September 8, 2006
At least 10 states have cut property taxes this year - cloak and mirrors?
At least 10 states have cut property taxes this year or are preparing to do so according to US News Today.
Property taxes rise and fall along with the vagaries of the real estate market because property taxes are pegged to current market values.
As rising assessments pump up treasuries during real estate bubbles, local governments institute hidden tax increases, profiting by the trend and getting addicted to runaway spending in the process. New state cars, better pay, extra secretaries, new duties, new frills … all to serve you better. Or NOT!
They want to take our money to give us what they think we need. That kind of communistic thinking is one of the roots of big spending. Patch the roads, go after criminals and give us our allotment of 9 or 10 thousand dollars so we can send our kids to the schools we choose. Government needs to know we have our own free will and we don't need their inflated pampering bought by our high taxes.
States are raising other taxes, (since hardly any one has the guts to cut spending or trim entitlements to government employees) especially the sales tax, and spending budget surpluses to replace lost property tax revenue. That makes the trend more of a tax shift than a net tax cut.














