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Hey David Wait until you are paying an amount equivalent to the Couple's Old Age Pension in Land Tax each year! Each State charges their own property taxes. Read the State Revenue Office website for your State for information on calculation of the tax and whether you will pay more for...

Yeah, well As alwayslearning commented, if you had shares (or other capital assets) you don't pay a tax on the capital value of those assets, but we are taxed on property holdings When this thread was started back on 06-06-2003, our Land Tax was just wishful thinking. Now, our Land Tax...