But you get to keep it in the end.
I would argue property Taxes are a subscription for a house. They never end, and if you dont pay the property is gone.
I posit that even at the end you dont own the house you own a financial instrument you are allowed to trade and the liability of ownership but you don't actually own the property. There's infinite regulations by the state on what few things your allowed to do with your financial instrument without permission and graft paid to dozens of mandated vulture services and at any moment for nearly any reason the state can reposes your financial instrument with no recourse.
In many states veterans pay no property tax. Also lots of people do pay off their mortgages but it takes planning, self control, and intelligence to do that. Some people simply save up and pay cash.
A few states offer Homesteading exemption, basically a decent property tax break for oldsters. It’s scaled to income. Prolly a Midwest thing.
A few states offer Homesteading exemption, basically a decent property tax break for oldsters. It’s scaled to income. Prolly a Midwest thing.
It's found in a lot of states but it is not always a big discount. Others offer a discount when you get really old. Still have to pay property taxes.
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