Market Watch

[ultrarunner]

And how much is your Federal property tax?

I don't pay any Federal property tax.

Are you in a religious or non profit organization or working off shore without Federal tax due?

 

[newbury]

A lot so that it has me scrambling and California really hit hard this year.

So you have to pay a separate property tax to the Feds? Us Government?
All my property taxes go to state and local government.
/edit -
And I hope the Feds don't institute a Federal property tax.

 

[ultrarunner]

So you have to pay a separate property tax to the Feds? Us Government?
All my property taxes go to state and local government.

Sorry... I have never paid Federal Property Tax... in fact a US Post Office I own a tiny part had Post Office reimbursing property tax in the NNN lease term...

Property Tax on my home bill has 28 special assessments after State and County... some are regional, some city for midnight basketball... even one for the Raiders Coliseum expansion and I am blessed with both city and county portions even though the Raiders are long gone and the plan is to demo the whole thing if the A's leave...

 

[Gator6x4]

A lot so that it has me scrambling and California really hit hard this year.

I invested in a commercial property as a very junior partner.. like 2% of the shopping center with Home Depot and Lowes and Safeway, etc... plus a Holiday Inn Express... it was just farm land.

The largest investor passed away and another almost as large is in ill health and the vote was to go to cash.

OK... big taxable gain but my funds were reinvested so I got the tax bill but zero cash... if that makes sense.

Yep…..Sounds like me during the time Carter was President and CD’s were paying 18-19 percent.I had the interest rolled into the CD.

Tax time arrived and as you say, I got zero cash, but the tax bill.

 

[Cahaba Valley Farm]

Moms neighbor at 93 was beside herself saying her deceased husband left clear instructions to only spend interest but there was no interest to spend…

One of the many reasons you have to diversify your investments if you can.

Many did and more than a few had new hardship as interest rates fell into the basement and stayed there.

It was a reality that my father struggled to live through for a while. Boy those were some hard learning years for the both of us.

 

[Cahaba Valley Farm]

When people think it's all free and no one has to pay, that's when you're really in for it.

That's what I have been saying about free financing. It's not free.

 

[MoKelly]

That's what I have been saying about free financing. It's not free.

Someone famous (Milton Friedman?) once said “there’s no such thing as a free lunch”.

It is true.

 

[D&D]

Property Tax on my home bill has 28 special assessments after State and County... some are regional, some city for midnight basketball... even one for the Raiders Coliseum expansion and I am blessed with both city and county portions even though the Raiders are long gone and the plan is to demo the whole thing if the A's leave...

Stadiums/coliseums, another “subsidy” I forgot about. Why the Voters get to find those things
I don’t think having 28 special assessments on my tax bill would be pleasant. Without any, my assessments have risen to the point of hurting when the bills come.

 

[D&D]

Yep…..Sounds like me during the time Carter was President .

Something sounds very familiar about comparing that to today.

“History repeats itself endlessly for those who are unwilling to learn from the past” (Brown)

​

 

[Hay Dude]

Something sounds very familiar about comparing that to today.

“History repeats itself endlessly for those who are unwilling to learn from the past” (Brown)

​

And yet people just keep on pulling the Same lever in the voting booth.
When you keep selling yourself as someone who gives away money, when in reality you are someone who actually takes money, but you can still get people to vote for you because you are attractive, have great hair or went to Harvard……man that’s just genius.