Some states look to eliminate property taxes 

Paying thousands in property taxes yet kids have crappy schools

Property tax up 40%, you think states are giving out 40% better public services? The money just vanishes.

Now that corporations own all the homes, now they want to remove this tax? How transparent does greed get?

A PAID OFF HOME CAN STILL BE TAKEN FROM HOMEOWNERS IF NO TAXS PAID. THAT SHOULD NEVER BE.

Problem is, where's the money going?

Property Tax: Money that must be paid, otherwise you will be evicted. We call that rent where I come from.

Buy a house - you pay sales tax - every year you pay property tax - money you make - pay taxes- groceries you buy - taxes - then you retire - and pay more taxes on the money that was taxed already - forgot about the car - you buy a car sales tax - no problem - but after that every year car tax on how much the car is worth - so how many times you pay car tax on the same car????? And one more - Trump made middle class pay more taxes every year until 2027 - and there is nothing you can do . In America you own nothing - it's pure illusion of owning

These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

Don't pay your property taxes and see who really owns your home. That's why we Vote NO on any measure that raises our property taxes.

Most places haven’t actually raised taxes . They have just reassessed your property value with the high inflation. But you can bet when the price goes down they won’t reassess again for years.

Taxes, water, everything goes up except my salary.

Our government could stop giving our money away.

There should be zero property tax for individual homeowners. You own your home and shouldn’t have to pay anything extra to keep owning it. Government services should be only what’s absolutely necessary and paid through sales tax. Cut government to the bone.

If you have to pay rent on property that you own, you do not truly own the property.This is theft!

You want to stop taxes now that corporations own a large number of houses 🤔

Ask where your property tax dollars have gone the last 10 years? It’s more than likely been wasted or ended up in the pockets of politicians.

This is a common scam where they take away taxes in one place and transfer it to another. Wealthy landlords will pay less while everyday people will foot the bill by paying more taxes on goods or lose funding for schools, roads, etc.

there's something off about property tax altogether. something about it, being that even if you've fully paid off the house and retired, your home will never technically be yours. i hear a lot of stories about homes being seized when owners couldn't keep up with the property taxes.

Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this

All states should eliminate property taxes

Lets remove property tax on occupied homes and increase the taxes on unoccupied homes horded by corporations as investments.

There should be a one time sales tax on your home when it’s purchased, and that’s it.

Billionaires looking for tax breaks on their multi thousand acre homes......

Where does all this tax money go anyways, you are taxed for EVERYTHING, and the country is falling apart, and you never see the money going back into anything.

Our roads are crumbling, schools have gone down hill, etc. The money is going somewhere. Problem is, nobody knows where?

Stop giving our money to other countries when we need it.

Property taxes do not pay for roads, that's gas taxes.

Property taxes are so high, goes up a lot each year so why are the roads so crappy and schools so pathetic?

Just ban short term rental like air Bn B and corporate landlords from buying single family houses. That will flood the market with 50 % more houses for sale

I bet that the state will find other “creative” ways to charge people

There should be homestead and that should be raised. Seniors should not have to pay if their home is paid off.

Tax should definitely capped. Government spending needs to be capped too

It's ridiculous to have to pay property taxes every year. One time when you buy the property, that's it. The founding fathers would puke if they saw how citizens are being extorted by government

$2943 a year in property tax?! Try living in New Hampshire, that'd be a dream come true!

Will this have a positive effect on the housing market? If you were to put your money in either housing or stocks atm, which one promises more short term?

My property taxes only pay for city employees retirement funds. They went from $1,200 to over $4,000.

Eliminating the food tax would help people with lower wages.

This is a no brainer. Property taxes are a wealth tax on the middle class and poor home owners. Eliminate property taxes on owner occupied residences. Pay for it by raising property taxes on investment properties and the very wealthy.

Seniors should have no property tax as long as it's their primary residence.

I never understood property taxes if you own your property.

the idea is silly in itself. why should i have to continually pay taxes on something i own and already paid taxes on when i bought it. You will also pay taxes when you sell it to.

are these lobbied by all these corporations that own these homes...

