Property TAX FRAUD by inflated assessments
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes@James Hamling if this is Minnesota maybe Jim can shed some light on this.
I dont think you can bring a Rico case against the government .. I could for sure be wrong about that though
7 Replies
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
@James Hamling if this is Minnesota maybe Jim can shed some light on this.
I dont think you can bring a Rico case against the government .. I could for sure be wrong about that though
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes1y
Quote from @Jay Hinrichs:
@James Hamling if this is Minnesota maybe Jim can shed some light on this.
I dont think you can bring a Rico case against the government .. I could for sure be wrong about that though
Context is paramount and there is a lot of details to take into account for context here.
In theory one could bring Rico against a governmental body BUT, keep in mind Rico is for "criminal enterprise". So it would require a framework that the Governmental body is in the actions of a "Criminal Enterprise". I can't picture how one get's there.
Next, Mitch start's it off by detailing a legal strategy of overwhelming "them" via volume of suits filled, and the cost to defend against such. Better known as "Lawyering them out".
That tells me the significant doubt's he himself has in it's validity. Not to mention he's talking about ending property tax in totality.
Next, highlighting the tax assessed land and improvements values, talking about them being incorrect vs what they feel would be at an actual sale, inferring tax assessments are to be exact accurate as in if it were to be sold it would get that amount. Appraisals are a price OPINION, and OPINION on value. And tax assessed value is NOT an appraisal, so even lower bar of accuracy.
Stating "if I were to sell this place I think it would actually get ___" doesn't matter. Because that itself is also an OPINION. It's arguing an OPINION vs another OPINION. Anyone who's come through litigation of a case knows damages have to be realized not theorized.
A property would need to have been sold, in a setting where one can prove the appraised amount was in such excess that it proves the OPINION on value was outside of acceptable deviations of an OPINION and thus some form of fraud.
Back to the Rico thing, this has to be at scale, not a 1 here and 1 there.
Right off top of head I know of countless sales where sold $ was far in excess of the tax assessed value. So I am betting for every 1 shown where sold $ is less, there is 20, 50, 100 sold where sold $ was MORE than tax assessed.
The argument that increasing property tax's become unaffordable by some home owners may be good click-bait or news headlines but it's legally nothing. This is a component of a free market economy. Nobody has a "right" for sales tax or any other tax to remain "affordable".
Think of it this way: All the people who got the ARM's back in the day, that then the reset payment's became unaffordable..... Did they have a "right" for the payment to be kept "affordable"?
The premise laid out is, Government over-spending, surviving on debt, running a deficit, hemorrhaging more and more $ in interest, and thus raising tax's to cover the ballooning debt service.
They say it with degrees of surprise and shock. That's standard operating procedure for US Government.
It's exactly the battle we have going on at Federal level, trying to do quazi-austerity actions and other actions to turn it all around before the debt and service on the debt bankrupts the nation and it all comes crashing down.
I have no idea the point of going after appraisers. Appraisers don't set the tax rates, so that just hog-wash to even mention going after appraisers, they have 0 control of anything other than JUST the appraisal/assessment of the property. AND they have a process for an owner to argue there assessment.
Bonds are a thing often voted upon so I have no idea how you come back and sue about a bond that was voted for.
So sue for what, the politicians raising tax's? Sue for them doing a bad job?
Property valuation is set by what property trades at. I don't see how one can blame an appraiser for the data they legally had to use of sold comp's to say what the value accurately was.
Assessors come to tax assessed off that, which is again what properties are trading at. ie the market is setting the price.
has there been gross over spending by Government? Well DUH. The shock that the chickens come home to roost on this in form of higher tax's is childish. Again, DUH.
How any of this is fraud, more or less Rico......
To me all this seems like savvy click-bait. I don't know either of the persons in the video but if they are selling programs..... yeah, there ya-go.....
Again, 100% Gov in D.C., at state capitol or at county, yes 100% waste & over spending, debt debt debt up the wazoo. That's not criminal, it's not a crime to be dumb. And we the people have happily gone along with the stupidity for generations ignoring the OBVIOUS math that at some time the credit limit would run out and servicing payments would hurt.
- Investor · Malakoff, TX · Member since 2017 · 2k+ posts · 2k+ votes1y
I believe he previously filed a criminal complaint in TX that apparently didn't lead to any type of action.He has been preparing to file a federal criminal complaint. He claims that people in TX appraisal districts have gone on record admitting to falsifying property assessment data.
Quote from @Eric James:
I believe he previously filed a criminal complaint in TX that apparently didn't lead to any type of action.He has been preparing to file a federal criminal complaint. He claims that people in TX appraisal districts have gone on record admitting to falsifying property assessment data.
Yep, he did mention that in the video. Gosh, I hope it isn't true but would really like to know the truth now...I especially like the idea of doing away with the property tax. Very interesting.
Thanks for the detailed explanation. Much appreciated. What are your thoughts on his claims regarding the 16th amendment violation that taxes should only be collected on realized income, the transfer of money? He mentioned that we should not be taxed yearly because it is unrealized capital gains. for context, would that be similar to how stocks are taxed? Thanks again for your insight, it does clear up a lot of the question.
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes1y
Quote from @Ku Thao:
Thanks for the detailed explanation. Much appreciated. What are your thoughts on his claims regarding the 16th amendment violation that taxes should only be collected on realized income, the transfer of money? He mentioned that we should not be taxed yearly because it is unrealized capital gains. for context, would that be similar to how stocks are taxed? Thanks again for your insight, it does clear up a lot of the question.
I'm a realist first and foremost.
If you abolish property tax's, the day after sales tax goes up something like 75%, state income tax's go up multipliers, all local government city, county and state will shot through the roof. Because remember about 50% of people pay no income tax's so not only does the burden to pay for everything property tax's paid fall onto tax payors a different way, but it falls onto a segment of them.
It would be economic suicide.
When you have a tenant residing in a property, they are paying the property tax's via rent's.
Now imagine all that GONE in a blink. And all the landlords now pickup all those bills.
It WONT be more $ for landlords. It only means tax'd differently. Because Landlords are income PRODUCERS. So flip it all too income tax's or sales tax's would be devastating.
The $ has to come from somewhere, end of story.
Even if government prints the $ into existence it STILL comes from us because inflation = higher costs of goods and services.
Any way you slice it you gotta pay the butchers bill.
Yeah, i was thinking the same, the taxes will be increased elsewhere. I appreciate the dialog and insight. I might be really late to the party but the claims in the video do sound interesting. Whether or not they will hold water remains TBD. Thanks again James!
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