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The New DU. Reply #24: I have a different problem with property taxes.
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trogdor
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Tue Aug-12-03 04:27 PM
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| 24. I have a different problem with property taxes. |
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It allows disparities between communities. I believe this was addressed in Savage Inequalities, and Chris Rock also said it.
It can also be highly regressive. A home in a poor neighborhood full of low-value homes must be taxed more heavily to generate the same (or less) revenue than one in a rich neighborhood with a smaller number of McMansions. Thus, the working poor who own their own homes tend to get hammered big time with property taxes.
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