Yeah, and I already pay PG&E, Comcrap, and whoever else is maintaining those services, I don't need to pay it again to the IRS. The IRS wouldn't do jack shit on land I own.
Yeah, and I already pay PG&E, Comcrap, and whoever else is maintaining those services, I don't need to pay it again to the IRS. The IRS wouldn't do jack shit on land I own.
Do you think all these things just magically exist?
Hence, owning property isn't attractive to me at all right now unless they can stop taxing it.
Where I live we see tremendous value in the property taxes we pay. The kids get a quality education, the parks are well maintained, the streets are good and the walkways are clean. It’s not cheap but it’s all accounted for in a public ledger. And if you don’t like it you’re able to run for office to change it.
Look - I’m with you when it comes to government inefficiency, corruption, etc. the further from home the worse it is. At least property taxes go into my community and we directly benefit. It makes a place desirable.
In this case the IRS collecting LVT is just recouping the investment they have made improving your land for you.