The Property Tax Fraud That Will Crash The System

Link: https://youtu.be/TdYHbhT6524Briefing Document: Property Tax Fraud and Impending Financial CrisisSubject: Review of Allegations Regarding Massive Property Tax Fraud and its Systemic ImpactSource: Excerpts from "Massive Property Tax Fraud Exposed - $5.1 Trillion Bond Scam Will Crash System" featuring Mitch Vexler, whistleblower and real estate developer.This briefing document outlines an alleged massive, nationwide property tax fraud and bond scam, totaling an estimated $5.1 trillion conservatively, potentially reaching $17 trillion, as exposed by whistleblower Mitch Vexler. Vexler, an experienced real estate developer with a background in statistical probability and quantitative finance, asserts that home appraisers, under the direction of school districts and central appraisal districts (CADs), have systematically inflated property values far beyond actual market appreciation and inflation rates. This overvaluation has led to exorbitant property tax bills, fueled trillions in school bond debt, and is allegedly in direct violation of the US Constitution (specifically the 16th Amendment regarding unrealized gains), state constitutions (e.g., Texas's "uniform and equal" clause), and professional appraisal standards (USPAP).The fraud is described as a "ticking time bomb" that could lead to a financial crisis far worse than the 2008 crash, potentially resulting in 42 million households (approximately 37.8% of the US household population) facing bankruptcy or loss of their homes. Investigations are reportedly underway with the SEC, FBI, DOJ, and potentially the US Postal Service for mail fraud. Vexler advocates for a "controlled demolition" through the repeal of property taxes in favor of a uniform state sales tax to mitigate the catastrophic consequences.Inflated Appraisals: Home appraisers are allegedly inflating property values to significantly increase property taxes. Vexler cites a "30% jump" from 2018-2019, contrasting it sharply with an actual inflation rate of 2.7%. He states, "2018 to 2019 30% jump based on what where's the inflation it was 2.7% 1 2 3 4 5 Five years compound cumulative fraud on the overvaluation of the real estate."Constitutional Violations: The practice is deemed illegal and unconstitutional. Vexler argues that "the 16th amendment is clear you can only tax an income you cannot tax an unrealized gain," and "market value is an unrealized gain." He asserts, "the states have done something completely in violation of the US Constitution period end of paragraph."Texas Constitution & USPAP Violations: In Texas, the "uniform and equal" clause requires properties of similar value to be taxed equally, and the "property must be valued at the lower value." This is allegedly violated by overvaluing properties. Furthermore, central appraisal districts (CADs) are reportedly not adhering to Uniform Standards of Professional Appraisal Practice (USPAP), a federal and Canadian standard, proving "irrefutably they do not adhere to USPA[P]."Manipulation of Property Data: CADs reportedly "manipulate the effective age of a property" on "property cards" to "increase the value," without property owners' knowledge.Hosted by Ausha. See ausha.co/privacy-policy for more information.