Reminder to Pay Your Taxes

[Rayzur]

With Thanksgiving so "late" this year, it throws things off a bit.... so just a friendly reminder, don't forget to pay your property taxes by the end of the month (or in our case by 2 Dec) to avoid those late fees..

 

Seems every couple of years I forget one of the two, and its always in Nov.... And it seems most counties across the US have a November due date for property taxes.

 

Does anyone know why they pick the craziest time of year, midst holiday frenzy spending, to nick folks for multi thousands.. and expect them to remember.... and get all Grinch on ya just before Christmas??? For the record, ho ho ho to ya all tax man....

 

Okay, I'm over it....

 

Don't forget.... and Happy Thanksgiving...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[PartyTime]

The State and County is violating federal law assessing property tax.

 

The tax is based on a computation of an obligation of the United States which no State or Municipality of any State is allowed to do under federal law 31 U.S.C. 3124

 

-CITE-

    31 USC Sec. 3124                                            01/03/2012 (112-90)

 

-EXPCITE-

    TITLE 31 - MONEY AND FINANCE

    SUBTITLE III - FINANCIAL MANAGEMENT

    CHAPTER 31 - PUBLIC DEBT

    SUBCHAPTER II - ADMINISTRATIVE

 

-HEAD-

    Sec. 3124. Exemption from taxation

 

-STATUTE-

      (a) Stocks and obligations of the United States Government are

    exempt from taxation by a State or political subdivision of a

    State. The exemption applies to each form of taxation that would

    require the obligation, the interest on the obligation, or both, to

    be considered in computing a tax, except -

        (1) a nondiscriminatory franchise tax or another nonproperty

      tax instead of a franchise tax, imposed on a corporation; and

        (2) an estate or inheritance tax.

 

      ( The tax status of interest on obligations and dividends,

    earnings, or other income from evidences of ownership issued by the

    Government or an agency and the tax treatment of gain and loss from

    the disposition of those obligations and evidences of ownership is

    decided under the Internal Revenue Code of 1986 (26 U.S.C. 1 et

    seq.). An obligation that the Federal Housing Administration had

    agreed, under a contract made before March 1, 1941, to issue at a

    future date, has the tax exemption privileges provided by the

    authorizing law at the time of the contract. This subsection does

    not apply to obligations and evidences of ownership issued by the

    District of Columbia, a territory or possession of the United

    States, or a department, agency, instrumentality, or political

    subdivision of the District, territory, or possession.

 

-SOURCE-

    (Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 945; Pub. L. 99-514, Sec.

    2, Oct. 22, 1986, 100 Stat. 2095.)

 

-MISC1-

 

 

 

                       HISTORICAL AND REVISION NOTES                  

    --------------------------------------------------------------------

     Revised      Source (U.S. Code)        Source (Statutes at Large) 

     Section                                                            

    --------------------------------------------------------------------

    3124(a)      31:742.                 R.S. Sec. 3701; Sept. 22,     

                                          1959, Pub. L. 86-346, Sec.   

                                          105(a), 73 Stat. 622.        

    3124(      31:742a.                Feb. 19, 1941, ch. 7, Sec. 4, 

                                          55 Stat. 9; Mar. 28, 1942, ch.

                                          205, Sec. 6, 56 Stat. 190;   

                                          restated June 25, 1947, ch.  

                                          147, 61 Stat. 180; Sept. 22, 

                                          1959, Pub. L. 86-346, Sec.   

                                          202, 73 Stat. 624.           

    --------------------------------------------------------------------

 

      In subsection (a), before clause (1), the words "Except as

    otherwise provided by law, all . . . bonds, Treasury notes, and

    other" are omitted as surplus. The words "political subdivision of

    a State" are substituted for "municipal or local authority" for

    clarity and consistency. The word "applies" is substituted for

    "extends" for clarity. The words "directly or indirectly" are

    omitted as surplus. In clause (1), the word "instead" is

    substituted for "in lieu" for clarity.