I live in Indianapolis, Indiana and my property tax went up 69% last year. It cost me over $400 extra a month. Unbelievable.

The problem is not property taxes, it is the recalculating the tax based on the changing value of the property in a market where that value is being driven by investors. A simple solution would be to freeze the amount the calculated home value at the price of the property when it was purchased... so long as you live in the home. That way your tax would remain the same as long as it is your homestead. Another possible solution would be to freeze the property tax when a senior citizen owns and lives in the property and keep it frozen after death if the spouse or children were living with the senior at the time. (To avoid a massive hit at the worse possible time)

It's not about homeowners being unable to afford $750 a year, it's about saving real estate investors millions.

No this needs to be only for primary homes not investment properties !

Nobody is worse than NJ. In 2010 I bought a home for $250,000, The taxes were $4000; By the time I sold the house in late 2015, it was worth $255,000 ($5k more) but the taxes had risen to $8500. During the same period the HOA went from $1200 to $2500 annually.

Instead of eliminating or reducing property taxes. Why not eliminate or reduce foolish spending?

Reducing property tax will shift the tax burden to renters and low income people.

What government should to instead of raising taxes is to cut staff, reduce expenditures on infrastructure, and reduce wages and benefits.

Imagine having no kids, yet paying for other people's kids.

There is no bigger waste of money than giving your money to any government, local, state or federal for them to squander.

We do not have a housing shortage...we have a severe shortage of affordable housing.

We need to eliminate then because my mother in law lost her paid for mortgage over property taxes. She is a senior citizen! This makes zero sense.

What about seniors. My house I bought in 1998 now has an assessed value more than 2.5 times what I paid but my Social security didn't go up by that much.

You mean corporations don't want to pay taxes on the property they owen. Pushing the tax burden on to residents.🤔

So they want to eliminate property taxes from people with money and home equity and passes the taxes on to the people that dont have money to buy homes?

Property taxes should be taking off completely

They will do everything EXCEPT stop spending

Does anybody remember Prop 13 in CA? It was not a good thing. Several things happened: 1) Increases per year were limited (well below the increases in property values). That led to an increasing "grandfathering" effect. Existing homeowners had cheap rates, then when somebody else bought the property, they were hit with rates calculated from the actual property value. 2) The proposition was sold on the idea of little old ladies being taxed out of their lifelong homes. In actuality, it was done to save big corporations money on the land they hold. 3) The state increasingly helped itself to property tax money. Cities and counties were left scrambling for what was left. Local services and road maintenance have been hampered ever since. 4) Endless exceptions had to be made as things went on to make things seem to have any semblance of fairness. Every couple years we can count on having a proposition or two to modify what was done. 5) Now that the tax cut is entrenched, there's no practical way to just "get rid of it". If taxes seem to go up for no good reason, we need more transparency over how they're set and hold people accountable. Knee jerk reactions like Prop. 13 don't solve anything.

Property taxes should be based upon the purchase price of the property, not what the value of the property is. Supply and Demand is stupid to use to collect taxes. If I buy a house at 140K 12 years ago, it should be the same amount every year since then. Mine has gone from 1800 dollars a year to now almost 5K in these 12 years.

What i'm curious about is when your property taxes goes up over 40% in 5 years what do they do with all this extra money? They still pretend to have nothing and ask for more from their citizens.

Make it only for homeowners, and limit it to 1 home per family and its perfect

Why not income tax? Wouldn't be surprised if no rents drop and that it only helps those who are wealthy enough to even buy a home nowadays, or who already have a home. No taxation without representation and i don't feel like I'm properly being represented. This country is going down the toilet, by those saying that this country is going down the toilet and yes, I see the hypocrisy in that. Yes, myself, and many others can also be blamed for why this country is going the way it is.

Let me guess, breaks for the rich? $300k or higher homes?

Property taxes should be eliminated period.

My state (Michigan) depending on the city. Property taxes is a 2nd mortgage.

There need to be a cap on home insurance too. That has become ridiculous amount too

Have they started colleting taxes on paying taxes yet? Just wait a week.

