Boosting property taxes causes more pain
Say you’re a homeowner and you’ve watched as your house has gradually lost value during the residential real estate slump. Say you’re suffering every time you have to fill up your car with gasoline that’s constantly getting pricier. At the grocery store, everything, it seems, is more expensive. Then there’s your job; You’re wondering how long it’s going to be around.
Well, if you’re not stressed enough, what if some government official decided that it’s time to raise your property taxes?
Surprisingly enough, in this severe housing downturn, several governments across the country are proposing increases in homeowners’ property tax rates. You can read about it here in this story by writer Conor Dougherty for the Wall Street Journal online.
Why would governments make this questionable move? Because they’re facing their own budget gaps.
But still … Does anything prove how hopelessly out of touch so many governmental bodies are than proposing property tax increases when so many homeowners are already struggling to pay their bills and avoid foreclosure? I always thought the government existed to help people, not to continually gouge them.
If you’re a government official staring at a budget shortfall, find some other way to reduce it. Here’s a suggestion: Cut your salary. Cut the salary of the people who shuffle papers for you all day. Heck, cut some of your employees. So many governmental bodies are bloated and efficient. There has to be some room for cutting.
Any government official that proposes a property tax increase during these challenging economic times deserves to be voted out of enough — quickly.
Tags: property taxes, rising property taxes, Wall Street JournalRelated Stories
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