Tuesday, October 2, 2007

Another Property Tax Post

The more I think about it, the more I am convinced that Mr. Burdon is incomplete in his argument that we need to focus on the property tax rate.

A 10% property tax cap is plain too high. People's income does not rise by that much money, and to say that they will be able to afford 10% higher taxes because of the future value of their house is to recklessly claim accurate knowledge of future markets, as well as penalizing a smart investment. And expecting politicians to accurately compensate through a lower rate is overly optimistic.

My other issues with property taxes are within the realm of normal spending restraint parameters.

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