3 ms·

IIRC there's also no such thing as property ownership in the US sense - it's just a 70 year lease, which can be renewed.

• naveen99 8y ago
  in 70 years, i will have paid for my property 3 times over in texas property taxes. So the US sense is more like a 20-40 year lease depending on the tax rate.
  • ericd 8y ago
    Fair point. I guess Nevada is the only place I've heard of where you can buy out of property taxes for a one-time fee.
    • naveen99 8y ago
      I'm having a hard time finding details on nevada. is it in here ? not finding it with a few quick keywords or under exemptions. https://nevadataxpayers.org/wp-content/uploads/2016/10/property-tax-2015.pdf https://nevadataxpayers.org/wp-content/uploads/2016/10/prope...
      • ericd 8y ago
        Not sure, maybe it's not active anymore. https://en.wikipedia.org/wiki/Allodial_title#Nevada https://en.wikipedia.org/wiki/Allodial_title#Nevada
        • naveen99 8y ago
          Thanks. Wikipedia says Nevada stopped granting it in 2005. It was only given between 1998 and 2005 for primary residences.