Wouldn’t leasing or renting be more accurate depending on what’s involved and the circumstances?

  • phubarr@lemmy.world
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    3 months ago

    What are you talking about? “Taxes don’t have anything to do with ownership”

    Your county sends the person on the deed to the house a tax bill every year. For me, it works out to over $300 per month for a very modest house. If you have a mortgage, it’s bundled into the mortgage payments.

      • phubarr@lemmy.world
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        3 months ago

        Functionally, there’s no difference. The amount they demand is based off your house’s value, and they take it away from you if you don’t pay. The label is just a detail. And it’s not a trivial cost, I inherited a small, aged, worn out house and I pay over $300/mo just to exist in it. The tax office wildly overestimated it’s value and there’s nothing I can do about it.