Property taxes

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Greg Abbott to sign Texas property tax bill: What to know​

Texas Governor Greg Abbott is expected to sign new legislation offering property tax relief to homeowners in the state struggling with rising bills, on Monday.

If endorsed by voters in November, the measures pushed forward by the GOP-led Texas legislature would significantly lower the cost of homeownership for millions of Lone Star State residents, including seniors and disabled owners, at a cost of over $3 billion.

More:

https://www.msn.com/en-us/news/us/g...ill-what-to-know/ar-AA1GOEYR?ocid=socialshare
 

Greg Abbott to sign Texas property tax bill: What to know​

Texas Governor Greg Abbott is expected to sign new legislation offering property tax relief to homeowners in the state struggling with rising bills, on Monday.

If endorsed by voters in November, the measures pushed forward by the GOP-led Texas legislature would significantly lower the cost of homeownership for millions of Lone Star State residents, including seniors and disabled owners, at a cost of over $3 billion.

More:

https://www.msn.com/en-us/news/us/g...ill-what-to-know/ar-AA1GOEYR?ocid=socialshare
And what does Texas intend to replace the lost revenue with?
 

Mitch Vexler: "Real Estate Taxes Have Become a Ponzi Scheme of Biblical Proportions"​

Jul 1, 2025
Local taxing authorities have over done it. Not content with merely feathering their own nests, they have done so fraudulently and deceitfully in open violation of both strict legal rules as well as moral boundaries.


1:18:32
 

Long Island mayor quits after jacking up taxes 87%, costing village nearly $1.5M over antisemitism lawsuit​

A Long Island suburb found itself suddenly without a mayor — or nearly any government at all — when almost all the town’s top officials resigned Thursday after raising property taxes 87%.

Atlantic Beach’s longtime Mayor George Pappas abruptly stepped alongside his Deputy Mayor Charles Hammerman barely two months after causing a firestorm with a nearly 90% property tax hike — and just days after a nearly $1 million legal settlement was approved by the village board of trustees.

More:

https://www.msn.com/en-us/travel/ne...semitism-lawsuit/ar-AA1HYhrx?ocid=socialshare
 

Town Wants To Increase Property Taxes by 255%​

Aug 18, 2025
This is happening in Utah.


8:49
 
What will replace the sales tax, who will control the money, state or local people, how much do you want sales tax to rise???
 
What will replace the sales tax, who will control the money, state or local people, how much do you want sales tax to rise???
Just tax everything by apportionment.

Problem, solved.
 
That what property tax did, the more you had, the more you paid...
 
Sure, if you have a million dollar house and I have a hundred thousand dollar house, your portion will be bigger. You buy a $75,000 truck and I buy a $7,500, you pay more taxes too. Sadly, we will end up with a state income tax with this foolishness.
 
Sure, if you have a million dollar house and I have a hundred thousand dollar house, your portion will be bigger. You buy a $75,000 truck and I buy a $7,500, you pay more taxes too. Sadly, we will end up with a state income tax with this foolishness.
That's not apportionment either.

Take total costs and divide by the population to arrive at a $ amount.

Send every mofo a bill for that amount.




States could do the same.


Every time the Legislature passes a spending Bill, an apportioned bill would go out to all people in order to pay for what the legislature spent.

That way they get to answer directly to the People for each dollar spent in their names.


It's the only fair way to fund government.
 
No, some asshole supports Israel and I get a bill, fuck that...
If enough of the People agree, that bill won't get paid and those who passed it get voted out of office next election for having tried to waste the People's money.

Also, it's the only way to ensure gov stays small. Ie: they won't be able to create a big bloated gov if it has to be directly paid for at each step along the way, as they try to grow it.
 

Republicans say property tax reform package would save taxpayers $2B​

(The Center Square) – Ohio House Republicans say property owners will save more than $2 billion over the next three years as lawmakers continue to whittle away at property taxes.

The Senate now gets a package of bills that have been part of a year-long debate over reducing rising property taxes and a grassroots effort to have voters eliminate them completely.

“The majority caucus has been working tirelessly to pass meaningful reforms that provide property tax relief since we started this General Assembly back in January,” said House Speaker Matt Huffman, R-Lima.

He credited the leadership of Chairman Bill Roemer, R-Richfield; Rep. David Thomas, R-Jefferson; and Rep. Jim Hoops, R-Napoleon, for advancing "initiatives today that will deliver direct savings to Ohioans statewide.”

More:

https://www.msn.com/en-us/news/othe...ave-taxpayers-2b/ar-AA1P2VUr?ocid=socialshare
 
What level of corruption is this? Why won't any politician explain how they will replace the money?
 
Forget replacing the money. That's our problem.
So no more schools, Sheriff Department, library, Fire Department, local roads, and a dozen other things that property taxes pay for...or does Florida get an income tax?
 
What level of corruption is this? Why won't any politician explain how they will replace the money?
The Ohio state income-tax and state Sales Tax are both pretty hefty. Counties have the option of putting piggyback riders on the sales tax - Cuyahoga County (Cleveland) has over 7 percent sales tax.

Ohio the low-tax state, died with Gov. Jim Rhodes. The most underappreciated great state politician.
 
Yep, the market can figure these things out. talk about a GIANT waste of money.... schools.

How's that worked out for America?
The market wants to know where the money is coming from too... schools are better than nothing, plenty of room for improvement.
 
If enough of the People agree, that bill won't get paid and those who passed it get voted out of office next election for having tried to waste the People's money.

Also, it's the only way to ensure gov stays small. Ie: they won't be able to create a big bloated gov if it has to be directly paid for at each step along the way, as they try to grow it.
I guarantee eliminating property tax in FL would pass by at least 70%. There would be a higher sales tax applied on real estate and more fees on utilities. It would also open more private schools in the state. In addition, regular sales tax would probably go to 12%.
 
