But limits on property taxes
are only one part of the story of the decline in the property tax's role in local government.
Priest, affluent property owners can all too easily be tempted to take part in revolts against increases in property taxes
when such revenues are suddenly diverted to pay for schools in other districts.
Despite these limitations, most interstate property tax comparisons divide state and local property tax collections by state personal income as a rough measure of the relative level of property taxes
within a state.
Described by The New York Times as "the nation's most dramatic shift in a century" in public-school funding, the new plan essentially transfers the burden of paying for schools in Michigan away from local property taxes
to an increased state sales tax and other existing levies.
By 1991 (the last year for which statistics are available), property taxes
were back up to 3.
RPC also offers full assessment appeal and audit representation for Personal Property Taxes
Before Measure 5, property taxes
were limited only by voters' willingness to approve them.
It called for a 25 percent decrease in property taxes
, a relief of $2.
For every dollar spent on the program in the county, nearly $15 in property taxes
12 indicates little has been done to address the distortions in Ontario's property tax system and small businesses are shouldering the greatest burden for property taxes
Mississippi's New Industrial Enterprise Exemption (11) permits its local governments to obtain permission from the State Tax Commission to offer up to 10-year exemptions from certain types of property taxes
(other than state-mandated or school-related) for personal property used in new warehouses, distribution centers, manufacturers, research facilities, corporate headquarters, and other specifically enumerated businesses.
Similarly, property taxes
improve the accuracy with which the wealth of senior citizens -- whose assets tend to dramatically outweigh their cash incomes -- can be taxed.