(10-16-2022, 08:14 PM)americus 2.0 Wrote:

(10-16-2022, 06:25 PM)NewJagsCity Wrote: Per this property tax issue:  Land should only be taxed when:

You purchase it
You pay a mortgage/loan on which it is the collateral
You sell it

Just like any other asset/investment,  You don't pay tax on your 401k or 403b until it is sold.

Property tax on property owned free and clear is one of the biggest ripoffs ever.  And neither party would advocate its revocation, because its too valuable as a source of government funding.

"Fun" fact. The state of NC brings in between $5-8M in "tampon tax" revenue per year. Something that is 100% a necessary is considered a "luxury" and is taxed as such. 

It's insane the things we're taxed on. 

My husband and I own 10 acres of land outright. We owe nothing on it, we don't even live on it, yet we are taxed. Hell, half of it isn't even useable other than for trees to grow and its ecosystem.

NC also has sales tax on food. Most states dont put sales tax on food except hot food. NC is way out of line on their sales tax, I agree with you.
But your property? If the land isnt usable, your taxes are probably fairly low? Is it good for hunting or ATV or something like that? What do you use it for? Sell the trees to loggers every few years? I know people in Florida who do that.

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