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re: You never own your house or car
Posted on 8/30/26 at 5:34 pm to Oilfieldbiology
Posted on 8/30/26 at 5:34 pm to Oilfieldbiology
quote:
Quit paying taxes and see what happens to your property. Hint, you don’t get to keep it despite “owning it”
No shite. It's because your property is essentially your collateral on your property taxes.
Quit making payments on any loan where you use your property as collateral and see what happens to your property. Hint you don't get to keep it despite owning it!
Posted on 8/30/26 at 6:52 pm to liz18lsu
quote:
In what sense? Personal property taxes and real estate taxes are based on ad valorem - the FMV x's a millage rate. Most states do not impose a true property tax on vehicles held by idividuals. Missouri does. And a handful of other states. But do not confuse personal property tax with tag fees.
Tag fees are a property tax. In every state I'm aware of, you can't even have a vehicle sitting on your property that you intend to never drive unless it has a current tag.
Posted on 8/30/26 at 7:23 pm to armytiger96
quote:
No shite. It's because your property is essentially your collateral on your property taxes. Quit making payments on any loan where you use your property as collateral and see what happens to your property. Hint you don't get to keep it despite owning it!
If I have paid for my house out right, what loan have I quit paying?
Can I ever pay enough property taxes to where I no longer have to pay any? If not, I’m simply renting my property from the government.
Posted on 8/30/26 at 7:32 pm to Ostrich
You should not have to pay property taxes after a certain amount of years.
In 20-30 years, most people will not live in houses but apartments. Which is worst because you can never own it.
People need to go go to these city council meetings and watch closely at what they vote.
They love raising millage rates.
In 20-30 years, most people will not live in houses but apartments. Which is worst because you can never own it.
People need to go go to these city council meetings and watch closely at what they vote.
They love raising millage rates.
Posted on 8/30/26 at 7:36 pm to Red Stick Tigress
It should be zero at that age.
Posted on 8/30/26 at 7:39 pm to Oilfieldbiology
More people will use bicycles in the future.
They will find a way to tax it.
They will find a way to tax it.
Posted on 8/30/26 at 7:46 pm to 225Tyga
The government will play the long game. Keep raising property taxes, they will confiscate the land and give it to illegal immigrants.
Next you live in a shitty apartment paying $3500 a month and rent goes up $200. You can't pay and get evicted.
You don't own a car because only the rich can afford it and so you are homeless going from one shelter to the next.
That is the future of America.
Next you live in a shitty apartment paying $3500 a month and rent goes up $200. You can't pay and get evicted.
You don't own a car because only the rich can afford it and so you are homeless going from one shelter to the next.
That is the future of America.
Posted on 8/30/26 at 7:47 pm to Rabby
quote:
When they sell a property due to delinquent tax debt, it is offered as a fire sale - solely to pay off the tax debt. Goes to the highest bidder for next to nothing. The loss will be huge.
This used to be the case but incorrect now. A recent USSC said they have to sell it as Sheriff sale to get the most money and the difference goes to the owner after deducting taxes.
Posted on 8/30/26 at 7:49 pm to Oilfieldbiology
If you paid off your Mortgage then you shouldn't have to pay property taxes.
Posted on 8/30/26 at 7:56 pm to TechDawg2007
What is this "tag" you speak of? Only bootlicking figs brag about paying fees. If you pay for gas you're paying for the roads. Brake tags were welfare to campaign donors, good ol boys, and to fund Huey Long's militia, I mean the State Police who, as far as I can tell, spend most of their time pulling over minorities and role playing like they're still in the marines, I mean, the army, I meant national guard. The number of redneck, big truck, double wide bleed red white and blue who larp on here like tough guys is sad. The state's getting boofed every kind of way, with "Maga" Landry happy to sign it all away in secret. We're paying hundreds of millions of dollars in corporate welfare and actual socialism every year to the plants, to the utilities, to frickin' elon musk now, and your tired arseholes are worried about some break tags are going to be the thing that ruins public finance. Get bent.
Posted on 8/30/26 at 8:59 pm to TechDawg2007
We allowed ourselves to become serfs. Which is ironic because that’s exactly what most of our European ancestors were escaping.
Posted on 8/30/26 at 9:09 pm to Oilfieldbiology
quote:
If I have paid for my house out right, what loan have I quit paying?
You need to look up the difference between a collateral loan and a mortgage.
quote:
Can I ever pay enough property taxes to where I no longer have to pay any? If not, I’m simply renting my property from the government.
You can look at it that way if you want to but in my opinion that's not what is actually happening.
If you were "renting" then the government would charge you what the value of the property is based on the principles of supply and demand.
Instead you are paying for a series of dedicated taxes that were voted on individually by the citizens. The value of your house is used to dictate the amount you owe for the respective taxes. Your overall property tax is dictated by the summation of milllages associated with respective taxes.
This is not rent it is a tax bill where your property is collateral.
Once upon a time in LA it was a chimney tax. So does that mean you owned the house but not the chimney's?
Why are you so hell bent on arguing semantics with me? I only entered this conversation to say that one poster's analogy of using eminent domain was accurate compared to a tax seizure.
You are welcome to view it however you want. I really don't care.
This post was edited on 8/30/26 at 9:28 pm
Posted on 8/30/26 at 9:14 pm to Red Stick Tigress
quote:They aren't reduced but they are frozen, if the homeowner takes the right steps. Taxes can increase if improvements are made to the property that exceed 25% or more of the property value. This varies by state
Property taxes should be reduced for people over age 65.
Posted on 8/30/26 at 9:20 pm to HoboDickCheese
quote:
HoboDickCheese
Does that include the refrigerator box that a certain poster may frequently inhabit?
Posted on 8/30/26 at 9:22 pm to HoboDickCheese
Frozen at the rate that exists at the time.
My property tax equals a SS payment.
My property tax equals a SS payment.
Posted on 8/30/26 at 9:22 pm to Rouge
quote:
0.52% of $5,000 of appraised value. My MUD tax is $26 per year. Local school TX is 1.01% of appraised value minus $140K for Homestead Exemption. Say my house is $500K. My school tax would be about $3600.
Where do you live
Posted on 8/30/26 at 9:27 pm to LCA131
quote:na, I get that shite for free
Does that include the refrigerator box that a certain poster may frequently inhabit?
Posted on 8/30/26 at 9:30 pm to Red Stick Tigress
quote:Correct. if you were to buy a new house at 65+ it would go on at full value, then you would be frozen
Frozen at the rate that exists at the time.
Posted on 8/30/26 at 9:34 pm to Red Stick Tigress
Property tax on my home is running about $1600 a month currently. Sucks even thinking about it
Posted on 8/30/26 at 9:38 pm to HoboDickCheese
I know. I have my taxes frozen. They are $1,500/year.
They went up from low $300s to the above when property was transferred to me.
Not affordable to say the least.
They went up from low $300s to the above when property was transferred to me.
Not affordable to say the least.
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