High Property Taxes Driving A New Revolt

Several states are eyeing moves to cap tax growth after property values have soared.

1 minute read

March 8, 2006, 1:00 PM PST

"Welcome to the flip side of the real estate boom. Years of rising home values have boosted property taxes steadily. Now, homeowners across the United States are fighting back.

...This year, legislative proposals, citizen initiatives, and lawsuits are on the agenda in at least 20 states. These new efforts reflect both residents' distrust of how their property tax dollars are being spent and concerns that rising assessments are driving working-class people out of popular towns and cities.

...Assessments can vary according to a community's affluence and aesthetics, such as views of mountains or lakes. Tom Thomson, leader of the 'Ax the View Tax' movement in New Hampshire, objects to taxing people on intangible qualities such as a view."

FULL STORY: High property taxes driving a new revolt

Wednesday, March 8, 2006 in The Christian Science Monitor

Government / Politics United States

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