If you compare property taxes to income taxes of another state it really boils down to the same percentages. The only reason I'm OK with property taxes over income taxes is that it's the people that can afford it are the ones paying the taxes, not the poorest that don't have enough to own a house. On the flip side of it, renters end up paying higher rent when property taxes go up. Economics is complicated.....
Several years ago, Dan Patrick made a decent point in favor of having an income tax replace property taxes: if you lose your job, you lower your income tax payments, but you'd be stuck with paying the full property tax.
If you compare property taxes to income taxes of another state it really boils down to the same percentages. The only reason I'm OK with property taxes over income taxes is that it's the people that can afford it are the ones paying the taxes, not the poorest that don't have enough to own a house. On the flip side of it, renters end up paying higher rent when property taxes go up. Economics is complicated.....
Found the commie.
Economics is simple: TANSTAAFL and stop stealing.
Several years ago, Dan Patrick made a decent point in favor of having an income tax replace property taxes: if you lose your job, you lower your income tax payments, but you'd be stuck with paying the full property tax.