Countries with no property taxes where you REALLY own your home

Written by Andrew Henderson

Last update: March 17, 2019

Dateline: Belgrade, Serbia

We frequently discuss the idea that governments thrive on taxing the “evil rich”. It’s no secret.

Nomadic entrepreneurs are engaged in a different business: looking out beyond their own borders to find countries that offer something better. Where can I pay less tax legally? What countries are welcoming to people who want to internationalize and establish a home without paying high tax on their property?

We also discuss the idea that history repeats itself, and why that is cause for diversifying your talents and your assets around the world. Governments have taken the same attitude toward taxes, including property taxes, almost since the beginning of time.

Their attitude: the higher the taxes, the better.

BRIEF HISTORY OF COUNTRIES WITH PROPERTY TAXES

As far back as Egypt, Babylon and Persia, countries have used property taxes to collect money from the well-off. Since the vast majority of the population was poor, governments were able to demand money from the wealthiest landowners based on the productivity of their land.

Had a great harvest? The local tax collector would happily take his piece of the action. And since tax assessors and tax collectors were one in the same, landowners had little choice but to hand over part of their well-earned bounty to the tax authorities.

In ancient Egypt, for example, taxes were levied against a land’s production of grain, as well as cattle output and oil. While very few members of the population were literate, some of those who were, took up jobs as scribes and devised one of the earliest tricks known to government: keep records of who owned what property for the express purpose of taxing it.

In exchange for scribes serving as assistants in tax collection, their efforts were often rewarded by being allowed to live whenever the king or pharaoh died. So valued were their efforts that they were the only members of the royal court not buried with the pharaoh. That’s how much the government wanted to skim cash from property owners.

Today, of course, the situation is much the same; only with “more sophisticated” methods.

WHAT IS A PROPERTY TAX?

Property taxes are a reality of life for almost every property owner in the world.

As Investopedia defines it- A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own.

In the Land of the Free, some homeowners pay five-figure sums every year to live in modest homes in places like New York and Southern California.

Heck, people in New York are paying tens of thousands of dollars each year just to live in their own homes. If insane real estate prices and cost of living wasn’t enough, the government comes in to take more of your cash simply from owning property.

Going as far back as ancient Egypt, these mandatory tithes to the government are proof that you don’t really OWN your home or land. Rather, you are indebted to the government for the use of that land and, consequently, must pay.

Unlike many private sector services, you can’t simply buy a “lifetime membership” for annual multiple and call it a day. You must pay property taxes by the due date each and every year — and not a moment too soon.

Such is the government’s commitment to maintaining power that a business owner and friend of mine has been prohibited from paying the property taxes on his businesses’ land holdings even one day in advance.

If you own property in the western world, not only have you taken a long position on your government’s declining currency, but you have also signed up for a lifetime of indentured servitude.

For all of your government’s efforts to promote home ownership over renting, the reality is that property owners are the biggest renters of all. However, internationalization tells us that we can “go where we’re treated best” when it comes to almost anything. The same is true when it comes to owning a property.

You may know that I actively discourage people from buying real estate in the United States. In addition to all of the other reasons, high property taxes are one of the contributing concerns.

Sure, you could go from one bankrupt state to the next, but that’s no better than catching a falling knife. When North Dakota — allegedly one of the most free states in the USA — voted overwhelmingly NOT to do away with the state’s property tax a few years ago, you learned everything you need to know about Americans’ opinions on property taxes.

Seventy-six percent of them voted “no”, actually, even as the state’s coffers are overflowing with revenue from oil activity going on there.

Looking for states with no property tax is a common reaction for many Americans and others when the smart reaction would be to think more in terms of countries with no property tax. That’s why owning real estate in faster growing safe haven jurisdictions not only offers better yield and appreciation potential, but also the potential for significantly lower property taxes… or none at all.

Not only is foreign real estate owned in your own name, a non-reportable asset for US persons, it also offers many other benefits, so long as you can keep carrying costs low.

LIST OF COUNTRIES WITH NO PROPERTY TAX

Yes, there actually ARE countries with no property taxes. If you were to tell that to a US politician, they might tell you that if that happened here, the schools would all shut down and people wouldn’t be able to get an education.

To them, the $28,000 a year in Washington, DC or $21,000 a year in New York isn’t enough to offer education. This is the crux with owning real estate in a country that charges you for doing so: The money taken from you is never enough.

Moreover, since they know they can depend on your money through property taxes, politicians often have less incentive to find more reasonable ways to pay for schools, roads, and other public works.

Many countries — specifically those that are engaged in expanding their economy and gaining more attention on the international stage — are realizing that in order to grow, they need to create an environment that is attractive to investors and property owners.

And at Nomad Capitalist, we are all about finding the best.

So, here is a list of countries with no property taxes where you can actually own your home.

EUROPE

Although many European countries are known for their high taxes, a few of them have taken a different approach and do not levy a property tax.

MONACO

This small European country is gaining popularity among nomadic entrepreneurs with its tax policy and breathtaking views.

Europe’s smallest non-theocratic micro-state, Monaco, has no property taxes. However, like nearby Liechtenstein, be ready to pay. Monaco’s glistening shoreline and luxurious homes are a major goal of many high-achieving entrepreneurs, and avoiding property taxes helps make property ownership here even more attractive.

If you wish to rent out your Monaco property, there is a 1% tax, although it is payable by the tenant. Overall, Monaco maintains its important place among the list of countries with no taxes — making it a continued favorite playground for the wealthy.

