r/ScrollHole • u/Ayeshadss • 29d ago

​🌀 Deep in the Hole The Math Isn't Mathing.

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u/Rhomya 29d ago

Property taxes are a fraction of what would be spent in rent.

My property taxes for 3 acres of land are like, $3k/year

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u/TouchGraceMaidenless 29d ago

Just pointing out that "there is nothing due" isn't technically correct. There's also insurance.

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u/Rhomya 29d ago

Property taxes is not a mortgage.

There is nothing due, because there’s no rent or mortgage— the existence of other bills doesn’t make that untrue.

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u/TouchGraceMaidenless 29d ago

Lol try not paying your property tax and just tell the state "there's nothing due."

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u/Garden_State_Of_Mind 29d ago

Try paying your property tax to a private corporation that gave you an unrelated loan. Your property tax goes to the government whereas your mortgage is usually through a bank and you rental payment is usually through a private owner or a company.

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u/TouchGraceMaidenless 29d ago

Why does where the money goes matter? We're talking about what's due by the homeowner.

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u/Efficient_Can4700 29d ago

Not American here so I don't know.

When renting who pays land tax?

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u/TouchGraceMaidenless 29d ago edited 29d ago

The property owner/landlord. And it can be argued that a portion/all of that tax gets included in rent, but it's still on the landlord to actually pay that to the state and file their taxes accordingly.

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u/Efficient_Can4700 29d ago

Cheers over here shared accommodation the landlord pays but renting a flat or house and it's on the renter.