Property taxes are a crazy concept. If your home goes up in value, it's an unrealized profit. You don't get taxed on stocks that went up in value if you haven't sold it.

How can you just get rid of it? I'd love that, but where would schools get their funding? Wouldn't this also cause houses to go up in price? I feel like they really need to lower housing prices. Unfortunately the only way I can think of doing that is by adding more homes on the market.

You don't own anything if you have to pay a tax to keep it.

The last time I checked when we had less tax was never.

I don't think I can really sympathize with people who are complaining about high property tax when there's millions of people without a home at all or stuck renting due to lack of affordable housing. If you live in a state that bases property taxes on home value, that would explain why it's so expensive and you can try to fight it if you feel the valuation is wrong. In some states, you can deduct property taxes on your tax form. You also have access to benefits that non-homeowners don't, like being able to borrow against your home AND having your home as an investment that will generally always increase in value (hence the high property taxes). Furthermore, these taxes pay for schools, infrastructure, and the like. If the schools around you are shitty, either your tax dollars are being poorly spent (go to your local school board meetings), or the tax base is small so your schools are underfunded compared to wealthier areas around you. But don't act all "woe is me" when you own one of the biggest factors in generational wealth in this country in a time where millions of people just can't.

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

Don't worry, sales and income taxes will go up.

Property Taxes = Land Rental Fee

If I buy a home and its paid off, I should not need to ever pay the government to continue using it as a home.

Landlords take every opportunity to stop the construction of new homes and inflate housing prices just to beg for tax breaks on those very same values? Pick one.

How will city councils fund their retirements?

Replace property tax with land tax. Someone living in a downtown condo shouldn't pay the same property tax as McMansion in the burbs. Your housing tax should be relative to the amount of land and resources you use

We need to decrease government waste and spending like why keep throwing more money on the fire

So capping rich people's mansion taxes, while the person in the apartment picks up the burden is A OK but student loan forgiveness? Why should the rancher pay for your student loan. What hypocrites!

Everyone who resides in an area should share the burden, not just property owners.

It's needed. I pay almost 20k in property taxes. It's ridiculous.

This year will undoubtedly be worse than the previous one. Because I was so concerned about my portfolio, I made poor investing decisions that cost me a lot of money last year. Though I was unsure whether to begin making house payments, I continued to invest. Ultimately, I let go of my jobs, and the house required more maintenance than I'd anticipated. How long can I continue in this manner?

There is NO WAY these states will eliminate property taxes without raising something else. Not a chance.

Don't fall for it... they'll just make up for it somewhere else that's going to hurt even more.

Do it by tax bracket.... if your household income is greater than 200k, you pay....

Nobody going to ask how this worked out in California?

It would help millions of citizens to cut out property taxes.

Property taxes serve as a mechanism to expropriate land from the people.

Thereby taxing people who are poor out of proportion (sales) no.

In WV, we have homestead exemptions for retired and disabled homeowners. I pay $86 yearly for 2 acres of land. I don't know any other states that are that low. Comment below 👇 if you pay less in tax.

This will destroy these states' schools, roads, libraries, infrastructure of all kinds. Terrible idea.

I'm moving overseas to avoid state, local, and Property taxes. You don't own your home. You rent it from the county tax assessor.

This just shifts the burden from wealthy baby boomers to young renters.

If you can't afford the property tax, maybe you better move. I see rows and rows of quarter to half million dollar homes. I live in an old fixer upper in a crappy little Midwestern town. But every spring I can come up with the 2500.00 dollars for property taxes, 75 percent going to the schools. Never had kids and I've been paying property taxes for the last 40 years. But I don't complain because I believe in investing in our children your children. I don't want a bunch of morons running around trying to run the place someday.

Did she say Wyoming?? No property tax but high taxes on everything, purchasing a new home in very expensive, 2 alcoholic mix drinks totals $80, 2 steaks for $500, this is Wyoming, they make up for something else

A state would make more money from sales tax than they would property tax. Not everyone owns a home but everyone shops