If you are interested in finding out more about Monaco residency and citizenship, we have published a guide with all the details.

MALTA

malta-residency-global-resident-programme

Malta is an archipelago in the central Mediterranean between Sicily and the North African coast. With its beaches, climate, expat community and business environment, it is a very appealing base for the nomad community.

Malta, located off the coast of Italy, is a very popular relocation place for expats around the world. It even ranked in top 10 on our 2017 Nomad Quality of Life Index.

We have recently discussed at Nomad Capitalist the Malta Global Resident Programme, designed by the Maltese government to strengthen the property market in this up-and-coming island country and EU member state. Malta offers the benefits of a European lifestyle while offering powerful incentives for property owners and investors, including non-existent property tax. Malta does, however, assess a stamp fee in lieu of property tax. Malta is gaining the attention of many entrepreneurs who see EU residency and potential of economic citizenship as a key part of their internationalization plan.

GEORGIA

Thanks to its free economic policies and low taxes, Georgia is one of the most business-friendly countries in the world.

I own a number of properties in Georgia, and I haven’t paid a dime in taxes on any of them. In fact, most of the people I know who own property there do not pay property taxes either.

However, there is a caveat here – if you make more than 40,000 lari (about $15,000) per year through Georgian-sourced income, then you need to pay a small annual property tax of 0.1%. For example, my lawyer’s income exceeds that limit, so he must pay about $150 per year on his $100,000 apartment.

If you don’t have any Georgian-sourced income, on the other hand, then you won’t pay any property tax, and as an added benefit, Georgia also does not charge any kind of transfer tax or stamp duty.

OCEANIA

Outside of Europe, there are a few interesting countries with no property tax. Not surprisingly, several of these are tropical island nations that would be of interest to foreigners escaping the daily grind.

FIJI

Fiji does not assess property tax on freehold land. Less than ten percent of all of Fiji is freehold land, much of it set aside by the British to entice farmers to come and create agricultural goods years ago, but some suggest Fiji real estate is one of the best investments in the region. One of my VC friends loves the place.

Owning land in Fiji is a relatively straightforward way to get permanent residency there. Fiji also has a territorial tax system that allows residents to pay no tax on income earned outside of Fiji, such as through an offshore company. Fiji is a favorite real estate investment by many as it boast competitive rates relative to the Pacific and is a major tourist destination.

COOK ISLANDS

Cook Islands

Cook Islands, an offshore alternative to a Wyoming trust and one of the countries with no property taxes.

In addition to no wealth taxes or capital gains taxes, the Cook Islands in the South Pacific doesn’t assess property taxes. This island chain, in free association with New Zealand, has recently gained attention for its asset-protection trusts and favorable no-property-tax policies. However, land cannot be easily owned by foreigners in freehold form and instead the government requires leases for non-Cook Islanders that max out at 60 years. This semi-sovereign island chain may become more important for real estate but for now, may present some challenges for foreign investors, in spite of its Pacific paradise draw.

CARIBBEAN REGION

Like Oceania, a number of island nations in the Caribbean have also foregone property taxes.

CAYMAN ISLANDS

Cayman Islands has no income tax no property tax

Cayman Islands has one of the largest and most sophisticated offshore sector, thanks to be a no income tax country and no property taxes country.

The Cayman Islands once again makes the list as a longstanding name in the offshore world: No property taxes, no personal income taxes, no capital gains taxes, no corporate taxes, no payroll taxes and no withholding taxes on domestic of foreign entities. In other words, the Cayman Islands is very friendly to nomadic investors who want to get a piece of this Caribbean property market.

Property prices seem to be rising especially along the main areas of Seven Mile Beach, in light of recent luxury developments and increased demand. The islands are among the most developed in the Caribbean and boast excellent beaches and good business infrastructure, although cost of living can be higher in this region.

DOMINICA

Where is the cheapest place to buy citizenship Dominica

Dominica gained popularity among expats for its CBI programme, but it is also on our list of countries with no property tax.

Dominica has no property taxes and is a major contender in the second citizenship world, offering one of the most cost-effective citizenship by investment programs.

This Caribbean island nation is known as the ‘nature island’ and is English-speaking, having obtained independence from the United Kingdom in 1978. One thing to note is that municipal taxes are levied on properties in Roseau and Canefield urban areas, but otherwise, there are no traditional property taxes associated with most nations.

TURKS & CAICOS

tax-free-countries-turks-caicos

There is no property tax in the Turks & Caicos, but there is an annual stamp duty which is on a progressive scale.

The Turks & Caicos, a British Overseas Territory, is also on our list of 18 tax-free countries where you can get second residency and is generally worthwhile for our readers to look into not only from a financial incentive standpoint but for the excellent lifestyle and quality of destination (especially beaches!) it offers.

The luxury real estate market is generally booming here and many of our readers may be interested in what owning property here could offer to diversify their residence or investment choices.

AFRICA

In Africa, one well-known offshore hub does not have any kind of property tax – the Seychelles.

SEYCHELLES

Seychelles, Africa offers economic citizenship, countries with no property taxes.

The island nation of Seychelles is one of the best offshore jurisdictions for corporations. It also has the most powerful passport in Africa.

The Seychelles has no property taxes, but requires almost 7% of a property’s value to be paid in various stamp taxes and notarial fees at sale. It also requires foreigners to deposit monies in advance before buying property. Plus, foreigners may have to get government permissions. (Their banks aren’t so good, either).

