Are property taxes illegal? You pay them every year, but does the government actually have a legal

right to tax property that you already own? As property taxes rise year after year, more

people are asking this very question. Today, we're digging into it. Does the government even

have the right to tax your property in the first place? What role do property taxes play in our economy?

Could there be relief for property owners in the future?

And how can you make wise investing decisions based on our research?

Hey everyone, welcome to On the Market. I'm Dave Meyer. Thank you all so much for being here.

You may remember this if you've been listening to the show for a while, but a few months back,

I did an episode about the state of Florida wanting to get rid of its property taxes.

This is something they've been talking about a lot. Governor

Ron DeSantis has been publicly discussing this, and it's something that they're still exploring.

And after we did that show, we got a lot of great feedback on the episode, but there was this

one line of feedback that I saw that I really wasn't expecting, honestly. There were many people that

reached out to me that said property taxes are illegal or should be considered theft. And that was

not a line of thinking I had really ever explored before, but it is one with massive implications

for the housing market and for our

economy, because property taxes are one of the fastest growing expenses for investors. It impacts

cash flow, and in many parts of the country, it's starting to impact the broader housing

market in terms of inventory and pricing. And on the other side, property taxes make up a lot of

local and state government revenue. So this question is super important. So I decided to take a look.

Having really no previous opinions about the topic, I did a lot of research to try and get to

the bottom of this question. And I have a lot to share with you and get to the bottom of this question.

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