A CONSUMPTION TAX ON PROPERTY TO REPLACE PROPERTY TAXES...IS IT POSSIBLE?

I believe there is a way that provides the government the revenue it needs while protecting the ownership of our homes. A consumption tax at the time of the home sale.

Every year, the government presents us a bill for our property taxes. Even if we already own our home, we must pay the bill.

Property taxes will always be with us. That’s because by law, all Tax Entities in the County (currently there are 44) are guaranteed the prior year’s property tax revenue regardless of overall property values. This means when property values change, there is neither an increase nor decrease to their budget. The tax entities get at least what they got last year. There is no zero-based budgeting…Perhaps something to consider.

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