Seychelles is one of my favorite jurisdictions for setting up a non-transactional offshore company, but I can think of a lot of places I’d rather own real estate. However, this highly developed African island nation might be part of your plan if you enjoy the lifestyle and want to avoid property tax. Optimizing what each country can offer you is what comprises the very idea behind planting flags.

ASIA & THE MIDDLE EAST

In Asia and the Middle East, you’ll find that certain rising markets and oil-rich countries with low tax rates tend to forego property tax.

SRI LANKA

countries-with-no-propety-taxes-sri-lanka

After years of being overlooked, Sri Lanka is becoming a popular destination and it’s easy to see why, not only for its azure beaches and climate, but also for its tax-friendly environment.

Sri Lanka has no property taxes and rental income earned by non-residents is taxed at 20%.

This nation, located below India in the Indian Ocean, is more and more of interest to many entrepreneurs and nomads because of its growing tourism industry and potential towards more pro-business policies.

The economy has had steady growth rates in recent years and is home to major industries such as precious metals, agriculture, IT, and textiles. Capital gains tax was abolished in Sri Lanka over a decade ago and rental income is taxed at a flat rate.

UNITED ARAB EMIRATES

dubai-countries-with-no-propety-taxes

Dubai- an exotic place where you can really own a home.

The Middle East is also becoming known as a zero-tax region, with many countries there touting no income taxes. Dubai, number 2 on our QOL Index List for 2017 is a place where you can have a home base and an actual home.

Dubai is a “country” with no property tax, although it also assesses a one-time fee upon purchase of the property.

The UAE is home to some of the most innovative and impressive (the world’s tallest building, largest mall, etc.) real estate projects and is also arguably the most welcoming part of the Middle East to international investment and tax-free incentives.

GULF COUNTRIES: BAHRAIN, KUWAIT, OMAN, AND SAUDI ARABIA

Other Middle Eastern countries like Bahrain, Kuwait, Oman, and Saudi Arabia are all property tax-free, as well. While many Westerners might not be paying as much attention to opportunities in this region, the extremely capitalist-friendly (and in some cases nonexistent) tax codes regarding property are appealing.

The region can create challenges for some foreigners regarding permissions or cultural adjustment in the case of residential property. Kuwait, for example, does not allow for foreign ownership except by other GCC countries, and Saudi Arabia restricts non-Muslims from ownership in the holy cities of Medina and Mecca. Regardless, no property tax is a huge benefit for those looking to reduce their government burden.

THE CATCH: STAMP TAXES

Before you hop on a plane and hire a realtor to buy a home in a country with no property tax, you should consider another tax that governments frequently levy on property purchases – the stamp tax.

Some governments levy a stamp tax – which is also known as a real estate transfer tax – on all property purchases. Essentially, when you buy the property, you pay a percentage of the purchase price to the government as a stamp duty on the transfer of ownership.

Sometimes, this property transfer tax isn’t the worst thing in the world. When I bought my apartment in Malaysia, for instance, I paid a stamp duty of about 3% of the value of my purchase. While that raised my apartment’s initial price tag, it was well worth it to only pay around $400 in property taxes per year.

In other countries, it may be a different story. When I looked into buying property in Barcelona, I noticed that real estate there was surprisingly cheap. However, as I dug deeper into the market, I realized that the reason why property was so cheap was because buyers had to pay an extra 8-10% in stamp taxes – on top of property taxes – to the Spanish government.

Of the fifteen countries mentioned in this article, the following eleven levy a stamp duty on all property purchases:

  • Monaco – 4.5-7.5%
  • Malta – 5%
  • Fiji – 3% for citizens; 10% for non-citizens
  • Cayman Islands – 7.5%
  • Dominica – 4%
  • Turks & Caicos – 0-10%
  • Seychelles – 5%
  • Sri Lanka – 3-4%
  • UAE – 4%
  • Bahrain – 2%
  • Oman – 3%

As you can see, some of these stamp duties are rather cursory whereas others can be quite substantial, so you will need to factor this issue in when you decide to make a real estate purchase in any of these countries.

However, since the stamp tax is a one-time payment, it can be a better deal than paying an annual property tax.

CONCLUSION

There are relatively few countries that truly have no property tax. Many have merely allowed property owners to pay a front-loaded sum in the form of a stamp tax or other fee that eliminates the need for never ending taxation.

Given the choice between two evils, I’d rather pay a front-end fee and be able to limit my costs going forward. I also have to wonder if the presence of a significant stamp tax depresses prices slightly, as buyers must have more liquid cash up-front.

I suspect many Westerners, used to putting 1.2% down when buying real estate, would scoff at the idea of investing overseas for that reason. If you’re buying property for your own enjoyment or for yield, I imagine there may be some tiny benefit from such upfront taxes.

At least in countries with no property taxes on an annual basis, you can actually keep more of your own money in your pocket each and every year. That’s something most governments don’t want you to do.

If you’re interested in high-yield and high appreciation real estate opportunities, you can apply for help so we can determine your best options as part of a personalized and completely legal offshore plan.

Andrew Henderson
Last updated: Jan 17, 2020 at 5:15PM

Start Your Offshore Journey Today

The Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success

Start Your Offshore Journey Today

The Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of successWould you like to be next?

Read this next..

60 Comments

  1. Dhdhdn

    Why no mention of the Bahamas??

