We determine what your home would sell for if you had to sell in the next 10 minutes, then send you a bill for 10% of that number. But to make it easier to pay we want to take some of it right out of your paycheck via a local income tax so that you never worry about the real cost.
Now I think to be more fair about it we need to do the same with cars, bicycles, and kids wagons to pay for the socialism spending. Anything of value really. Whatever you own you get an annual 10% tax bill on the market value. That way the folks with the most stuff pay the most for other people to have stuff.
Seriously though I think that is one of my biggest oppositions to an appraisal based tax which is really supposed to pay for core government services anyway. Just because your home is more valued than some guy down the street does not mean that the cost of cops, fire protection, or schools is any better for the expense. So it's just an excuse to soak the rich. Or should I say perceived rich, as folks in Miller and Whiting know all too well. When questioning their soaring property tax bills some posters on the old board said just sell your home to someone who can afford them taxes. Remember that?