      In subsection (, the words "shares, certificates, stock, or

    other" and "sale or other" are omitted as surplus. The words "The

    tax status of . . . and the tax treatment of . . . is decided under

    the Internal Revenue Code of 1954 (26 U.S.C. 1 et seq.)" are

    substituted for "shall not have any exemption, as such . . . shall

    not have any special treatment, as such, except as provided under

    the Internal Revenue Code of 1954" for clarity. The words "on or

    after March 28, 1942" and 31:742a(a)(1st sentence words after

    semicolon related to the United States Maritime Commission) are

    omitted as executed. The last sentence is substituted for

    31:742a(a)(last sentence) for clarity. The words "any political

    subdivision thereof" are omitted as included in "agency or

    instrumentality". The text of 31:742a( and © is omitted as

    unnecessary.

 

                                AMENDMENTS                           

      1986 - Subsec. (. Pub. L. 99-514 substituted "Internal Revenue

    Code of 1986" for "Internal Revenue Code of 1954".

 

-End-

[PD41]

Property taxes late after Dec 10 in Calif.

[SnowGlobe7]

we can do half in Dec and half in January in Okahoma

[Nadita]

We pay half by May 15th and another half by October 15th.

[nstoolman1]

The State and County is violating federal law assessing property tax.

 

The tax is based on a computation of an obligation of the United States which no State or Municipality of any State is allowed to do under federal law 31 U.S.C. 3124

 

-CITE-

    31 USC Sec. 3124                                            01/03/2012 (112-90)

 

-EXPCITE-

    TITLE 31 - MONEY AND FINANCE

    SUBTITLE III - FINANCIAL MANAGEMENT

    CHAPTER 31 - PUBLIC DEBT

    SUBCHAPTER II - ADMINISTRATIVE

 

-HEAD-

    Sec. 3124. Exemption from taxation

 

-STATUTE-

      (a) Stocks and obligations of the United States Government are

    exempt from taxation by a State or political subdivision of a

    State. The exemption applies to each form of taxation that would

    require the obligation, the interest on the obligation, or both, to

    be considered in computing a tax, except -

        (1) a nondiscriminatory franchise tax or another nonproperty

      tax instead of a franchise tax, imposed on a corporation; and

        (2) an estate or inheritance tax.

 

      ( The tax status of interest on obligations and dividends,

    earnings, or other income from evidences of ownership issued by the

    Government or an agency and the tax treatment of gain and loss from

    the disposition of those obligations and evidences of ownership is

    decided under the Internal Revenue Code of 1986 (26 U.S.C. 1 et

    seq.). An obligation that the Federal Housing Administration had

    agreed, under a contract made before March 1, 1941, to issue at a

    future date, has the tax exemption privileges provided by the

    authorizing law at the time of the contract. This subsection does

    not apply to obligations and evidences of ownership issued by the

    District of Columbia, a territory or possession of the United

    States, or a department, agency, instrumentality, or political

    subdivision of the District, territory, or possession.

 

-SOURCE-

    (Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 945; Pub. L. 99-514, Sec.

    2, Oct. 22, 1986, 100 Stat. 2095.)

 

-MISC1-

 

 

 

                       HISTORICAL AND REVISION NOTES                  

    --------------------------------------------------------------------

     Revised      Source (U.S. Code)        Source (Statutes at Large) 

     Section                                                            

    --------------------------------------------------------------------

    3124(a)      31:742.                 R.S. Sec. 3701; Sept. 22,     

                                          1959, Pub. L. 86-346, Sec.   

                                          105(a), 73 Stat. 622.        

    3124(       31:742a.                Feb. 19, 1941, ch. 7, Sec. 4, 

                                          55 Stat. 9; Mar. 28, 1942, ch.

                                          205, Sec. 6, 56 Stat. 190;   

                                          restated June 25, 1947, ch.  

                                          147, 61 Stat. 180; Sept. 22, 

                                          1959, Pub. L. 86-346, Sec.   

                                          202, 73 Stat. 624.           

