Quote:
Originally Posted by JMintzer
Yes... Taxed ONCE! Not yearly, in perpetuity...
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So here's how taxes work, since it isn't clear to you:
Property taxes are what you pay, to cover the expense of owning property in the town you're in. That means it covers the cost of paving the road that leads to your driveway. It covers the cost of the cop who shows up to arrest them thar illeguls who you mistakenly contracted to replace your roof. It covers the cost of the replacement of curbs. It covers the cost of the people who determine the laws and regulations, implement them, and oversee the general running of the community you live in. It covers the cost of the secretary who types up all this stuff and takes your phone call when you complain about a pothole at the corner of your road and the intersection. It covers the cost of the street lights and stop signs and road signs, the schools, the sidewalks on public property. It covers the cost of asphalt and bituminous concrete when needed to patch those sidewalks and roads. It covers the cost of the city engineer who has to sign off on all new construction or expansions of existing property. It covers the cost of the inland-wetland commission, who makes sure that someone isn't building a property in such a way that it'll dam the free flow of water and cause half the neighborhood to float away during the next big rainstorm.
That's why you pay property tax every year, and not just a sales tax once when you buy the house. These things happen every year. And so you pay every year.