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Anecdote on Elderly Man and Property Taxes

0:56
12:12
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At 0:56 in

They tried taking his farm!

What happens here

The discussion continues with Stoney Ridge Farmer relaying an encounter with an elderly man, in his 80s, who owned his house since the 1960s but was forced to take out a loan to pay his annual property taxes. The alternative was having his property seized and auctioned off on the courthouse steps. This anecdote highlights the vulnerability of long-term property owners to escalating taxes, irrespective of their fixed income or long-term ownership, demonstrating how property can be effectively 'paid for' multiple times over through taxes.

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pay my taxes you know that right so it's just like being a the surf time of of our lives so I create something out of thin air cows breed create a baby cow I create that I take care of the grass I take care of everything and in the end of it all basically when I sell my cows I have to hand over two out of every 10 cows The Profit that I made so two out of every 10 animals gets handed back to the government but that's just that's a story for another day no that's about the 20% margin that we're pay paying in federal tax but now you ran into a guy in the parking lot yeah ran into tell me that story so a guy in his ' 80s I ran into in the parking lot he had a cool old truck I went up to him start talking about his truck I thought this was his second truck like his you know his toy no it wasn't his toy it was his only truck it was like a 1979 Chevrolet pickup truck rusted out I thought it was cool started talking to him chatting him up about the trucks then we started talking about taxes he's like yeah this year I had to borrow to pay my taxes I had to borrow $1,000 to pay my taxes my wife's in the hospital I'm in my 80s we're on a fixed income and he owned his house since the 1960s and over time he had paid for his own property two or three times over in taxes in taxes alone and now he's in his 80s and still being and he has to go out and get a loan to pay his tax to pay his taxes or his property will be taken away out from underneath him yeah they'll just auction it out off on the courthouse steps you know pay your taxes now the Fourth Amendment clearly states

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