Property taxes reveal the truth about ownership in America.
You never actually own your house. You rent it from the government. Stop paying property taxes and the government takes it — regardless of whether you have a mortgage, regardless of how long you have lived there, regardless of whether the house has been in your family for generations.
This means you are a tenant. The government is your landlord. Property tax is rent. The deed is a long-term lease.
The median American property tax bill is roughly $3,000/year. Over a 30-year 'ownership' period, that is $90,000 in rent paid to the government — on top of the purchase price, mortgage interest, maintenance, and insurance.
In a sound money system, the purchasing power of your savings would increase over time, making these costs more bearable. In a debased money system, property taxes increase annually (because property values are assessed in inflating dollars), while your wages fail to keep pace.
The property tax question is really a monetary policy question wearing a local government mask.
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