We were appalled when our property taxes took a 34% leap last year, especially because the governor and the Legislature could have prevented it, but did nothing other than to return a token portion of our prior payments in the form of a rebate. It was good political theater, but pretty pathetic.
Property taxes are a significant burden, and their regressive nature is a serious concern. While we understand the vital role these taxes play in funding essential services like schools and local government, the continued upward pressure on them is unsustainable.
As costs for these services inevitably rise, so too will property taxes, placing an ever-increasing strain on homeowners. It’s clear we need to explore alternative revenue sources that are less regressive and distribute the financial burden more equitably.
Many other tax models exist that are not regressive and also capture revenue from non-property owners. We urge a serious discussion and exploration of these alternatives to alleviate the current pressure on property taxpayers.
You have expressed a desire to address this issue. Hopefully you have acknowledged that property taxes are already much too high and need reduction. Hopefully you understand that simply trying to rein in spending is not going to be an effective long-term approach, and has not been effective in the past. It’s doomed to fail. Spending will continue to rise, forcing taxes ever higher.
Please do your best to come up with effective solutions to this dilemma.
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