Well, finally paying off a 30 year mortgage or selling prior notwithstanding, technically, you do own/live in your home on good faith, that if you miss a payment, it's taken away.
Therefore owning that home/property, we are not a Eutopia, and money makes the world go round, so we should be taxed on property. Why? Because if we own a home, then we need roads to get in and out of it, to work, to school, leisure. We need utilities, infrastructure. Employment of public servants per capita of residents in that area-all of which are paid out of taxes based off our property in that region.
This is actually fair compared to an income tax. You have committed to the property and wish to be part of society/community. So you expect and demand the services.
If you work hard, rent a home/apt, then the owners of it pay the taxes, and you do not.
Income taxes should be eliminated or set to a small fraction per each level, with a max of 5%. The remainder of taxes to come from goods, even luxury services as well.
This way if you work hard enough to cover your rent, put money away to save, and do not want a fancy car, clothes, tv, etc, you can get ahead to retire, grow investments, etc. So later in life you do spend alot more, and therefore government/system gets its taxes back then.
The current system is a joke, unfair, and regardless of the conservative machines like Rush, Hannity, etc, that keep telling you the very top 1% is paying for all of us pathetic poor souls, its bullsh*t.
The top tier pay the top accountants, lawyers, etc to hide it all. Plus they incorporate out of America, though they still wish to pay lobbyists to bride our Congress.
They also use every loophole and write off, backdoor, trick written into the code by the IRS, FOR THE TOP 1%. Look at the tax code and the exemptions, write offs, etc. See if you will ever use any of that terminology or assets in your life.