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Do all these closed businesses still have to pay property taxes?

By noobster follow noobster   2020 Dec 9, 9:49pm 599 views   17 comments   watch   nsfw   quote   share      


I'm going to venture a guess of "yes"
1   Misc   ignore (0)   2020 Dec 9, 11:54pm     ↓ dislike (0)   quote   flag        

The answer is: do you really think they are paying property taxes?
2   richwicks   ignore (3)   2020 Dec 10, 12:25am     ↓ dislike (0)   quote   flag        

Misc says
The answer is: do you really think they are paying property taxes?


I have a better question:

Why don't you know what the property tax of every property is, regardless of whether it is a business, commercial, or industrial. Why do you think this information is unobtainable? It's not to protect the privacy of the owner.

It's to protect the privacy of the owners who are not paying their taxes and have worked an under-the-table deal to pay greatly reduced taxes or no taxes at all.

Tell me, can you get the budget for your local school district? How is that money allocated, and spent? I'll bet you $10,000 you can't.
3   Misc   ignore (0)   2020 Dec 10, 1:21am     ↓ dislike (0)   quote   flag        

richwicks says
Misc says
The answer is: do you really think they are paying property taxes?


I have a better question:

Why don't you know what the property tax of every property is, regardless of whether it is a business, commercial, or industrial. Why do you think this information is unobtainable? It's not to protect the privacy of the owner.

It's to protect the privacy of the owners who are not paying their taxes and have worked an under-the-table deal to pay greatly reduced taxes or no taxes at all.

Tell me, can you get the budget for your local school district? How is that money allocated, and spent? I'll bet you $10,000 you can't.


Uhhhhh, in Arizona you can look up any property and see the property taxes for that year. It's transparent.

Here's a WEB link to the budget information for my local school district. One thing that government is famous for is providing lots of stats. It is not broken down to the level of individual employees, but you get a good look.

https://www.cusd80.com/page/372

No need to send any coin.
4   Blue   ignore (0)   2020 Dec 10, 9:38am     ↓ dislike (0)   quote   flag        

At least in California, all business are paying pandemic frozen taxes of almost 0% under 1978 Prop 13 every year. Pandemic didn't make any special thing for them when it comes to taxes.
5   clambo   ignore (5)   2020 Dec 10, 9:54am     ↓ dislike (0)   quote   flag        

I know a guy who owns a building in Hayward CA.
One tenant is a restaurant and they stopped paying rent.
He still owes property taxes. He is highly bummed out these days.
He also own rental property here and there, same deal.
I’m always telling guys “stocks for the long haul” but do they listen?
I’m up a lot of dough since August 1st, but what the fuck do I know?
Go to the Apple Store; I like the dividends boys.
6   rocketjoe79   ignore (1)   2020 Dec 10, 10:51am     ↓ dislike (0)   quote   flag        

If Property taxes aren't paid, the county takes ownership. Isn't this true nationwide? Local government ALWAYS ultimately owns all US property.

Globally, no property is ever "free and clear" since DWEMs (Dead White Euro Males) settled the rest of the known world. I don't even think remote islands are exempt from taxes - but could there be a few outliers?

There could be a "land rush" on Mars - but it will be short-lived until some sort of governing body is set up. When Elon Musk Lands Americans on Mars, will they plant an American Flag and claim Mars for America? That would be ehhhhhhxcellent....
7   FortWayneAsNancyPelosiHaircut   ignore (4)   2020 Dec 10, 11:06am     ↓ dislike (0)   quote   flag        

yes, every one of them is paying property taxes.

NNN leases are most common, and property taxes are pass through as a cost in those. Those are very high for quite a few businesses.
8   WookieMan   ignore (6)   2020 Dec 10, 11:14am     ↓ dislike (0)   quote   flag        

richwicks says
It's to protect the privacy of the owners who are not paying their taxes and have worked an under-the-table deal to pay greatly reduced taxes or no taxes at all.

Tell me, can you get the budget for your local school district? How is that money allocated, and spent? I'll bet you $10,000 you can't.

As Misc says, this is pretty easy stuff to get. I'm an elected official and you get get yourself in trouble not following the rules with regards to school districts. All budgets are posted and most meetings will discuss finances and have documents relating to the finances. I'm the treasurer on my board (not school board). FOIA is also a useful tool if you've got a governing body that is fucking around and hiding stuff. They HAVE to respond. Closed sessions (not in front of the public) are one potential hurdle though. That usually deals with salaries of individuals or something that could be of private nature, but will eventually have to be reported.

Property taxes are all public record that anyone can get too, usually through your county website. Just need an address or tax PIN number and you'll get everything you need. If it's in an LLC you usually should be able to search the SOS website and get the owner information. Usually it will list owner or at least attorney and/or accountant that handles the LLC. Trusts are more difficult to crack, but not impossible if the owner likes to hide their identity.

