Should you be taxed on your house after you paid it off?

[888theGreat]

If you owe bank then you are still buying home, so sure you should be taxed. However , if you paid home off , then you should not have to pay taxes. Same with a car. Same with a Happy Meal from McDonalds. You should never have to pay taxes on something you have paid for. This is what makes living so expensive.

You could own a house no taxes, a well so you don't pay for water , and solar panels for electricity for warm water and heat. This would be cheapest way to live. No bogus costs and taxes.

No, you now own it and no longer owe bank

Yes, we need socialism and money for people that are bums and won't work

Updates

+1 y

I guess I am only younger person that looks out for older people. If houses get to high, older people won't be able to afford the property taxes and have to sell. They are not getting any interest on banking accounts. They can't risk over valued stock market.

Updates

+1 y

You never really own the home if you pay property taxes. They can take your home by just raising your taxes.

[Goforit1010]

I own my house. I still consider paying taxes something that needs to be done. My city has no income tax. Our property taxes cover the police & fire protection, the city schools, parks, the city library, road, sewer, and sidewalk maintenance, and the salaries for the city employees. Additionally, a portion of those same taxes go to pay for the county sheriff, county roads, and even part of the annual county fair in summer, among other things.

I WAS paying right at $12,000 annually for a mortgage - including my taxes and home insurance. Now, that the house is paid for, my costs have dropped to roughly $3800/yr.

Again, I pay zero city income tax. All those things I listed above don't come free, like Democrats LIE about. You get to pay for that stuff through taxes. It isn't a one and done thing like you portray. Oh... did I mention we get to vote for any changes in those taxes too? Things like school levies, road maintenance levies, police & fire department levies, etc...

[888theGreat]

if house values rise , you have to pay more property taxes and old people are going to not be able to pay it.

[Goforit1010]

They re-value the house every 6 years, OR if it gets sold to a new owner. It's not like I see massive increases in property taxes every year. Of course, it CAN increase if certain tax levies are increased and passed during a vote.

[ohshee]

I know you've been taxed all the way through the purchase of that home and it should end when it's paid off same with property tax you own the property that the house came on so it's done it's paid for why should you have to pay a tax every year for something that you paid for on your property year after year

[TrueConfection]

This drives me crazy with my car too. I buy the car, I pay the sales tax with money I already paid income tax on, and then I pay a vehicle tax yearly because I own the car. If I trade that car in and someone else buys it used, they pay sales tax on the same vehicle that I already payed the sales tax on!

[exitseven]

yes, that is true. I just sold my utility trailer and I needed to make a fake bill of sale that said the guy paid sales tax on it or else he could not register it.

[Massageman]

Yup. "Funny how that works, huh Rock, " sighs Bullwinkle.

[TrueConfection]

Thank you for the MHO ❤

[Massageman]

Except that the "taxes" on the purchase of the home are not taxes on the purchase. They are taxes on the property of which you now have the controlling interest. Typically, the taxes are pro-rated each month and put into an escrow account so the funds will be available when the pols send their bills!

[Likes2drive]

It would be great but the taxes pay for schools, police and fire department here, it would be great if they just used the taxes from our incomes only and no sales tax on things too, I only know one country that doesn’t have property tax on their house is China so they must be doing something different over there, I’m sure there are other countries but I don’t know which ones but I get what you’re saying

[Likes2drive]

Yeah I always felt the same way, according to your update

[Avicenna]

That would mean that taxes would be higher on some other things. Furthermore, that would make the tax system more regressive since people with paid-off homes are usually weathier, often considerably so.

[888theGreat]

My mom has and she is not wealthy

[Avicenna]

She may not be wealthy, but she is probably in much better financial shape than someone with little to no equity in their house.

[Sevenpointfive]

i live in a very highly expensive area to live. the property tax is outrageous. the sims are moving out? no, but they will soon.

[exitseven]

I hate taxes more than anyone, however if you live in a town, what do you do for schools? What about police and fire departments? Who plows the roads in the winter? Somebody has to pay for all this stuff.

[888theGreat]

There will be plenty of people that owe on their house for that , but you shouldn't pay taxes on what you own. This is a huge burden for old people barely getting by now.

[888theGreat]

This is why houses are so high in valuations , so they can get more tax dollars.

[888theGreat]

There are houses falling down valued at millions. Tell me that isn't a scam.

[exitseven]

@888thegreat I used to work in a K-12 school system. It was basically people that had kids in the system VS. people that did not have kids in the system. Using property taxes to fund local government is not perfect but I am not sure how it can be fixed.

[exitseven]

It is the wealthy that will be able to pay down their mortgages to avoid paying property taxes. The poor and middle class will take it in the neck again.

[888theGreat]

We rarely have snow

[Ironic_Method]

Yes. Otherwise rich people would buy up houses exponentially quicker than they already are.

Get out of here with your bullshit options.

[888theGreat]

another socialist I see

[Ironic_Method]

"Anyone that disagrees with my right wing bullshit is a socialist".

Regardless, we have plenty of socialist implementations in the US. Like public education and the police. Sounds like the former failed you.

[888theGreat]

When housing collapses , and it will, China will be buying them and Blackrock , which is buying a lot now.

[Redstang88]

Property tax pays for roads, schools, police, fire dpt, as well as water and sewer. It has nothing to do with whether the house is payed off or not

[888theGreat]

so I should tax you for everything you buy your owe life? Same thing. You paid more for those than a house.

[Redstang88]

No, it’s not the same thing. Property tax pays for services

[888theGreat]

these taxes could pay for services

[Redstang88]

What taxes? You mean property tax? That’s exactly what I just said

[888theGreat]

If you say so. My roads are full of holes, maybe you should tell my Mayor that. Cops never helped me and I never had a fire and I paid for water and sewer bills directly. Other words I am paying taxes on nothing I am receiving. The street cleaner doesn't even do my street anymore. All I see is new parks that no one uses. Now they do build roads for buisnesses but not for residents.

[Redstang88]

Maybe you should tell you mayor that. Property tax goes to the town and that pays for the towns police and fire department. You’re 52 years old, do I really need to explain this shit to you?

[Hispanic-Cool-Guy]

Yes, you should pay taxes on homes paid off. We need the money to invest it back into the economy for growth.

[888theGreat]

tax revenue is wasted and there is no real growth, not positive growth with Government spending. Just waste and debts. Economy grows with private sector.

[jshm2]

What the hell are you smoking?

[888theGreat]

What ever it is , it is not as strong as what you smoke. Why should I have to pay for something I already own? Why should I pay for schools when I have no kids?

[Dinosaursandanime65]

I guess you can blame whoever invented dollars.

[allaboutyou2]

Dinosaurandanime65 what difference does it make on who invented the dollar? Other countries pay tax not just those who use the dollar!!! Think about it.

[Dinosaursandanime65]

@allaboutyou2 I don’t know.