  2. nightofdarkness

    Russia, Ukraine, Belarus has no property tax – Ukraine has 1% buyer one time fee. Not to mention constant new constructions in the city over and over. You can buy a condo in the city center $100-250k.
    I surly cant purchase commercial space at 1st floor and a panthouse on the 20th floor in the same building in NYC for $300k but I can in Ukraine. Live and work in same building hmmmm. Price Less. And with prices that cheap you can get an additional 1br and rent it out – speechless.

  3. Gunter Hå Olsen

    Norway has property tax in some municipalities. Also, property tax would be the least of your worries, as there is a “fortune” tax if you have a huge bank account or valuable shares or properties (a.k.a. if you’ve done well you get punished).

    • self.tot.robot

      You are not being “punished”…. you are paying small amounts to protect a system that has valued your accomplishments more than those of a less well educated person / less luckliy born person…. there is a subtle yet powerful difference…

      • Jon Rosenburg

        The system is NOT the source of their success. Therefore they owe “it” nothing. The said person already pays a higher prices on good and services(to pay for defense(law & order/military)) due to taxation, therefore they owe the system that in absolutely NO way has caused their OWN success. 100% of all individual income tax is used for welfare(Legal Plunder).

        • Frank Reisland

          It is totally irrelevant who caused ones own success when the services are coerced upon. That may be roads, schools or police raised by taxation – or more precise: legalized theft. The major argument is here to get rid of theft and there will be no causes that The State has caused.

          Also Gunter is not quite right about property tax being the least of our worries living in Norway. Wealth tax in Norway is 0.7% + 0.15% = 0.85% and property tax is 0.7%, thus sums up to about the same amount. Of course you can avoid property tax by living in one of the municipalities without property tax, but this isn’t really a solution because these municipalities is either non livable or the property is twice, third of even four times the reasonable cost. Surely you get your money back when selling, but to most people it is considered a loss of freedom to have to invest in overpriced property just to avoid tax.

          In addition to property tax at 0.7% and wealth tax at 0.7% your worst problem in Norway is the cost of living. Most things cost 50% compared to reasonable European countries. On top of that you’ve got 54% income tax above about €90k, 25% vat, 14% payroll tax, 7.8 social security and a lot of special taxes and customs of certain goods, cars, gas and alcohol in particular and for an average Norwegian citizen, it all sums up to 75% of his gross income. Thus, a Norwegian citizen is by definition an immature kid never allowed to be an adult, but lives his life where he only control 25% of his income, just like children who receive allowance from his parents.

          The Nordic countries are Earth tax hell. Denmark, Sweden and Finland is even worse. Examples, in Sweden payroll tax is 31.42%, in Finland cap on progressive income tax is 61.96%, in Denmark 250% new car tax.

          • Cédric Ballet

            They may be “tax hell”, but these countries are economically very successful and consistently top every year as countries with the highest quality of life in the world. They attract loads of entrepreneurs, companies and investors, and the people are generaly happy and positive
            …which again confirm that you cannot have a decent country with quality infrastructure, safety and social justice with no taxes
            The question is not HOW MUCH taxes you pay but WHAT you get for
            You know very well that without taxes and massive wealth redistribution any country turns into an oligarchy in one generation, that subsequently leads to revolutions and civil wars

            Your obsession with taxes makes you irrational; environment, safety and quality of life matter. Serbia has low taxes but it is a shithole with no decent business opportunities and youngsters massively leave to western countries “tax hell”; go figure. If your ambition is to live in shithole countries only to run away from taxes all your life, and encourage others to do the same, that’s pretty sad.

        • AnnieRuiz

          You’re right! The source of my success has always been ME!!

      • AnnieRuiz

        Ah, no brother, no matter how you try to sugar coat this monstrosity, this is THEFT!!

      • Shinku

        How are they less educated when they ALL received the same education? Clearly this is to penalize success. The rest are sophistry.

  4. Joe

    Add Turks and Caicos to the list and Cayman Islands

  5. Hayek Habib

    Lebanon has no property taxe but u pay tax when you buy a land it is 6.5 % of land value ,but here is the issue when you have no tax the land still as it is for 100 of years like a lot of Lebanese left Lebanon and left their land behind i am a land surveyor and i have a specialist office collecting back these land of next generation find them call them buy land from them or just help them to sell.

    • bob

      The property tax in usa is about 1 to 3 % of value of property per annum
      In 100 years you paid for 2 or 3 houses

  6. run13

    One doesnt have to pay any sort of tax on anything, if one isnt a member of said society, or in any case, any society.

    The argument that you have to contribute is based on what? Society/Government providing you with services and etc? Then dont use anything they provide.
    Land? No one owns land. We like to forget our foundation came from barbaric mindless behaviour. Today its not so much in your face like an European enslaving indigenous people, but it still exists.

    I talk from my view and experience. I dont see humanity improving any time soon so to hell with everyone and to hell with any type of contribution. Obviously I will meet resistance. Physical and mental.
    So my “sovereignty” at the moment is mental and not physical. When the time is right and I use money to buy a property or more than one, I will then stick a metaphorical flag on said property and claim natural sovereignty.

    Why? why bother? why be radical? more than anything its a stance. a protest. But not a waiting protest where I ask for something and wait for something in return. Nope.
    I simply SAY it is and hope that people notice and the whole issue starts to be talked about and questioned.

