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Write me a check for thousands based on a random number I say your property is worth. THAT IS WHAT PROPERTY TAX HAS TURNED INTO and Ownwell is here to help Sign up in 3 mins with my special link below and join the hundreds of TOLOs who don’t... show more

Shan Shariff

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18,674 просмотров • 9 месяцев назад •via X (Twitter)

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SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 просмотров • 7 месяцев назад

California Democrats have cooked up a new “Property Transfer Tax” that would charge homeowners 5-6% on every home sale — based on the sale price, not your equity. That means if your home is worth $700,000 to $1 million — which is common in California — you could get hit with a tax bill of $42,000 to $60,000 just for selling your home! That’s right: after years of paying your mortgage, property taxes, insurance, and upkeep, Sacramento politicians want to grab tens of thousands more when you sell.

California Democrats have cooked up a new “Property Transfer Tax” that would charge homeowners 5-6% on every home sale — based on the sale price, not your equity. That means if your home is worth $700,000 to $1 million — which is common in California — you could get hit with a tax bill of $42,000 to $60,000 just for selling your home! That’s right: after years of paying your mortgage, property taxes, insurance, and upkeep, Sacramento politicians want to grab tens of thousands more when you sell.

Mike Netter

369,522 просмотров • 5 месяцев назад

Texas property tax fights are back. Won with Ownwell last time and doing it again this year. No gimmicks, just use my link below and they will give you a discount on top of whatever they end up saving you on your taxes. #OwnwellPartner

Texas property tax fights are back. Won with Ownwell last time and doing it again this year. No gimmicks, just use my link below and they will give you a discount on top of whatever they end up saving you on your taxes. #OwnwellPartner

Lance Zierlein

68,834 просмотров • 5 месяцев назад

These are the 5 worst states for retirees financially: - Number 5, California, they tax your entire 401k withdrawal, $100,000 in distributions, $8,000 bucks straight to Sacramento. And if you own a home at the median price, which is now above $900,000 bucks, property tax is nearly $9,000. On top of that, not to mention it's the only state to fully tax military retirement benefits. - Number 4, New York, they give a $40,000 exclusion for married couples. Sounds decent, but — the other$60 grand gets taxed, add on 8.25% sales tax. And if you live in the city, add an additional extra city income tax because why not - Number 3, Jersey highest property tax in the country with the average bill just hitting $10,000. But they do offer retirement income exclusion up to a $100,000. The only catch total income has to stay below $150 grand, cross that threshold by even a dollar and say hello to $6,500 bucks of new taxes - Number 2, Connecticut property taxes. Third highest nationally at $7,700 a year on a $400,000 home, but they are phasing in full retirement income exemption. That hits a hundred percent in 2026. They're the only state on this list actually getting better. They're not there yet, and I blame Greenwich - Number 1, Illinois. Yes, they exempt all retirement income, zero state tax on your 401k. but property tax is second highest nationally and in Chicago the sales tax is 10.25%

These are the 5 worst states for retirees financially: - Number 5, California, they tax your entire 401k withdrawal, $100,000 in distributions, $8,000 bucks straight to Sacramento. And if you own a home at the median price, which is now above $900,000 bucks, property tax is nearly $9,000. On top of that, not to mention it's the only state to fully tax military retirement benefits. - Number 4, New York, they give a $40,000 exclusion for married couples. Sounds decent, but — the other$60 grand gets taxed, add on 8.25% sales tax. And if you live in the city, add an additional extra city income tax because why not - Number 3, Jersey highest property tax in the country with the average bill just hitting $10,000. But they do offer retirement income exclusion up to a $100,000. The only catch total income has to stay below $150 grand, cross that threshold by even a dollar and say hello to $6,500 bucks of new taxes - Number 2, Connecticut property taxes. Third highest nationally at $7,700 a year on a $400,000 home, but they are phasing in full retirement income exemption. That hits a hundred percent in 2026. They're the only state on this list actually getting better. They're not there yet, and I blame Greenwich - Number 1, Illinois. Yes, they exempt all retirement income, zero state tax on your 401k. but property tax is second highest nationally and in Chicago the sales tax is 10.25%

Wall Street Apes

206,331 просмотров • 5 месяцев назад

Ron DeSantis on ending property taxes statewide: "You buy a home, you buy land... and then, you've been taxed many times [on that]... is it your property, or not? Just for being on your property, you've got to write a check to the government every year?"

