Quote from misterno:
Property tax is the best and fairest system to raise funds for a county/city or state's budget as long as it is based on the value of the property.
If the property tax is abolished like in most 3rd world countries, then most funds will be collected from sales tax which is not fair.
I lived in a country where there is no propert tax and the government collects its funds from fundemantal necessities like gas water, cable bill, natural gas and so on. Gasoline is like $10/gal, 1 lbs of ground beef is like again $10/lbs
Because the govt has to collect taxes.
Property tax is a much better system because it is based on the property value thus rich people pay more than poor. Sales tax is stupid and impoverish the poor and enrich the rich. As a result I have seen rich people live in million dollar homes and pay no property tax and poor people were paying 10 dollars for ground beef and 10 dollars for 1 gal of gasoline, 2 dollar for bread because of high sales taxes to make up for no property tax.
Also, people had to pay 1-2-3% of the price of the house whenever they want to register a sale of property, 20 dollars for a form 500 dollars to connect water or electricity to your home. All these astronomical fees because of no property tax.
Property tax is teh fairest best system ever built to collect funds for local governments.
I wish we had property tax back home, there would be no poverty.