Reply to North Dakota Ballot Measure to get rid of Property Tax

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I generally agree that property taxes are bad overall, as they tend to be utilized for richer areas to support more local services and thus not spread the tax revenue more widely.

But doing something like this without a connected income tax increase to balance out the revenue is insane.

Michigan significantly reduced local property taxes 30 years ago and increased income taxes by 50% at the same time to balance it out.

https://www.canr.msu.edu/news/a_refresher_on_proposal_a_and_local_property_taxes[/quote]

Yup!  The money for services has to come from somewhere.  IMO, property taxes ensure (in most states) that your local schools are well funded (because you are paying for your local schools with PT) as well as police, library, fire, and other important services every one needs (and for schools you are paying for the benefit of society as a whole).  
You can choose what type of home to live in and how much to spend (and consequently how much PT to be paying).  If you don't like higher taxes, you are free to move to a smaller home.  
I like that better than just increasing income taxes (or having any income tax at state level at all)
[/quote]

The downside of this is if property taxes are high and there are no state income taxes, then the elderly are hit hard when they retire and have no or much income. So they continue to pay high property taxes. I would rather see lower property taxes along with state income taxes so that when people no longer have as much or much income, they are not penalized. [/quote]

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