    What issue you may ask? Well, that there is no royal families. No monarchy. All families in the planet are royal. There are no few sovereign individuals, we all are by nature.
    Also the issue of world wide corruption and oppression. We are born humans, born of the earth, from the earth. Without earth we are NOTHING. And the opposite does not APPLY. DOESNOT.
    earth without us is BETTER OFF, but lets stick with: is still fine.
    It did not come from us, neither.

    Therefore all societies and imaginary lines are ideas that we choose to believe, because we’ve been conditioned. And obviously only a handful of people ever question life and humanity, its conditionings.

    To governments, this stance is terrorist and extremist. Imagine that. Someone with the truth, being labelled as such. And it may not even be a “conspiracy”. They may actually try to shut me up/kill me (or people like this) because they actually think that its wrong, its chaos, its etc.

    And such a thing is already true to an extent. There are movements of people in UK, USA, Canada and Australia that are called “freeman on the land” and also “sovereign citizen”.
    But I dont say Im part of them, nor do I claim to be this or that, I dont give myself titles. I only am and thats it.
    Because I see their movement as narrow minded. But.. at least they have the concept more or less right.

    I want to better the world, meaning, the humans. All systems point to a corrupt broken system.
    I will not wait for my health to deteriorate nor for approval. When people are given a chance to better themselves and others, I may take part.

    Furthermore: venus project. I have something in common with them.

    • Volodymyr Mykhaylyuk

      Unfortunately, until there are countries like Russia, China and few others, you will need the government to protect your “mansion”, if not, tomorrow you will wake up as part of Russian federation freed by Putin’s rebels…

    • Mike M

      Have fun in your fantasy world. Human nature doesn’t allow your “ideal” vision. So living in it is a lie.

  7. Hannah Diment

    I had heard that South Africa does not have property taxes either, but I’m finding difficulty verifying this–does anyone know if this has any truth to it?

    • Mademoiselle

      South Africa has property tax. It’s billed with electricity, water and refuse removal.

  8. Slade Hamlett

    Fiji has large restrictions on foreign land onwnership as of December 2014. Foreigners can only buy land or houses in rural areas. Rural areas are difficult to build houses because of the wild nature and lack of infrastructure in those areas. Foreigners that own land without houses in towns must build within 2 years or be charged 10% of the value every 6 months.

  9. Carl Rimmer

    China has no property tax, at least if you farm the land its free

  10. John

    Great article! I feel the same way that you are just renting your house from the State. $3,400 a year in Property Tax even after your home is paid for is about $300.00 a month in taxes. The vast majority of the tax goes to schools, like 80 percent, the rest is used for County and City services. If you have 4 kids going to public schools then it is a good deal but if you do not have kids or home school or sent them to private schools then it is a bad deal for you. There was a lady running for govern here in Texas that wanted to get rid of property tax but she lost. Also when I voted for the Trump at the primary there were some things at the end asking if I would be interested in getting rid of the property tax for some other kind of tax and I said YES!!!!

    I think that certain parts of Alaska have no property taxes and also there is a county up north on the east coast that has no property tax. I think the County and City get their taxes from parking because there is a lot of tourism.

  11. p relgne

    No mentioning about south America?

  12. Daniel Oz

    “Countries such as Israel don’t have property taxes” <— this is false. Israelis pay monthly "municipal taxes", which are based on assessment of property by location and metrage. This is functionally the same as annual property taxes in the States. One-time "acquisition tax" exists on top of that (based on the price paid), not to mention an "appreciation tax" payable by sellers if some of the value gained by the property was owed to government or municipal development of its surroundings.

    Also, quit whining and pay your taxes. Your assets, wherever they are, owe much of their value to public services. Actually they're virtually worthless without surrounding infrastructure, public road access, police and legal protection, local firefighters, and the social safety-net that supports the fabric of urban communities. All of that is paid for by tax money.

    • Harold Smith

      Levying and collecting an arbitrarily high tax on a person’s “shelter” – which is a necessity of human life – is the most immoral form of taxation. It is nothing more than theft (at gunpoint if necessary).

      • Daniel Oz

        Investment properties are not your “shelter”.

        • Harold Smith

          Did I say otherwise?

        • DNA(splicer)

          Business property is different than a home. I’m fine in having businesses taxed because they already pay up to 5% in tax.

          homes where you live and sleep are different.

          They should make a clause or new law that after liveng in a house for 5 years your property tax are reduced or fixed depending in price paid when bought.

          Chart

          50-100k tax 500/yr
          100-150k 1000/yr
          151-200k 1500/yr
          201-250k 2000/yr
          251-300k 2500/yr

          The estimate says 50% of americans own a home and 80% of couples.

          That’s a lot of tax money to collect. plus corporate tax can be lowered to 15% for low yielding companies and 20% for high yielding companies. And remove every single loop hold created. The only loophole that will exist will be charity if a company give charity depending on the amount their corporate tax can be reduced to 10% the maximum limit for any and all companies.

          This is a fair amount.

          We have tax on everything, cigarette, food, goods, entertainment, shit I’m surprised we don’t have tax on taking shits and breathing air

          This is fair and just enough to have or force the government to reduce its spending and corruption.

          America spend more than the 3-6 next countries combined on war. How can america spend more in war and military than China Russia and other big nations combined what the fuck is america fighting. They better be fighting an alien war or someshit. Or maybe have and enterprise fleet with secret exploration and shit. No reason t waste so much fucking tax payer money.

