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Property Tax Credit
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<blockquote data-quote="jdfisherman" data-source="post: 420885" data-attributes="member: 1475"><p>I'm sure it's been said in this thread already, but the issue with property tax is that even if you own property free and clear (no mortgage), if you don't continue to pay property tax (with money that's already been taxed) the county can take your land to settle the tax bill. And to top it off, they take your $200k property for $10k of taxes, sell it, and put the other $190k in their pocket instead of giving it back to you (not how it's supposed to work but that's how they do it in a lot of places - if you can't afford the property taxes you can't afford the attorney to fight them).</p><p></p><p>If you don't pay for license tabs for your vehicle (which is just a tax) you can't legally drive on the roads, but you retain ownership of the vehicle. If you don't want to pay sales tax, then you can't buy the item.</p></blockquote><p></p>
[QUOTE="jdfisherman, post: 420885, member: 1475"] I'm sure it's been said in this thread already, but the issue with property tax is that even if you own property free and clear (no mortgage), if you don't continue to pay property tax (with money that's already been taxed) the county can take your land to settle the tax bill. And to top it off, they take your $200k property for $10k of taxes, sell it, and put the other $190k in their pocket instead of giving it back to you (not how it's supposed to work but that's how they do it in a lot of places - if you can't afford the property taxes you can't afford the attorney to fight them). If you don't pay for license tabs for your vehicle (which is just a tax) you can't legally drive on the roads, but you retain ownership of the vehicle. If you don't want to pay sales tax, then you can't buy the item. [/QUOTE]
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