"… and fund overspending"
No shit.
Like turning four lane streets into two lanes plus a bi-si-kle path on each side.
Constructing no passing zone by bus stops.
Hiring moar inspectors to see if you're tinkering around on your property.
Swat teams to keep the citizens in line.
on and on…
 
"… and fund overspending"
No shit.
Like turning four lane streets into two lanes plus a bi-si-kle path on each side.
Constructing no passing zone by bus stops.
Hiring moar inspectors to see if you're tinkering around on your property.
Swat teams to keep the citizens in line.
on and on…
That's just what Woketard city "officials"...DO.

They hate cars. Like they hate private property and individual freedom.

So, they order city stoplights staged so that drivers hit every red. "Traffic-Calming," they call it. Generally they provide a bus-only street or conduit, or else a signal that allows only buses to go. But even without that...in my Woketard city, five miles across, it can take over half an hour to "drive" through. (Laws and police-policies that embrace jaywalkers, and mid-block crosswalks that are abused by all the blue-hairs, add to that time)

The whole idea is to punish auto ownership. But they provide no alternative. Bicycles? Yes, for some. Not everyone can ride one. I used to; still sometimes do; but it's HARD to get on one with an arthritic hip; and it's reckless to ride one with brittle bones. Not to mention, not safe or practical when the streets are icy - which is four months of the year.

So, what's the alternative? BIG BOX STORES. On the outskirts of town. The kind Leftists say they hate, but somehow put policies in that help them grow.

What, I'm gonna fight stupid stoplights and suicidal phone-face pink-hairs, to come to a downtown store that has no parking, and parking meters are **PHONE APP ONLY**? Yes, that is a thing. It was sold as Progress.

I don't do money on a phone. FULL STOP. I have a place I park illegally, where I'm never bothered; but it's an eight-block walk to the business district. I'll make it. How many other old geezers will?

They wonder why cities are dying? Because the city leaders are brain-dead.
 
Hah! We got those "traffic calming" stoplights on our main north/south street. The speed limit used to be 35 MPH, now its 25 MPH.
I can catch all the lights on green if I drive 35 MPH.
 
Here the lights are timed for the speed limit. So as long as traffic ain't too bad and you make one light, you should make 'em all.
 
That was, city-government-before-Woke.

They used to pay Traffic Engineers to figure out things like that. Now they pay them MOAR, to SLOW TRAFFIC DOWN. Drive people out and away.

Wait until they start even-odd days you cannot drive into your city. Or No-IC-Zones. Or some other Woketard idiocy.
 
To the opponents of property taxes:

HOW...would you prevent an oligarch...Gates or Buffet or Soros...any of them or someone else...from just using idle cash to buy up real estate and let it sit fallow? Imagine a lovely village on the shore of a lake...and persons unknown are buying up every property for sale, for years.

For a time, things continue with renters occupying the houses. But with time, the number of lots owned by this entity, grows...and that buyer no longer CARES about rent. The homes sit fallow, falling apart, empty. The few owners left look out over a dilapidated ghost town - in an area that people actually want to live in, but cannot.

Eventually the whole town is sold. It sits there, part of the Gates Foundation Land Trust. Billy's private parkland.

Such things did exist in the past. In upstate New York, the Whitney Paper Company had a large tract of Adirondack forest called Whitney Park. It was completely off-limits to the public - it surrounded the Whitney family's private residences, boathouses and yarding equipment, access roads. There was no question about the land status: Large signs along the fencing made it plain. Hunting, Fishing, Hiking, Boating, or Trespassing PROHIBITED. VIOLATORS WILL BE PROSECUTED.

The land was taxed at a low rate because, prior to 1984, sale of this land was nearly impossible. The New York State Constitution declared that the land within the Park boundaries were to remain "Forever Wild." Land acquired by families prior to the modern state constitution, could be passed down through families; but there was no clear title for sale with mortgage encumbrance.

Mario Cuomo and his colleagues in the State Assembly, cleared that up; gave clear title to traditional landowners. Of course prices exploded; and the Whitney family, no longer running a paper company, had to get out of the tax burden.

Woketard Mary Lou Whitney, the surviving child (and in her 70s) sold Whitney Park to the State, to add to its Adirondack holdings, for a token sum. In return, she got tax rebated from, IIRC, the point where re-appraisal exploded the tax cost.

But it was real-estate taxes that broke up this sort of oligarch abuse of monopoly land-holding.

Yes, I'm aware of both the problems long-time landholders have in paying the new re-appraised tax rates, and also the philosophical problems of constantly taxing a property that may have been paid in full decades earlier. That, if you have to pay government to own it, you do not own it. You rent it.

I don't know what the answer is. I know the trend we're seeing is the opposite: The move to tax "unrealized capital gains" and the ugly trend for states to tax "property" such as automobiles (above registration costs) each year. The talk among kids of taxing bank accounts.

Socialism is never the answer; government forcible-redistribution is just theft-under-cover-of-law; but the opposite hasn't worked well, either.
 
If there has to be property taxes, then they should be assessed on the purchase price, not some grossly inflated amount that some bureaucrat thinks it might be worth.
 
I think a primary residence should be exempt or just taxed for maintenance on curb/road in front of home. Something like an exemption for one city lot. In suburbs, 5 acres, and farm 40 acres, etc.

Maybe over 65 tax free?
I'd be in favor of that.

How do you control abuses? Next you know, certain qualities that only Jackass Party or LGBTQ++++ types have, get tax free. And then you get some Somali running for mayor, who promises everyone who can prove he voted for him, goes tax-free.

Cripes, I don't know. The stupidity, arrogance and corruption in our system now, just gives me a screaming headache.
 
Back
Top Bottom