Last updated February 6th, 2024.
You could make an argument that property owners don’t actually own their house or the land it sits on.
After all, what happens if you stop paying property tax to the government? They’ll come seize your home and put you in jail.
Real estate taxes are essentially a form of mandatory rent, forced on homeowners. While taxes might cost less than paying 12 months of rent, both are a bill that you must pay in order to continue having a shelter.
Paying mandatory fees every year is very much the same of having a lease. The only significant difference is the…
