A shocking exposé has brought to light a pervasive and systemic real estate tax fraud that has been quietly ravaging the financial stability of millions of American households. Expert Mitch Vexler has revealed the alarming details of this widespread scheme, which has been orchestrated by local school districts and central appraisal districts across the United States and Canada. The consequences are dire, with over 42 million households – approximately 36.7% of U.S. households – facing the very real threat of losing their homes due to inflated property taxes.
At the heart of this s*****l is the fraudulent overvaluation of property taxes, which violates both federal constitutional law (specifically the 16th Amendment) and state laws. Local school districts and central appraisal districts have been manipulating property assessments to service massive bond debts, resulting in overt taxation that burdens homeowners – particularly retirees and middle-income families. This has led to widespread financial distress, bankruptcy risk, and loss of homes, s*******g equity from homeowners and undermining the very fabric of the American dream of homeownership.
The scheme is perpetuated by compounded interest on bonds and the continuous issuance of new bonds, with bond debt now estimated at a staggering $5 trillion nationally. Central appraisal districts are ignoring uniform appraisal standards, instead manipulating valuations to meet budgetary targets for school districts. This not only strips equity from homeowners but also creates a deflationary spiral that jeopardizes local economies and the broader financial system.
The real-world impacts of these fraudulent practices are far-reaching, contributing to a housing affordability crisis that is pricing out first-time homebuyers and forcing many to relocate or downsize. Local examples, such as a failed hotel project in Conroe, Texas, financed with bonds that now burden taxpayers despite no real economic return, illustrate the devastating consequences of this scheme.
While solutions exist, including legal challenges currently pending in courts, systemic resistance persists due to claims of sovereign immunity and “ultravirus” protections by government entities. Mitch Vexler is calling for grassroots advocacy, encouraging homeowners to unite in pushing local school boards and appraisal districts to adhere to the law and stop the fraud. His organization provides extensive documentation, legal filings, and resources online to empower citizens to fight back and hold responsible parties accountable.
The situation is dire, with the potential for a catastrophic market collapse worse than the 2008 financial crisis if left unchecked. It is imperative that homeowners, policymakers, and the broader public become aware of this issue and take action to prevent further damage.
Watch the full video from Liberty and Finance to gain a deeper understanding of this issue and the evidence supporting these claims.
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