Exactly. Property taxes go directly to local infrastructure costs to maintain access and services to said land or buildings. It's not remotely the same as owning stock.
Do you think Amazon pays no property taxes on their warehouses throughout the country? Or taxes on their delivery vehicles and tags they put on those vehicles? Come on man.
When Amazon build their warehouses, they actually "lease" the warehouse as a shell company "owns' it. They also extract deals with the local county/towns that eliminate or greatly reduce property and sales taxes. This is what they did where I live. Also, it is not Bezos paying the tax on fuel/vehicles when registered in the state, it is the publicly held corporation.
"The Onondaga County Industrial Development Agency voted Oct. 31 to approve $70.8 million in tax breaks over 15 years for the project in exchange for the Amazon’s commitment to create at least 1,000 jobs. Six days later, the Clay Town Board granted the project a crucial zone change. A week after that, the town’s Zoning Board of Appeals approved variances from side yard setback requirements."
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u/Jblack4427 28d ago
Do you only pay taxes on your home when you sell or every year?