    • bob

      In the country I live in the roads are paid for with fuel taxes
      The police and fire from the vat (sales tax)

    • abbypatch

      Property taxes in my state are only used for schools and county/township and city services. We get 2 separate bills, one from county and one from the school district. The county taxes aren’t bad but every year, school boards raise taxes to pay for the exorbitant salaries of the teachers and administrators thanks to the union. The school district I live in has raised taxes to the limit cap allowed so they went to the state Board of Education to get approval to go above the limit. It was approved, so what’s the sense of putting a cap on them? Then we also have to pay an occupation tax (“right to work”), a per capita tax (“right to breathe”), earned income tax (more taxes on income besides the state and federal income taxes). Seniors can’t afford their homes anymore and it’s really unfair to them because they don’t have children in the school system. They are getting tapped out because most of them have had to use their 401K/pension/IRAs to pay the taxes since Social Security doesn’t cover the expenses of owning their home even if they put a monthly amount away.

  13. Perry Way

    Guyana has no property taxes

  14. geo

    Are there tax auctions in other countries similar to United States? What countries have these?

  15. bob

    I owned 5 has of land in chile and built a modest house and paid nil in taxes .
    I now reside in the Philippines and own a house and 3700 metres and pay three dollars a year BUT you don’t need to worry about paying it until you want to seek the land, then the back taxes need to be paid to slow transfer . Nobody here is going to take your land and sell it at auction if you don’t pay like the usa ….

    • Paul Dean

      A foreigner can’t own land in Philippines, it’s written in their constitution.

      • bob

        yes
        thank you for that incite
        the question was on property taxes
        not citizenship v foreigner rights

      • Derek Christian

        Well I am Emigrating out there this year, So what is the best for me, I intend on getting Married to a Filipino Lady.

        • Paul Dean

          rent…

  16. They won't look for you

    People kiII me. The money has to come from somewhere.

    There might not be property tax in some middle eastern countries, the government owns 1/3 of the business. Not a third of businesses but 1/3 of each business itself.

    Most countries worth living in pay 50% or more taxes on income. Our debt didnt soar until we cut taxes by so much. Some people are paying less than 5% ussually the lowest rates for the rich.

    I never heard anyone say “I wish I made less money so I could pay these bills.” So how is a country to run?

    • labook2001

      People are duped into believing property taxes are a necessity for government to operate. It’s just not true. It’s just a way for government to always own the land and lease out while you make the improvements.

    • DNA(splicer)

      America spent 400billion on ana f-35 that doesn’t fly and 600billion on war in 2015 alone. We have a lottery system that make millions every year if not billions and last time the lottery hit 1 billion. Which is suppose to go for school but it doesn’t really help anyone. Why do they need more tax if all they do is pay for war and not help anyone. Lottery and income tax and sales tax and corporate tax and many more is enough. It’s just plain greed nothing more nothing less

  17. Tarquin

    Property taxes are important and only logical, unless you want our growing wealth gap to increase. Property is finite. If you have a growing population and finite resource then that resource will quickly become more and more valuable. This is more true with land than it is a commodity such as gold. People need land, but people do not need gold. Without a property tax land will become pricier and gathered into the hands of a wealthy few because it’s a commodity that everyone NEEDS. There will be no incentive for a person to sell their land as it becomes more and more valuable over time. On the other hand, with taxes, there’s a big incentive to either make your land productive or sell it if there are taxes levied upon it.

    Property tax is a logical solution that allows future generations a chance to succeed. Without it, the property market will soon be a market only for the wealthiest of people. As a property owner, it is one tax I never mind paying.

    • Vikrant1993

      And the problem is? If I dont want to sell a property, then I dont have too. Why would I want to sell my property, if I’m going to be taxed heavily from the profits? I might as well keep it. The incentive to sell your land is based on personal ambition. If my property has increased in value and I have the means to sustain a bigger and better property. I will have the incentive to sell my current property for another.

      Property Tax is highway robbery. Because even after you you have completely bought your property. It still can be taken away by the state. That is unjust and outright wrong. There are ways to fund roads,schools,and city services.

      Wealth Gap increases for many reasons, and one of the primary reason is the lack of jobs and the lack of people being innovative. Doesnt help when there are more taxes on the books than ever before. Taxing yourself to prosperity is like a snake eating itself. Its not going to end well.

    • Selcuk Olzker

      I agree, that un-earned wealth should be highly taxed…for example a 100% inheritance tax after a few 100k bequeathed to ones heirs would be both fair, and allow our best and brightest (not just the much less compettive and less intelligent) sons and daughters of the 1% make it to positions of power. Trust fund kids will definitely ruin the American dream, but by the same token, it is important not to punish success either “during” ones life. It would be great if a progressive was both pro-small/mediujm size business and abolished most taxes including property taxes on such businesses. Large monopolies and large inheritances should be taxed to the hilt however, since without these, we get inhibition of innovation and stunting of economic growth. If we had fair inheritance taxes, all other taxes would be unecessary, since a significant number of families own (unfairly and unreasonably) a huge amount of capital, that they have neither the ability, competence, or motivation to do something useful or good with it.