Ron DeSantis on ending property taxes statewide: "You buy a home, you buy land... and then, you've been taxed many times [on that]... is it your property, or not? Just for being on your property, you've got to write a check to the government every year?"

unusual_whales

3,967,312 просмотров • 1 год назад

Ca Billionaire Tax is new tax system to apply a tax on ALL property owned, not just real estate but stocks, bonds, furniture, autos, cash, gold, silver - everything. And don’t believe it’s about billionaire $8T, they want to tax their entire $170T property owned by middle class. Imagine your grandparents with no real income who now live off social security and whatever they live accumulated in savings. The govt would tax the value of all the assets they’ve collected over their lifetime. Let’s say grandpa has a $1,000,000 net worth but very little cash. The gov’t would tax the value of assets and grandpa would have to pay $50,000 in taxes annually. It’s like a property tax but not just on your home everything they own!

Ca Billionaire Tax is new tax system to apply a tax on ALL property owned, not just real estate but stocks, bonds, furniture, autos, cash, gold, silver - everything. And don’t believe it’s about billionaire $8T, they want to tax their entire $170T property owned by middle class. Imagine your grandparents with no real income who now live off social security and whatever they live accumulated in savings. The govt would tax the value of all the assets they’ve collected over their lifetime. Let’s say grandpa has a $1,000,000 net worth but very little cash. The gov’t would tax the value of assets and grandpa would have to pay $50,000 in taxes annually. It’s like a property tax but not just on your home everything they own!

Grant Cardone

730,836 просмотров • 7 месяцев назад

Sneaky, Sneaky little devils! Did you know your city pays into a group called the Florida League of Cities who is funded by YOUR property taxes that is sending talking points to your city to talk you into voting NO on the property tax amendment? There are also multiple other groups your city sends your tax dollars to. I checked on Cape Coral to see what kind of $ is involved - $87,000! Blaise Ingoglia Thanks to Grant for the info Grant Warrington watch the entire vid here

Sneaky, Sneaky little devils! Did you know your city pays into a group called the Florida League of Cities who is funded by YOUR property taxes that is sending talking points to your city to talk you into voting NO on the property tax amendment? There are also multiple other groups your city sends your tax dollars to. I checked on Cape Coral to see what kind of $ is involved - $87,000! Blaise Ingoglia Thanks to Grant for the info Grant Warrington watch the entire vid here

little brown dog

55,019 просмотров • 2 месяцев назад

🚨 BREAKING: Ron DeSantis advocates for the nationwide abolition of property taxes. "You buy a home, you buy land... and then, you've been taxed many times.. is it your property, or NOT? Just for being on your property, you've got to write a check to the government every year?"

🚨 BREAKING: Ron DeSantis advocates for the nationwide abolition of property taxes. "You buy a home, you buy land... and then, you've been taxed many times.. is it your property, or NOT? Just for being on your property, you've got to write a check to the government every year?"

FAN TRUMP ARMY

4,164,619 просмотров • 1 год назад

🚨 Agree or disagree? We should abolish property taxes NATIONWIDE. DeSantis: "You buy a home, you buy land... and then, you've been taxed many times [on that]... is it your property, or NOT? Just for being on your property, you've got to write a check to the government every year?"

🚨 Agree or disagree? We should abolish property taxes NATIONWIDE. DeSantis: "You buy a home, you buy land... and then, you've been taxed many times [on that]... is it your property, or NOT? Just for being on your property, you've got to write a check to the government every year?"

