1,358 karma · joined March 6, 2020
It's not though, it's levied on the assessed value of the house regardless of the stored value. A fully paid off house and a mortgage a month old at 90% LTV have the same property taxes if they are assessed at the same price. It would have been disingenuous to tell everyone who was underwater on their mortgages after the housing collapse in 2008 that they had so much wealth in the their houses based on the fact that they still had to pay property taxes.
[0] https://news.ycombinator.com/item?id=30507103
[1] https://en.wikipedia.org/wiki/Namecheap#Termination_of_servi...
As humans, we have the capacity to hold multiple concepts like honor and contextual awareness at the same time when adjudicating a crime. Someone who stole to feed their family when they were in a dire situation should not be given the same sentence as someone who stole for personal gain. Our ability to acknowledge complex situations and deal with them also separates us from animals.
- AI Richard Nixon
[0] https://en.wikipedia.org/wiki/List_of_predictions_for_autono...