      • Selcuk Olzker

        It is fine if you want to give a few hundred thousand to your sons and daughters. But do you think it is a good idea if you give them unfair leverage in this world against someone more competent to do the job? Why should someone withiout a rich Daddy have to work harder to compensate or not have the opportunity at all which is more likely in todays America. That is their hard earned effort and money you are wasting and robbing from them (and our society as well) by giving your sons and daughters special priveledges. Keep what you want for yourself, but inheritance tax is the fairest tax and most reasonable. Billionaires and copyright and patent holders are destroying this country because they bought their way into ownership from old money rather than really earned or created their “property”. Unless we have a level playing field, there is no point to having a free market or free enterprise…it will fail because there will be no incentive to innovate. We’ll just create another stagnant aristocracy…and that never boded well for progress historically. You can’t take it with you. This isn’t socialism or unfair redistribution, it is fair redistribution which is needed to have the level playing field under which capitalism can thrive and survive.

        • Jan Johansen

          To get rid of the Bushs, Clintons and such in power, you can just ban political advertizing.

          How would you stop people from transferring the wealth to their heirs before they die? And should it be illegal for a son that has worked hard in his dads business all his life, to take over theat business? Who should take it over then? The government?
          What you are suggesting sounds suspiciously like Communism, and Communism had it’s try and failed miserably.

          • Selcuk Olzker

            No, this is not communism…in fact it is more individualism and meritocracy, which is always what allows capitalism to succeed. Without the merit part, there is no point to capilaism and it will fail or stagnate. I agree that part of motivation for hard work is to give something to your children…that is reasonable. But to give them millions or billions is unreasonable and dangerous for our future. A son who works for a company and works hard will get all the wealth his hard work earned him, but he should not get unearned wealth from his father. Our economy, and indeed the American dream, cannot succeed if we continue to commit the moral hazard of rewarding those who did not deserve it. Smart rich people realize that themselves…many of their sons and daughters lives are ruined through excesses, drug abuse, etc. Now that wealth inequality has gotten so extreme, we are seeing these fools affecting our politics and destroying our countries economic well being. Capitalism failed in the Great Depression due to unmerited wealth (in that case the Stock Market and elites) and it is failing now. Communism and extreme socialism in the state it arose in the early 20th century failed economically, but not in terms of education…it did actually lift many people out of agrarian and superstious/relgious socities in China and Russia, produced arguably the best scientists in the 20th century (if you include Europe). This is not a surprise…because they educate their entire population and choose their leaders from that entire population…not just those who can afford to go to college. It failed economically, some would say due to lack of motivation…which is partly true, although there are many other reasons it failed in those countries as well. In any case, we need to look honestly at its successes as well…we would not have had a space race and all of the technological offshoots today without Russian sending up Sputnik…capitalism would never have found that “cost-effective”. America also succeeded in part because it had a functional redistribtuion of wealth at its very beginnings. People got a lot of “free stuff” and “freedom” …free land by squatting and the ability to ignore copyright and patent laws, and well as laws taking away powers of the rich elites and other major power players, the church, (“all men are created equally…” and separation of church and state.. Because the elites have arisen again in a new guise, we need new ways to restore fairness and balance. What I suggest is not communism…in fact it is someways the opposite… it is a fair economic system where anyone can succeed if they work hard enough…and we can only accomplish that if we redistribute wealth that is not gained through honest work.

          • Selcuk Olzker

            Sons or daughters who truly work hard in a company and are not given nepotistic priviledges (which should itself be illegal) deserve every right to succeed and own that company after a parents retirement or passing
            on…but no more that that. But there are natural limits which go beyond any reasonable transfer in todays world. For example, any billionaire must either be a criminal or haver acquired wealth illegitimately because it is physically impossible for any one individual to work thousands of times
            harder than anyone else. 5-10x tops really, and in terms of motivation, maybe 50x could be considered reasonable…after that you’re going to get just crooks scamming the system and making us all a lot poorer. When 165 people can be
            fed by one farmer, most “property” is just over-speculated dirt, and most products and services are worth in real value a small percentage of the cost it took to make them…it is plain most hard working people are not getting their fair share. Money is just paper…it only can produce a viable economy if it fairly represents goods and services exchanged for goods and services
            of the same relative value. If it no longer represents that, which is certainly the case for any billionaire, this then represents theft, and that money should go back into the system via high inheritance taxes to prevent
            it from ruining that same system. While ideally, it would be good to have a system where such wealth could not be acquired in the first place…such systems often will create an environment which punishes success like
            20th century communism. However, an large inheritance tax would be a simple measure that could prevent it from accumulating beyond our control and destroying our economy and motivation for fair entrepreneialship
            in this coutnry as well. You can’t take it with you anyway, and your sons and daughters, if they didn’t work for it, do not deserve any unfair advantage over someone who did work for it.

          • Saptarshi Bandyopadhyay

            For all the “evils” of Communism (actually, the evil was perpetuated by Lenin-Stalinists, not Marxist Communists), the February Revolution did do one respectable thing: they ousted the Klepto-aristocratic Romanov monarchy that ruled the Serfdom of Russia.

            History lesson for the uninformed free-market right-wing capitalist (but then again, this may be redundant): In Russia, about 40% of the population were serfs – indebted laborers with no economic free will. (Estimates vary, as the serfs were often used in varying industrial and agricultural capacities, in direct contradiction of Russian law, shielding them from the census; additionally, serfs were often used as “front-line” fodder in the series of disastrous wars started by the Russian nobility, and posthumously given their freedom – so massive changes in the serf population did occur and were reported, but do not make the mistake of believing the serfs were “liberated”).

