Comment: Land?

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Land?

Land is the easiest thing to tax. If you don't pay, you can't hide it in your mattress or bury it so you can get it later. You are a sitting duck. Use South Holland IL, for example:
A 3000 sq ft commercial building is for sale right now at 17050 South Park Avenue SOUTH HOLLAND, IL 60473 for $179,000. The yearly property taxes alone are $26,905.97, or about $500 per week.
A few years ago I was looking in the Chicago area for a shop and noticed all these reasonably priced vacant properties in South Holland but I thought the taxes listed in the ads must be a mistake, so I called someone at City Hall. They were very defensive initially but after they calmed a bit, they explained that residential home owners vote, but business owners usually didn't live in the town, so they hammered the non-voting business owners to keep the voting residential property owner's taxes low.

My crystal ball says real estate taxes will go sky high everywhere in the near future, when the flow of Federal money to the cities, townships and counties dries up.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty" TJ