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Land Patents and Property Tax Abatement - Urban Myth or for Real?
While Land Patents themselves are for real (you can get yours from the BLM depending on your state) the question is what do they really accomplish?
Madsen from Team Law claims they get rid of your property tax as well as zoning and the need for permits.
David Wilbur Johnson claims they will get rid of zoning and the need for permits and that while they won't get rid of property taxes completely, that the new property tax will be whatever the amount was back when the land was first patented.
Brent Johnson from Freedom Radio claims that the Land Patent, with some other fancy manuveurs (ie using Trusts and unrecording your property) will rid yourself of the property tax.
A lawyer who specializes in Asset Protection and tax avoidance claims the Land Patent is a well known fraud.
Some say there can be no mortgage; others say there can. Some say you have to pay off the tax debt (eg some formula like 7X the annual rate).
So, is the Land Patent a Silver Bullet - one that will rid youself of the property tax as well as government regulation of your land and protect your land and house from a lawsuit.
Is the LP a key ingredient along w/ other steps to rid ourselves from the property tax attachment?
I defer to your experiences.
Thank you!
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