.
It’s especially a problem in an environment when the home valuation goes up every year and so does the tax you owe on the place. You have done nothing but lived there and enjoyed life. It is entirely paid off. Meanwhile, the government keeps coming after you with ever more pressing demands for money.
You cannot really say you are an owner of anything under these conditions."
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Publik skools are a disgrace.
Stop funding them.
"Governor Ron DeSantis of Florida has an absolutely thrilling idea, one I never imagined I would see unfold in my lifetime. He is putting on the ballot next year a referendum that would abolish or restrict local governments from taxing owner-occupied homes.
That’s right, he wants to get rid of the property tax, saving residents some $3,400 a year and fundamentally disrupting the way schools and local governments are financed.
Texas is considering the same path.
If this really happens, I can easily predict more of a demographic shift out of the Northeast and Northwest to the South and Texas. If this spreads to more states, it would amount to a revolution in public finance.
It’s long overdue. These tax schemes are brutal on home ownership. Indeed, it’s hard to say that you are ever really the owner of your home if you are having to pay rent to the government every year.
It’s especially a problem in an environment when the home valuation goes up every year and so does the tax you owe on the place. You have done nothing but lived there and enjoyed life. It is entirely paid off. Meanwhile, the government keeps coming after you with ever more pressing demands for money.
You cannot really say you are an owner of anything under these conditions."
---------------------------------------
Publik skools are a disgrace.
Stop funding them.
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- 1Posted by JohnRandALL 9 hours, 59 minutes agoWe have TABOR, the taxpayers bill of rights, that limits taxation in Colorado. But the Dems are trying to figure out a way around it. They want to spend more money on homeless hotels and light rail that runs empty, while the roads are full of potholes, bridges falling apart, and graffiti, trash, and homeless camps are everywhere.Mark as read | Best of... | Permalink|
- 1Posted by JohnRandALL 10 hours, 4 minutes agoIt's true. You never really "own" your home, just because the mortgage is paid off. Bravo to Florida and Texas! Unfortunately, I am stuck in Colorado, where the Denver Dems are a billion dollars over budget with the state budget, and trying to figure out how to get even more tax money out of us.Mark as read | Best of... | Permalink|