Oddbean new post about login | logout If you could make a one time payment of 25x your last year’s property tax to forever exempt your home from property tax, would you do it?
#AskNostr
It depends.
What would it depend on in your decision making?
Yes when a can i?
Ha, I wish it was an option.
I'd consider it, but it isn't a slam dunk at my age.
I would guess it would be associated with the land itself so would be good for heirs or whoever you sell it to (ie increase the property value)
I would be tempted, but what would stop them from changing their mind or deciding they were going to put a highway in
Definitely not in cash before the bitcoin bull makes its run. Maybe, if I can take a 10+ year fiat denominated loan for it. Also, depends on the size of the property size. If it's worth too much, they will tax it harder than a small apartment, so there's more to gain (if you trust the other party on the deal)