On The Market

Property Taxes Banned? States Imagine a Tax-Free Future

18 snips
Aug 25, 2025
A fierce debate brews around property taxes and their potential legality as a form of theft. Advocates argue that these taxes violate constitutional rights, fueling movements for reform in states like Florida and Ohio. Rising home prices demand a closer look at the financial burden on homeowners, prompting discussions on tax limitations and their effects on ownership costs. The talk also dives into how these shifts could reshape regional migration patterns and mortgage affordability, challenging the very nature of property ownership.
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INSIGHT

Property Taxes Are Tied To The Property

  • Property tax is a lien on the property, not a personal debt tied to the owner.
  • Buying a house with a tax lien means you inherit that tax obligation.
INSIGHT

Property Taxes Fund Local Services

  • Property taxes have funded local governments in the U.S. since the 1800s.
  • About three out of every four local tax dollars nationwide come from property taxes.
INSIGHT

'No True Ownership' Argument Explained

  • Critics argue ongoing property taxes mean you never truly own your home.
  • They point to government foreclosure power as evidence of conditional ownership.
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