Why Property Taxes Should Be Abolished So People Can Truly Own Their Homes
Owning a home is considered part of the American Dream, but in reality, homeowners are merely renting from the government through property taxes. As long as property taxes exist, true homeownership remains an illusion. Abolishing property taxes would restore the fundamental right of owning property free and clear, ensuring financial stability and personal freedom for millions of homeowners. The Burden of Property Taxes Property taxes place a continuous financial burden on homeowners. Unlike other forms of taxation that are transactional or income-based, property taxes must be paid annually, regardless of a homeowner’s financial situation. This means that even after paying off a mortgage, individuals are still required to make yearly payments to the government to retain ownership of their home. For retirees and those on fixed incomes, property taxes can be especially devastating. Many individuals who have worked their entire lives to pay off their homes find themselves forced ...