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<blockquote data-quote="KDM" data-source="post: 447148" data-attributes="member: 314"><p>What everyone needs to realize is that property taxes are based on UNREALIZED gains. It's all made up numbers. It's taxing you on money you have NEVER had in your pocket. Property taxes should be based on what you paid for your home and not one cent more and never increase or decrease until you sell it IMO. That is the true value of property. Increasing your property value and then taxing you on it has to be the biggest scam ever and people just roll over for it. People should also only be able to borrow against what they bought property for and not this inflated value, but you can't fight greed I guess. Carry On!</p></blockquote><p></p>
[QUOTE="KDM, post: 447148, member: 314"] What everyone needs to realize is that property taxes are based on UNREALIZED gains. It's all made up numbers. It's taxing you on money you have NEVER had in your pocket. Property taxes should be based on what you paid for your home and not one cent more and never increase or decrease until you sell it IMO. That is the true value of property. Increasing your property value and then taxing you on it has to be the biggest scam ever and people just roll over for it. People should also only be able to borrow against what they bought property for and not this inflated value, but you can't fight greed I guess. Carry On! [/QUOTE]
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