[reboog711]

Where I live; in northeastern US my assets are taxed. Personal assets such as my home and car are taxed on a yearly basis.

As are business assets, which includes everything from the desk I'm sitting at; the chair I'm sitting on; to the computer I'm using.

Disposable supplies, such as paperclips, are not taxed but once a year I have to fill out paperwork--roughly a 10 page document--to pass onto my local government declaring said assets.