Eric Daugherty

2,120,365 просмотров • 1 год назад

Homeless people break into a California storage yard and begin living in and destroying the luxury RVs on the property. Hundreds of thousands of dollars in damages and the owner is helpless to evict the homeless from his RVs. Naturally the city and county do NOTHING to help

Homeless people break into a California storage yard and begin living in and destroying the luxury RVs on the property. Hundreds of thousands of dollars in damages and the owner is helpless to evict the homeless from his RVs. Naturally the city and county do NOTHING to help

Kevin Dalton

1,531,727 просмотров • 1 год назад

This is a hard time for me and my family. I’ve decided it’s in the best interest of my lip to separate from Zyn. I can’t help but feel there is a nicotine pouch out there for me that I can fight for, and feel like I matter to them. Please add suggestions below. My lip is ready

This is a hard time for me and my family. I’ve decided it’s in the best interest of my lip to separate from Zyn. I can’t help but feel there is a nicotine pouch out there for me that I can fight for, and feel like I matter to them. Please add suggestions below. My lip is ready

Taylor Lewan

351,228 просмотров • 2 лет назад

🚨DeSantis tells snowbirds who vote in NY, rich assholes who buy a huge house in South Florida and AirBnBs to PONY UP! Property Tax elimination is for RESIDENTS! “I don't care if they get taxed! Why would I care about giving them a tax cut? I want to help Floridians with that!”

🚨DeSantis tells snowbirds who vote in NY, rich assholes who buy a huge house in South Florida and AirBnBs to PONY UP! Property Tax elimination is for RESIDENTS! “I don't care if they get taxed! Why would I care about giving them a tax cut? I want to help Floridians with that!”

Chris Nelson 🏝️🇺🇸

1,936,000 просмотров • 3 месяцев назад

What another AMAZING “coincidence” California had just passed new tax laws, if your home burns down and you don’t rebuild within 2 years (impossible in California) you lose your tax basis. Your property taxes SKYROCKET to the new values of the property “Think about a home that was purchased many years ago for $5 million. Let's say they were paying $65,000 a year in property taxes. Property goes up a lot over time, especially in these areas. Maybe the value today is $30 million. They go to rebuild it. If it was not, if they couldn't transfer the tax basis, you're looking at like $400,000 a year that they would have to pay” “In 2020, California voters approved a bill that basically said that if your house burns down in a fire, you can transfer the tax basis of that property to something that you buy or something that you build. But you only have two years to do it.” So some of the most expensive homes and properties the entire world now will get reassessed to pay maximum property tax values….

What another AMAZING “coincidence” California had just passed new tax laws, if your home burns down and you don’t rebuild within 2 years (impossible in California) you lose your tax basis. Your property taxes SKYROCKET to the new values of the property “Think about a home that was purchased many years ago for $5 million. Let's say they were paying $65,000 a year in property taxes. Property goes up a lot over time, especially in these areas. Maybe the value today is $30 million. They go to rebuild it. If it was not, if they couldn't transfer the tax basis, you're looking at like $400,000 a year that they would have to pay” “In 2020, California voters approved a bill that basically said that if your house burns down in a fire, you can transfer the tax basis of that property to something that you buy or something that you build. But you only have two years to do it.” So some of the most expensive homes and properties the entire world now will get reassessed to pay maximum property tax values….

Wall Street Apes

3,035,819 просмотров • 1 год назад

Why must property owners spend thousands of rands to remove illegal occupiers from their own property? Government has introduced a new Bill and is tightening the law on illegal land and property occupation, but critics say the system still places the burden on ordinary citizens. Tune in to #WeTheNation with @BraDanTMoyane at 8pm tonight on #eNCA #DStv403.

Why must property owners spend thousands of rands to remove illegal occupiers from their own property? Government has introduced a new Bill and is tightening the law on illegal land and property occupation, but critics say the system still places the burden on ordinary citizens. Tune in to #WeTheNation with @BraDanTMoyane at 8pm tonight on #eNCA #DStv403.

eNCA

39,046 просмотров • 3 месяцев назад

There's a common error that I see in some Excel models today that results in a property being undervalued. Since property values have fallen in many markets over the last few years, a new buyer's NOI will likely be higher than the existing owner's NOI because the new buyer's property taxes will be lower. If you were to estimate the value of your property based on a cap rate and the in-place NOI without adjusting the property taxes for the new buyer, then you're likely going to undervalue the property. There's a simple shortcut to estimate the new buyer's NOI based on a reset tax basis without creating a circular reference. Step 1: Add the Property Tax Expense back to the NOI Step 2: Add the Tax Rate to the Cap Rate Step 3: Divide the higher NOI by the higher cap rate This will equal the same result as using your original cap rate with the buyer's NOI inclusive of the reset property taxes. Note: Property tax calculations based for a new purchase will vary state to state. In California, the property taxes will be based on the new purchase price.

