Wednesday, January 24, 2007
Why the Democrats' property tax "reform" won't work
We have said many times already that to achieve true property tax reform, the state must first reform the entities that survive on property taxes (counties, municipalities and school districts). Rebates and credits are not reform.Case in point: As the Democrats in control in the state Legislature and the Governor's office attempt to create a property tax rebate of up to 20%, Union County is, for the seventh year in a row, raising their tax rate. This year the rate is going up 5.7%, with the average homeowner's bill climbing to $1,367, from $1,298. If this proposed increase is approved, the county portion of Union County residents' property tax bills will have jumped 56%, or roughly $490, since 2000.
Labels: property tax reform