In my previous work it was very lucrative to be able to find people that tried to hide. So these topics are in my wheelhouse. I honestly wish some of this shit was taught in government and civics classes in high school. Not saying you don't know Rickwicks, but the vast majority of the public knows dick about any of this. There's trickery and ways to hide governmental stuff, but it's pretty dumb to try it on the local level with municipalities and schools. There's always an activist citizen that will catch you. Statewide and nationally is above my knowledge, though I could figure it out. Local is pretty easy though between governing bodies and property taxes.
9   latitude38   ignore (0)   2020 Dec 10, 1:22pm     ↓ dislike (0)   quote   flag        

Wookieman is correct all property taxes are public .Contain any office of the local tax assessor for any home or business -most RE apps give the property tax on a given year .PropertyShark let’s you compare property taxes as well as historical PT info.
In Ca. School budgets and spending must be published the law states it as well https://codes.findlaw.com/ca/education-code/edc-sect-42127.html
Are busisnesa paying taxes -The gubbernor has given an EO for dealing with taxes during the pandemic https://www.courthousenews.com/newsom-offers-tax-reprieve-for-small-business-as-virus-guts-california-economy/?amp=1
As well as to property owners who met be struggling during the virus https://www.insidesalt.com/2020/05/governor-newsom-signs-executive-order-providing-last-minute-property-tax-relief-covid19/
10   Blue   ignore (0)   2020 Dec 10, 2:29pm     ↓ dislike (0)   quote   flag        

"relief" - if anyone is hang on long enough, their taxes are already near 0% in CA under Prop 13. Now they may be receiving direct deposits from government!
11   SunnyvaleCA   ignore (1)   2020 Dec 10, 4:22pm     ↓ dislike (0)   quote   flag        

Zillow shows property taxes for homes (at least in most cases).
12   REpro   ignore (0)   2020 Dec 10, 7:35pm     ↓ dislike (0)   quote   flag        

Countries with no property tax:
Bahrain
Cayman Islands
Cook Islands
Dominica
Faroe Islands
Fiji
Israel
Kenya
Kuwait
Liechtenstein
Malta
Monaco
Mauritania
Namibia
Norfolk Island
Oman
Qatar
Saudi Arabia
Seychelles
Sri Lanka
Turks and Caicos Islands
United Arab Emirates
13   rocketjoe79   ignore (1)   2020 Dec 11, 10:32am     ↓ dislike (0)   quote   flag        

Many thanks for the List, sir! Can I live in any of these places? naaahhhh

REpro says
Countries with no property tax:
Bahrain -- too far, and opressively Muslim
Cayman Islands - too expensive??
Cook Islands -- too far
Dominica -- shithole
Faroe Islands -- too cold!
Fiji -- too far
Israel -- too far
Kenya -- too far
Kuwait -- too far, and opressively Muslim
Liechtenstein -- hmmm probably too Euro
Malta - hmmmm
Monaco -- Richy Rich
Mauritania -- shithole
Namibia -- too far, and a shithole
Norfolk Island -- waaaay too far, remote and less than 2000 population.
Oman-- too far, and opressively Muslim
Qatar-- too far, and opressively Muslim
Saudi Arabia-- too far, and opressively Muslim
Seychelles-- too far, shithole economy
Sri Lanka-- too far, and opressively Muslim
Turks and Caicos Islands - interesting, but get's pounded every year by hurricanes.
United Arab Emirates-- too far, and opressively Muslim
14   B.A.C.A.H.   ignore (1)   2020 Dec 11, 10:55am     ↓ dislike (0)   quote   flag        

REpro, your list cracks me up.

It's a snapshot in time from some website you looked up.

Besides the fact that some countries forbid non-citizens from holding title to land, there's the reality that a country that's property-tax free today, won't be in the future.

For example, your list omitted the US, which also doesn't have a property tax: it's state / local governments.
15   Blue   ignore (0)   2020 Dec 11, 11:41am     ↓ dislike (0)   quote   flag        

SunnyvaleCA says
Zillow shows property taxes for homes (at least in most cases).


CA tax viewer:
https://www.officialdata.org/ca-property-tax/
16   WookieMan   ignore (6)   2020 Dec 11, 12:19pm     ↓ dislike (0)   quote   flag        

rocketjoe79 says
Turks and Caicos Islands - interesting, but get's pounded every year by hurricanes.

T&C is probably the most expensive in the Caribbean. Even more so than Cayman if you're talking cost of living. Haven't been, but I think they tax the shit out of other things and/or limited development. You could live on N. Caicos for relatively cheap, but there are no bridges, so it's a ferry to get there and don't believe it's a vehicle ferry. Not awful to deal with, but certainly not ideal. Grace Bay area is almost impossible to get a good place on the water for $600-1,000/nt. That's not all inclusive either.

And yes, they're in the crosshairs of a relatively major hurricane (cat 3+) pretty much at least once a year and usually multiple tropical storms/depressions July to November. Although they seem to weather them better than The Bahamas for some reason. Maybe better construction requirements? Non-tourist areas in The Bahamas are trashed from recent hurricanes from what I've heard from people I know that have been down. Hell St. Thomas and St. John are still pretty beat up from Maria and that other one a couple years back.

Epstein's place looked pretty interacted though. So there's that. Amazing for a dead guy.
17   Fortwaynemobile   ignore (3)   2020 Dec 11, 1:28pm     ↓ dislike (0)   quote   flag        

Blue says
SunnyvaleCA says
Zillow shows property taxes for homes (at least in most cases).


CA tax viewer:
https://www.officialdata.org/ca-property-tax/


It’s on every county assessors website with no ads

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