1) It was caused by mismanagement by the State Legislature and Ron Reagan. In 1967 he said, “Taxes should hurt”.
2) Property tax funds many things besides schools. Some of the longest time property owners (LTPO) are also the most needy and demanding of local servcies.
3) The artifically low assesed values of the LTPO’s reduces their liability to pay for new bonds and assesments, yet they have the same voting power to approve those new bonds.
4) Paying the fair share of property tax should be condidered a basic owner’s expense. When the owner cannot afford the expense, they should move. I have observed many, many large homes occupied by LTOP’s empty nesters. These houses should be filled with childeren, not the elerly waiting to die. Why should the rest of us subsidize them to live in a big house they don’t need anymore.
