Property Tax Scam
Wednesday, April 11th, 2007As every American knows, “private property” is a joke. Like literally everything else, when real estate changes hands, the state gets a piece of the action (real estate transfer tax.) They also demand continual payment of protection money for real estate (property taxes.) When property values rise, naturally the tax man gets a bigger slice of the pie by officially increasing the “state equalized value” of one’s property. Should you improve your property, after you get their permission, you’ll pay higher taxes for the privilege of doing so.
In a shocking new twist, with property values falling, local governments are refusing to lower SEV’s no matter what the purchase price of a property is. This will pile more problems onto the deflating housing bubble, making foreclosures even less appealing to the few buyers who are out there.
When the value of property rises - so does the extortion cost. When the price of property falls, too bad, shut up and pay. Extortion never gets cheaper. The dough must continue to roll in - how else could they keep funding their benefit/pension plans and feathering their own nests?
Is it any wonder the American economy is crumbling with such internal bureau-rot? When the masses finally wake up cold, hungry, homeless and realizing they’ve been had, it will be ugly. Could this be the purpose of the domestic detention camps?




duty that are still used today.