    --------------------------------------------------------------------

 

      In subsection (a), before clause (1), the words "Except as

    otherwise provided by law, all . . . bonds, Treasury notes, and

    other" are omitted as surplus. The words "political subdivision of

    a State" are substituted for "municipal or local authority" for

    clarity and consistency. The word "applies" is substituted for

    "extends" for clarity. The words "directly or indirectly" are

    omitted as surplus. In clause (1), the word "instead" is

    substituted for "in lieu" for clarity.

      In subsection ( , the words "shares, certificates, stock, or

    other" and "sale or other" are omitted as surplus. The words "The

    tax status of . . . and the tax treatment of . . . is decided under

    the Internal Revenue Code of 1954 (26 U.S.C. 1 et seq.)" are

    substituted for "shall not have any exemption, as such . . . shall

    not have any special treatment, as such, except as provided under

    the Internal Revenue Code of 1954" for clarity. The words "on or

    after March 28, 1942" and 31:742a(a)(1st sentence words after

    semicolon related to the United States Maritime Commission) are

    omitted as executed. The last sentence is substituted for

    31:742a(a)(last sentence) for clarity. The words "any political

    subdivision thereof" are omitted as included in "agency or

    instrumentality". The text of 31:742a( and © is omitted as

    unnecessary.

 

                                AMENDMENTS                           

      1986 - Subsec. ( . Pub. L. 99-514 substituted "Internal Revenue

    Code of 1986" for "Internal Revenue Code of 1954".

 

-End-

 

So out of curiosity, can I bring this with me to the IRS office or court and read this to them and be exempt from owing the tax? I am being serious with the question.

[PartyTime]

So out of curiosity, can I bring this with me to the IRS office or court and read this to them and be exempt from owing the tax? I am being serious with the question.

 

 

What does IRS have to do with property tax?

 

This law applies to STATES and MUNICIPALITIES of a STATE! It applies to using a OBLIGATION of the United States to compute the tax. Federal Reserve Notes are Obligations of the United States. 12 USC 411 and  18 USC § 8 - Obligation or other security of the United States defined

[nstoolman1]

My bad about the IRS. I saw the word TAX and thought income.

[dog53]

The State and County is violating federal law assessing property tax.

 

The tax is based on a computation of an obligation of the United States which no State or Municipality of any State is allowed to do under federal law 31 U.S.C. 3124

 

-CITE-

    31 USC Sec. 3124                                            01/03/2012 (112-90)

 

-EXPCITE-

    TITLE 31 - MONEY AND FINANCE

    SUBTITLE III - FINANCIAL MANAGEMENT

    CHAPTER 31 - PUBLIC DEBT

    SUBCHAPTER II - ADMINISTRATIVE

 

-HEAD-

    Sec. 3124. Exemption from taxation

 

-STATUTE-

      (a) Stocks and obligations of the United States Government are

    exempt from taxation by a State or political subdivision of a

    State. The exemption applies to each form of taxation that would

    require the obligation, the interest on the obligation, or both, to

    be considered in computing a tax, except -

        (1) a nondiscriminatory franchise tax or another nonproperty

      tax instead of a franchise tax, imposed on a corporation; and

        (2) an estate or inheritance tax.

 

      ( The tax status of interest on obligations and dividends,

    earnings, or other income from evidences of ownership issued by the

    Government or an agency and the tax treatment of gain and loss from

    the disposition of those obligations and evidences of ownership is

    decided under the Internal Revenue Code of 1986 (26 U.S.C. 1 et

    seq.). An obligation that the Federal Housing Administration had

    agreed, under a contract made before March 1, 1941, to issue at a

    future date, has the tax exemption privileges provided by the

    authorizing law at the time of the contract. This subsection does

    not apply to obligations and evidences of ownership issued by the

    District of Columbia, a territory or possession of the United

    States, or a department, agency, instrumentality, or political

    subdivision of the District, territory, or possession.

 

-SOURCE-

    (Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 945; Pub. L. 99-514, Sec.

    2, Oct. 22, 1986, 100 Stat. 2095.)

 

-MISC1-

 

 

 

                       HISTORICAL AND REVISION NOTES                  

    --------------------------------------------------------------------

     Revised      Source (U.S. Code)        Source (Statutes at Large) 

     Section                                                            

    --------------------------------------------------------------------

    3124(a)      31:742.                 R.S. Sec. 3701; Sept. 22,     

                                          1959, Pub. L. 86-346, Sec.   

