EP307: Are Property Taxes a Scam?

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What if we told you that even after you pay off your mortgage—after 30 years of discipline, sacrifice, and hard work—you still don’t actually own your home?

Sounds crazy, right? 😬😬

But it’s true.

Because of property taxes, you’ll be paying rent to the government… forever.

Let that sink in for a second.

How We Discovered the Property Tax Trap

We’ve spent the last six years obsessing over the tax game—because I once wondered the same thing you probably do:

“How do some people pay so little in taxes while others get crushed?”

Now?

We’ve helped investors legally save over $93 million in taxes through our investments.

But no matter how much we optimize taxes for our investors, there’s one tax we haven’t been able to escape.

Property tax.

And today, we’re exposing why the property tax system is one of the biggest scams in American history—backed by shocking real-life stories and proof that will make you rethink everything.

Why You’re Actually “Renting” Your Own Home

Let’s start with the biggest lie you’ve been told about homeownership.

Most people believe that if they work hard, pay off their mortgage, and own their home free and clear, they’ll be set for life.

But here’s what really happens:

🏡 You finally pay off your mortgage—hooray!

💰 You think you own your home outright.

🚨 But every year, you still have to pay the government just to keep it.

It’s like you’re renting your own house… forever.

Don’t believe us?

Let us tell you about an 83-year-old retired engineer in Michigan who underpaid his property taxes by just $8.41.

Guess what happened next?

💥 The government seized his fully paid-off home.

💥 They auctioned it off to settle the debt.

💥 They pocketed $24,500 in excess revenue from the sale.

This man lost everything—his home, his memories, his security—because he couldn’t keep paying rent to the government.

Still think you really own your home? 👀

How the Government Manipulates Your Property Taxes

If that wasn’t bad enough, let’s talk about how the entire system is rigged against you.

A recent University of Chicago study found that lower-income homeowners are systematically over-assessed on their property values compared to wealthy property owners.

❌ In some areas, the poorest homeowners pay 50% higher tax rates than their wealthy neighbors.

📌 One homeowner’s story:

“My house in North Carolina was assessed at $80,000. When I challenged it, the assessor insisted that was fair. But when I finally sold it? The best offer was $50,000.”

They literally gaslighted him to his face.

And here’s the part that should make your blood boil:

💰 Local governments don’t base your property taxes on actual need.
💰 Instead, they set their spending budgets FIRST… then adjust your tax rates to meet their revenue targets.

So when they say “Taxes are going up because of inflation!”—they’re lying.

The truth?

They manipulate the numbers to take more of your money.

Why They Don’t Want You to Know Where Your Tax Dollars Go

Ever wonder where your property taxes actually go?

Good luck finding out.

Most homeowners never get a clear breakdown of how their tax dollars are spent.

They tell you it funds schools and roads—but in reality?

❌ Up to 40% goes to administrative costs and government overhead.

That means you’re not paying for better schools or better services—you’re funding bureaucracy and inefficiency.

And now, an entire industry has popped up to exploit homeowners even more.

Ever get a scary-looking letter from a company offering to “reduce your property taxes” for a fee?

It’s a scam.

They charge you $1,000-$2,000 to file the same appeal you could file for free.

💰 One company in California was caught sending fake government notices to trick homeowners into paying them.

Disgusting, right?

The Property Tax Time Bomb That’s About to Explode

If you think this is bad now, wait until you see what’s coming next.

According to the National Association of Realtors:

📈 Property taxes have increased by 4% annually for the past decade—double the rate of inflation.
📉 Meanwhile, wages have only grown by 2.3% per year.

That means your taxes are rising faster than your income.

This is what’s known as the Affordability Time Bomb.

💥 In New Jersey, the median property tax bill is now $9,300 per year—that’s $775 per month!

And homeowners are already hitting their breaking point.

📦 U-Haul’s 2023 Migration Report shows a mass exodus from high-tax states.

🚛 Texas and Florida gained hundreds of thousands of residents.
🚛 New York and California lost similar numbers.
🚛 67% of movers cited property taxes as a primary reason for relocating.

How to Protect Yourself From This Rigged System

If you’re counting on your home to fund your retirement—think again.

Because the property tax burden? It never goes away.

So what’s the solution?

💡 Smart investors don’t just hold onto assets—they grow them.

That’s why we invest in cash-flowing real estate instead of relying on home equity alone.

If you want to be part of our next investment opportunity, go to A1000XBetterInvestments.com.

🚨 We have a massive waitlist—so get on it now. 🚨

How to Fight Back Against This Broken System

But if you want to challenge the system directly, here’s how to fight back against unfair property taxes.

Step 1: Challenge Your Assessment

Request your Property Card from your county—it contains all the data used to value your home.

Step 2: Find the Errors

Check for mistakes in:
🔹 Square footage
🔹 Bedrooms/bathrooms
🔹 Property condition

Step 3: Gather Comparable Sales

Look up similar homes that sold for less than your assessment.

📌 Focus on:
✔️ Sales within the last 6 months
✔️ Same neighborhood
✔️ Same condition

Step 4: File Your Appeal

Most counties give you 30-60 days to challenge your assessment. Don’t miss this deadline.

Step 5: Support Smart Tax Reforms

Advocate for:
✅ Assessment Caps – Limits how much your property taxes can increase annually.
✅ Circuit Breaker Programs – Ties property taxes to income, protecting retirees.
✅ Transparency Laws – Forces governments to disclose exactly how your taxes are spent.

Wealth Isn’t a Luxury—It’s a Necessity

Being wealthy isn’t just about having money—it’s about protecting your money.

Because your spouse has necessities.
Your kids have necessities.
Your health has necessities.
Your future has necessities.

If you want to get off this broken system and start building real wealth, join our free community: Wealth Beyond Me.

Because real wealth isn’t just about making money—it’s about keeping it, multiplying it, and passing it on.

If you got value from this, let me know in the comments—and we’ll see you in the next one.

Until then, ciao for now. 🚀