What is your opinion on property taxes? (analysis, payment, invest)

[freemkt]

Originally Posted by lieqiang

Have you ever owned a home? If not, how would you possibly be in a position to make a reasonable comparison of the risk and hassles between owning and renting?

Since I have seen rents and home prices in my area rise about 10 percent a year for about the past five years, renting to me appears very risky and owning not so much.

[toosie]

This thread is about property tax - not renting. An aside about renting was fine but pursuing it further will be considered a thread hijack.

[SWFL_Native]

The great thing about property taxes is that it matches a tangible asset value a location and a tax basis. Now how we got assessing valuation and the usage of tax funds are much different discussions. But for local public services funding a property tax is highly effective and fair.

[freemkt]

Originally Posted by SWFL_Native

The great thing about property taxes is that it matches a tangible asset value a location and a tax basis. Now how we got assessing valuation and the usage of tax funds are much different discussions. But for local public services funding a property tax is highly effective and fair.

That is highly highly debatable. Further deponent sayeth not.

[MrRational]

Originally Posted by freemkt

That is highly highly debatable.

No it really isn't.

There's some room at the margins to debate a few particulars.. but the basic truth is very clear.
And it has been for a very long time.

Further deponent sayeth not.

Uh huh.

[C24L]

I do not like property taxes.I do not approve of them.

[gwynedd1]

Originally Posted by Boompa

Increase Property Taxes to cover other areas of necessary public services. Even Health Care, take the onus off the employer and put it on property owners

Thread should have stopped here. However I would add to have a few such services as possible except where the monopoly cannot be avoided.

[MrRational]

Originally Posted by Boompa

Increase Property Taxes to cover other areas of necessary public services.

Pocket games. Tenants pay the property tax.

Even Health Care, take the onus off the employer and put it on property owners

The employers volunteered for the onus and still prefer having that leverage over employees.

Still, you're partly right... getting Healthcare insurance detached from employment is a Good Idea.
I've been advocating it for over twenty years.

[Lowexpectations]

Originally Posted by MrRational

Pocket games. Tenants pay the property tax.

The employers volunteered for the onus and still prefer having that leverage over employees.

Still, you're partly right... getting Healthcare insurance detached from employment is a Good Idea.
I've been advocating it for over twenty years.

This is incorrect. Tenants pay what the market bears at the time they commit.

[MrRational]

Originally Posted by Lowexpectations

This is incorrect.

I could have written three pages to explain it fully... but, no. It isn't incorrect.
Should that have been necessary?

Tenants pay what the market bears at the time they commit.

And of what the tenants do pay to the landlord... it goes where?

Among other operating expenses the property taxes are at the top of the list.
Feel better now?.