                                          105(a), 73 Stat. 622.        

    3124(       31:742a.                Feb. 19, 1941, ch. 7, Sec. 4, 

                                          55 Stat. 9; Mar. 28, 1942, ch.

                                          205, Sec. 6, 56 Stat. 190;   

                                          restated June 25, 1947, ch.  

                                          147, 61 Stat. 180; Sept. 22, 

                                          1959, Pub. L. 86-346, Sec.   

                                          202, 73 Stat. 624.           

    --------------------------------------------------------------------

 

      In subsection (a), before clause (1), the words "Except as

    otherwise provided by law, all . . . bonds, Treasury notes, and

    other" are omitted as surplus. The words "political subdivision of

    a State" are substituted for "municipal or local authority" for

    clarity and consistency. The word "applies" is substituted for

    "extends" for clarity. The words "directly or indirectly" are

    omitted as surplus. In clause (1), the word "instead" is

    substituted for "in lieu" for clarity.

      In subsection ( , the words "shares, certificates, stock, or

    other" and "sale or other" are omitted as surplus. The words "The

    tax status of . . . and the tax treatment of . . . is decided under

    the Internal Revenue Code of 1954 (26 U.S.C. 1 et seq.)" are

    substituted for "shall not have any exemption, as such . . . shall

    not have any special treatment, as such, except as provided under

    the Internal Revenue Code of 1954" for clarity. The words "on or

    after March 28, 1942" and 31:742a(a)(1st sentence words after

    semicolon related to the United States Maritime Commission) are

    omitted as executed. The last sentence is substituted for

    31:742a(a)(last sentence) for clarity. The words "any political

    subdivision thereof" are omitted as included in "agency or

    instrumentality". The text of 31:742a( and © is omitted as

    unnecessary.

 

                                AMENDMENTS                           

      1986 - Subsec. ( . Pub. L. 99-514 substituted "Internal Revenue

    Code of 1986" for "Internal Revenue Code of 1954".

 

-End-

 

Yeah

Tell it to the judge as they forclose on your property  

[PartyTime]

Yeah

Tell it to the judge as they forclose on your property  

 

 

That's what the PTB love so much about Americans. They live in soooooo much FEAR! (False Evidence Appearing Real)

 

If it wasn't for the people rolling over allowing themselves to give up their rights the PTB wouldn't be the PTB.

[dog53]

That's what the PTB love so much about Americans. They live in soooooo much FEAR! (False Evidence Appearing Real)

 

If it wasn't for the people rolling over allowing themselves to give up their rights the PTB wouldn't be the PTB.

 

Its not so much about rolling over as it is about living under a bridge.

So dont pay your property taxes and let me know how that works out for ya fella. 

Edited November 25, 2013 by dog53

[easy]

Its not so much about rolling over as it is about living under a bridge.

So dont pay your property taxes and let me know how that works out for ya fella.

Bump

[PartyTime]

Its not so much about rolling over as it is about living under a bridge.

So dont pay your property taxes and let me know how that works out for ya fella. 

 

 

Haven't paid any in 4 years. It's working out great.

[dog53]

Haven't paid any in 4 years. It's working out great.

 

BS

[SocalDinar]

Thanks Rayzur

Always roll mine into my mortgages along with my property insurance

Thankful for prop 13 here in California.

Thanks Howard Jarvis

[PD41]

Met this guy building a house on the beach near Palos Verdes $$$ here in Los Angeles. He paid $2,600,000 for a ocean front fixer. Tore it down to the studs and rebuilt the whole 2 story house.

 

The county accessor will tax him at $ 3 million at just over 1%

 

Figure $30,000 a year in property taxes or about $2500 a month  

 

OMG what a ripoff here in CA. And I thought mine were outrageous at $6500 a year.

 

My brother has a house here that he paid off worth about $750,000 he has been in it 35 years.

 

He is locked in with Prop 13 and his taxes are only $1100 a year.

PD41