There's a common error that I see in some Excel models today that results in a property being undervalued. Since property values have fallen in many markets over the last few years, a new buyer's NOI will likely be higher than the existing owner's NOI because the new buyer's property taxes will be lower. If you were to estimate the value of your property based on a cap rate and the in-place NOI without adjusting the property taxes for the new buyer, then you're likely going to undervalue the property. There's a simple shortcut to estimate the new buyer's NOI based on a reset tax basis without creating a circular reference. Step 1: Add the Property Tax Expense back to the NOI Step 2: Add the Tax Rate to the Cap Rate Step 3: Divide the higher NOI by the higher cap rate This will equal the same result as using your original cap rate with the buyer's NOI inclusive of the reset property taxes. Note: Property tax calculations based for a new purchase will vary state to state. In California, the property taxes will be based on the new purchase price.

Brandon Roth | Capital Markets @ IPA

11,298 просмотров • 6 месяцев назад

“My House In Lekki Has Been Flooded. Inside The House Covered With Water. This Is a Property Worth Hundreds Of Millions. Can You Imagine That The Water Is Coming From Beneath The Ground, And The Entire Estate Is Covered By Floodwater.” ~ Man Cries Out🙆🏾‍♂️

“My House In Lekki Has Been Flooded. Inside The House Covered With Water. This Is a Property Worth Hundreds Of Millions. Can You Imagine That The Water Is Coming From Beneath The Ground, And The Entire Estate Is Covered By Floodwater.” ~ Man Cries Out🙆🏾‍♂️

Somto Okonkwo

430,293 просмотров • 2 месяцев назад

🚨 I AGREE: Abolish property taxes. Everywhere. RON DESANTIS: "To say you're just enjoying property and all of a sudden the value [goes up] - you have to pony up [to the government?] We don't really do that in anything else!" "If they're going to come tell you your house is worth twice as much than what you purchased it, and you've got to pay higher taxes as a result, that's a NEGATIVE of having rising property values. It's an unrealized gain!" "If you buy a stock, and you hold it, then you're taxed when you SELL it. The stock doubles, they don't just tax you as you hold it. Unrealized gains is NOT the way you want to run a tax system, but our property tax system basically relies on these unrealized gains."

🚨 I AGREE: Abolish property taxes. Everywhere. RON DESANTIS: "To say you're just enjoying property and all of a sudden the value [goes up] - you have to pony up [to the government?] We don't really do that in anything else!" "If they're going to come tell you your house is worth twice as much than what you purchased it, and you've got to pay higher taxes as a result, that's a NEGATIVE of having rising property values. It's an unrealized gain!" "If you buy a stock, and you hold it, then you're taxed when you SELL it. The stock doubles, they don't just tax you as you hold it. Unrealized gains is NOT the way you want to run a tax system, but our property tax system basically relies on these unrealized gains."

Eric Daugherty

1,255,520 просмотров • 1 год назад

JUST IN: Gov. Ron DeSantis on ending property taxes statewide "You buy a home, you buy land... and then, you've been taxed many times [on that]... is it your property, or not? Just for being on your property, you've got to write a check to the government every year?" "A lot of people can't afford that. That's a big issue. We're going to be looking at ways to bring people relief from that."

JUST IN: Gov. Ron DeSantis on ending property taxes statewide "You buy a home, you buy land... and then, you've been taxed many times [on that]... is it your property, or not? Just for being on your property, you've got to write a check to the government every year?" "A lot of people can't afford that. That's a big issue. We're going to be looking at ways to bring people relief from that."

Florida’s Voice

9,726,100 просмотров • 1 год назад