The IRS has nothing to do with property taxes. Property taxes mainly go to your town and some to your state. They mainly fund your local schools, streets, parks, maintenance, etc.
Do you think all these things just magically exist?
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.