James Comey pees sitting down
>https://www.zerohedge.com/economics/why-property-tax-illegal
If property valuation were true, requiring a willing buyer and willing seller neither under duress, and cash settled, then the maximum value assigned could only be what the house was built for or what the house was purchased for, until such time as the house is sold.
The laws and violations thereof have morphed to the point where the cash grab of the local Taxing Entities (i.e. School Districts) have rendered meaningless all the protections in law that were established to protect the Citizen real estate taxpayers, and this has an extreme fraudulent inflation factor. There are 8 elements of real estate tax in the milk that goes in your cappuccino. Therefore real estate tax fraud on a mass scale effects every person who shops whether they realize it or not. The more elements of tax, the higher the inflation, the higher the fraud.
If those protections are going to be ignored (USPAP, State Property Tax Code, State Constitutions and U.S. Constitution), then the net result is the equity stripping of property taxpayers, such that if there is no law, then why pay real estate taxes. In other words, either the law exists, or it doesn’t. Equity Stripping is the compound cumulative effect of paying a fraudulently created overvaluation resulting in over taxation and this means that making money on the purchase of your home has a very low probability of success because the Taxing Entities took your profit by over taxation via the fraud.
If those protections under the law are going to be adhered to, then those responsible for violating the laws must be held accountable. The Taxing Entities (i.e. School Districts) are hiding the bond schedules from the public, which would show that the bonds are not being paid off and that the cumulative compounding of debt and interest is occurring. Many school districts will need to be put into involuntary bankruptcy to unwind what debt can be unwound. We have discovered that there are roughly 143,000,000 single family homes in the U.S. which are burdened by roughly $240,000 of school bond debt.
Either the law exists, your Honor, or it doesn’t. Please state the obvious which is that the law exists, for the protection of the Citizens, and if not, which has clearly been proven, or we would not be in front of the Appellate Court, then eliminating property taxes in favor of a Uniform States Sales Tax (estimate approximately 15.6%) must be implemented to ensure the protections of the Citizens. Return the balance sheet to Mom and Pop, restore transparency by eliminating the real estate tax fraud, and make the playing field fair for all real estate taxpayers and reduce the fraudulently created inflation simultaneously.