            So, imagine a society like that… 2 out of every 5 people FORCED to work a job that they hated, (and worked inefficiently at that), just so that the other 3 of the 5 could have the “privilege” of paying no estate or income tax, and could carry out their own personal ambitions (unfettered wealth generation and war-mongering being the chief ambitions among them)! While 2 out of 5 is not a majority, it is still a sizeable portion of the population. Not inconsequentially, the Russian taxation-industrialization system led to World War I (and, arguable, World War II). Rightfully, this system failed.

            Let’s not help forge another aristocracy on this planet. We are all inhabitants of Earth, brought here through no fault of our own. We all deserve an equal chance to its resources. ALL! (Not just a selected 3 out of 5.) Freedom isn’t free, and can never be.

        • guard4her

          Worst kind of envious thieving filth. Apparently I don’t get to give my money to whomever I want, it seems to be up to you where it goes.

          • Selcuk Olzker

            You’re silly. I’m envious of no one. I’m angry at the billionaires who have stolen their wealth…yes all of them, and endanger our economy and democracy. Money is legally tender to be used to expedite and make convenient the exchange of useful goods and services between individuals When it know longer represents that (which is certainly true for any billionaire and many millionaires), then that money is fraudulent and illegitimately acquired, a moral hazard for a productive economy, and no better than stealing. Taking it back forcefully, while legitimate, would end in a revolution and damage our economy, as it has done in many such revolutions in the past. Unless we take another path, this is inevitable. A reasonalbe path is to use high inheritance taxes, 99% for any billionaire is reasonable. 10 million to ones kids is more than enough to get buy.

            • Andrew Henderson

              You might be on the wrong site. Better to find a resource that serves your own needs.

        • Sven

          All tax is theft. Government is the scourge of humanity and your mind has been captured. NOT ONE country today nor ever has practiced capitalism. It’s impossible when GOV taxes, steals, cheats and colludes with crony’s.

          You are in imprison and worship your masters because of your cowardice.

  18. ERNEST SEGUI

    people argue that without property taxes regions will no be able to provide education well first off property taxes are an illegal act allowing someone to tax a property opens up yourself to paying a percentage of all your belongings (your sweater your cellphone a percentage of the value of your bed) by the constitution the authorithy to tax is granted but by definition a tax is a percentage of the cost of transaction service for good at the time of sale or rendering of service it is not a continued expense.

  19. ERNEST SEGUI

    Actually education taxes are improperly distributed to wealthy neighborhoods in America because of this ignorant and deceitful practice. On your id there is a listed address with a zip-code the state and federal governments are supposed to collect taxes as a whole and then disperse these funds evenly among all its citizens the way this is supposed to be done is via the identification card system this system keeps a database of registered citizens in a zip-code and this determines how much of taxes collected are given to that area why because ares with higher populations require more funding than areas that are less populated.

  20. David McClintock

    If I join Nomad Capitalist or offer to pay – can I get a detailed list of all property tax rates with explanations in all countries, jurisdictions and municipalities in the world?

    • Omar from Yogya

      It may be easier to spend the time and build up your own spreadsheet. I am sure that there are many among us that would pay you a nominal amount for the research when concluded

  21. patriotpioneer

    It’s interesting that before 1913 there were no personal property taxes in the U.S. , but we still seemed to have roads, schools, police, fire-departments, hospitals……

  22. Sven

    39% of voters in North Dakota get to vote to KEEP property taxes (the percentage who DON’T own homes). Fair?

  23. Cédric Ballet

    Property taxes in the US are horrendous (due to poor city management and urban sprawl), but so are they in most developped countries; the point of this tax is to maintain the local infrastructures; roads, utilities, fire station, schools etc.. THEREFORE valorizing your investment and allowing you to make profit as the community improves.

    Unless you live alone in the middle of a desert wasteland you should expect to pay these taxes anywhere; just common sense. You cannot expect to profit of developped economies and pay no taxes that’s just plain stupid. Some countries are bad deals other are better tax wise, but MOST of the time, high taxes come with political stability, transparent judicial system, modern infrastructure, access to finance, security etc..

    Trying to dodge taxes and chose countries only based on low taxes especially for small investors is a dumb approach. Yes sure you can go to some third world countries and pay no taxes, but don’t complain then if you get racketed and swindled by guys in leather jackets, if the roads are destroyed, that nobody comes to put down a fire at your home, and that nothing works. Not that you cannot find some good deals out there, but most of the time taxes are like commodities, it is supply and demand. If taxes are too high in a country, the businesses and people move out, the economy tanks and the government may utlimately have to lower taxes to attract capitals. If they are too low, the economy and investments cannot grow because there are no infrastructures, no rule of law, no schools etc; So the theory is that taxes set themselves organically

    • anarchist

      Most developed countries have prop.taxes, true, but nowhere near US rates, no one any where in the world pays $10K/year in taxes for a 3 bedroom house, like in most developed regions in the US. In most European countries it’s a few hundred $.

      • Cédric Ballet

        I agree property taxes in the US are high, but it also depends on how much costs your 3 bedrooms and when did you buy it. In the Miami area, you can buy a 3 bd for 200-300k, and the property taxes will be 1,28% thus $3200. On the other hand transfer taxes are low in the US.
        Btw i think investing in Florida is a good deal since you do not pay state tax on incomes and capital gains, and the demographics are strong.

        In Los angeles for exemple i pay 1,35% of the assessed value for commercial. If you just bought the property, yes, the taxes will be high but after a while the assessed value becomes disconnected from the fair market value. For example, i have a property that i bought and improved for 800k 4 years ago and it is now worth more than the double, but the assessed value merely improved