Have you ever heard the claim that if you bury a loved one in your backyard, your house becomes zoned as a cemetery, allowing you to avoid property taxes, HOA fees, and any government oversight? The rumor goes further, suggesting that your house becomes a tax-free zone for any upgrades and that banks can no longer foreclose on your property. This idea of supposed 'generational wealth' is intriguing, to say the least.
The Truth Behind the Tale
Let's dive into the reality:
- Cemeteries do have certain tax advantages. However, these are specific to properties that are specifically designated and approved as cemeteries by the proper authorities.
- There is a grain of truth in needing permission to bury someone on your property, but it does not automatically make your home a fully-fledged cemetery in legal terms.
- Designating your property as a cemetery involves complex legal processes, and it does not automatically bypass existing property taxes or housing regulations.
- Living in such a zoned area would mean justifying your residence within a cemetery, which is a scenario far from advantageous.
Conclusion
This myth is indeed false. Please, for the love of sound financial and legal planning, do not attempt to exploit this urban legend. When in doubt about property taxes and legal matters, always consult with legal professionals.
Full Transcript
Did you know that if you vary a loved one in your backyard that your house now is zoned as a cemetery and you no longer owe property taxes as well as you're no longer part of any HOA or any government anything your house is a write-off you do it's tax-free on any upgrades to your house and they can never take your house after that generational wealth it doesn't matter if you default on your mortgage or anything like that they can never take your house from you ever. Alright this is totally false please don't do this so here's what is true it is true that cemeteries have tax advantages and there is an element of truth if you get permission but that doesn't necessarily make your home a part of the cemetery and if it did that means you have to justify why you're living in a cemetery and it's not your home it's a cemetery yeah this is definitely not legit.
