Ill believe it when I see it. All levels of government will get their cut somehow. Property taxes are what fund schools and local governments so I doubt this is happening without major tax reform because the money has to come from somewhere.
That’s stupid as hell. Yeah why not reward landholders more, especially the old ones they sure need it /s
thri54 on
The feds generally don’t tax property. Unless they’re proposing a federal credit for property taxes paid.
JelliesOW on
Why would people in their 20s-40s be excited about not paying taxes for something they don’t own.
If anything this would benefit the millionaire class to buy up even more land
iseedeadllamas on
As a homeowner, I don’t mind paying my 4 grand a year more or less, my city’s been really good about reinvesting it into schools and public works
Avid_Reader87 on
They’d just add whatever local taxes they want to make up the difference.
And they’d probably be more and everyone would have to pay.Â
That’s what they do in Florida anytime cities need more money since we don’t have a state income tax.Â
Alarmed_Drop7162 on
Ladder pullers
Macheeoo on
Nah it’s the opposite. The old people who already own property are the ones who will benefit most. They complain they shouldn’t have to pay for local public schools since they don’t have kids that age anymore… meanwhile we get less public funding to work with.
Next-Internal-7929 on
People 65 and over are the only ones that own property in the first place.
ForAte151623ForTeaTo on
Nah, those 65+ are the people who still own property lol.
bufalo_soldier on
People 65 and older can suck it. They were able to buy houses way cheaper after you take inflation into account.
Idk if we should do away with property tax though. One thing the rich like to own is land and if they don’t have to pay taxes on it they will horde it even more.
SkiDaderino on
Even my boomer Republic parents scoffed at the idea of getting rid of property taxes in Florida.
ChildofElmSt on
I’m pretty sure it’s only people 65 or older AND with a paid off mortgage
If you still pay a house payment your age doesn’t matter you’ll still have property taxes
LoganNolag on
I think property tax should be progressive. 1st property free each additional property increasingly more expensive. That way it discourages people and or companies from owning too much property. Also before anyone says well people will just create a bunch of LLCs to buy all their properties to get around it then they need to make it based on the owners of the companies not the individual owner of the house.
15 Comments
Ill believe it when I see it. All levels of government will get their cut somehow. Property taxes are what fund schools and local governments so I doubt this is happening without major tax reform because the money has to come from somewhere.
You guys own property?
https://preview.redd.it/wozatg6j5yjg1.jpeg?width=1044&format=pjpg&auto=webp&s=b5e3d30eca6406c877a1b57b5194271c5c73d902
That’s stupid as hell. Yeah why not reward landholders more, especially the old ones they sure need it /s
The feds generally don’t tax property. Unless they’re proposing a federal credit for property taxes paid.
Why would people in their 20s-40s be excited about not paying taxes for something they don’t own.
If anything this would benefit the millionaire class to buy up even more land
As a homeowner, I don’t mind paying my 4 grand a year more or less, my city’s been really good about reinvesting it into schools and public works
They’d just add whatever local taxes they want to make up the difference.
And they’d probably be more and everyone would have to pay.Â
That’s what they do in Florida anytime cities need more money since we don’t have a state income tax.Â
Ladder pullers
Nah it’s the opposite. The old people who already own property are the ones who will benefit most. They complain they shouldn’t have to pay for local public schools since they don’t have kids that age anymore… meanwhile we get less public funding to work with.
People 65 and over are the only ones that own property in the first place.
Nah, those 65+ are the people who still own property lol.
People 65 and older can suck it. They were able to buy houses way cheaper after you take inflation into account.
Idk if we should do away with property tax though. One thing the rich like to own is land and if they don’t have to pay taxes on it they will horde it even more.
Even my boomer Republic parents scoffed at the idea of getting rid of property taxes in Florida.
I’m pretty sure it’s only people 65 or older AND with a paid off mortgage
If you still pay a house payment your age doesn’t matter you’ll still have property taxes
I think property tax should be progressive. 1st property free each additional property increasingly more expensive. That way it discourages people and or companies from owning too much property. Also before anyone says well people will just create a bunch of LLCs to buy all their properties to get around it then they need to make it based on the owners of the companies not the individual owner of the house.