Check out the taxes on this baby!

[MJ DeMarco]

407 E. Wildwood Drive, San Antonio, Texas 78212

 

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[Russ H]

Hmm . . . $100K+ a year in prop taxes, and the IRS has siezed the house for non payment of Federal Taxes?

Do I detect a common problem here?

Our prop taxes are going to be ~$50,000 this year.

And we'll pay another $108,000 or so in hotel taxes.

-Russ H.

 

[hatterasguy]

For a house of that size $100k a year in property taxes are pretty reasonable. I know someone who is paying $160k a year on their house in Greenwich.

Its crimminal if you ask me, all these towns are real SOB's about taxes.

 

[Bobo]

Forget where I heard it the other day but it was an interesting point. Someone was pushing to make property taxes into a SALES tax. Until that happens, they argued, home ownership is really a myth. You don't own it, the taxing authority rents it to you and when you don't pay the rent they boot your a$$ out.

Where it really sucks is when you have huge pieces of property that have been in a family for a century and the municipality decides to tax the owner into selling/subdividing because there is no way in hell they can pay taxes on land that went from $1000/acre in value to $100K per acre as the nearby metroplex grew. That's crap.

As far as the 'well, they aren't making the best use of the land' argument my answer is "Bullshit, it's their land, go find and buy your own damned land and leave them alone"

In other news, my home study course on tact and subtlety is really going well

 

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[hatterasguy]

I had a meeting with a big investor this week and we got on this topic. OMFG I won't repeat the stories online but local governments play some really dirty games. The judge's are in on it to.issed:

The only way you can stick it to them is if you own enough property that if you stop paying taxes their budget gets hurt. If that happens you can stop paying on everything you own, and take them to court. But thats expensive.

On mayor stole a $3 million dollar bond from these guys, and got away with it. He is now in protective custody for something else, but they still saw $3 mil evaporate.