No. Unless one has obtained the allodial title and land patent, property tax follows the property, regardless of what entity owns it, in every country. Regarding income tax, when the NLT is operated as a pass-through entity, it becomes an exception to income tax, and in the US, clients are encouraged to research trust deposits as Lawful Money. The type of protection offered by the NLT to real estate ownership is based on proper trust setup and trust administration over time (2 years to solidify property in trust, personal or real) that the trust assets gain protection from vulnerability to judgment or lien meant to satisfy the personal liabilities of any of the trust officers or grantor.