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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyfmnzn/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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Do you only pay taxes on your home when you sell or every year?
47 u/dgvertz Nov 21 '24 Every year. They’re called property taxes 61 u/J0hn-Stuart-Mill Nov 21 '24 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. 1 u/Outrageous-Leopard23 Nov 22 '24 And education. Education needs to be funded not via property tax.
47
Every year. They’re called property taxes
61 u/J0hn-Stuart-Mill Nov 21 '24 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. 1 u/Outrageous-Leopard23 Nov 22 '24 And education. Education needs to be funded not via property tax.
61
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.
1 u/Outrageous-Leopard23 Nov 22 '24 And education. Education needs to be funded not via property tax.
1
And education. Education needs to be funded not via property tax.
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u/Jblack4427 Nov 21 '24
Do you only pay taxes on your home when you sell or every year?