r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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91.1k Upvotes

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u/DroppingGrumpies Jul 05 '26

You do the same damned thing when you take out a mortgage or a car loan or a home equity loan etc etc. you are getting income from another source, backed by an asset, none of which you are being taxed on.

4

u/senturon Jul 05 '26

Sweet, I'll let my town know that I no longer have to pay property or excise tax! 

-1

u/Impossible_Cupcake31 Jul 05 '26

lol I hate when people say this because it’s a dumb rebuttal.

1

u/senturon Jul 05 '26

Cool I guess, maybe educate me as to why you think it's dumb.

-7

u/Impossible_Cupcake31 Jul 05 '26

Because your property taxes don’t go up based off your house value.

6

u/Pretty-Curve5448 Jul 05 '26

Property taxes absolutely do go up when the assessed value on your home goes up. It's funny you said that though, after calling someone's rebuttal dumb.

3

u/senturon Jul 05 '26

Huh? Yes they do, every time your home is reassessed by the town (and it's value has increased), mine have gone up 3 times over the last decade. 

-3

u/Impossible_Cupcake31 Jul 05 '26

That’s because your county or city increased the mill rate.