Our Thoughts

The Inevitable, Indispensable Property Tax

In the Economic View section of the July 5th edition of the New York Times, Josh Barro wrote an informative and educational piece on the property tax.   He makes the case that property taxes are the best way for governments to collect revenue without hurting the economy too much.  “The main way that taxes harm the economy is by causing people to change their behavior.  Raising the income tax can cause people to work less; a higher sales tax can make people spend less.  But the only way to avoid a property tax increase is to sell your property, and even then, you have to find a buyer who’s willing to take on the tax burden you’re giving up.”  Subscribers to the New York Times may continue reading here.