Most local governments in the United States impose a property tax as a principal source of revenue. This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property times an assessment ratio times a tax rate. Values are determined by local officials, and may be disputed by property owners. A primary advantage of a property tax over a sales tax or income tax is that the revenue always equals the tax levy, unlike the other taxes, which can result in shortfalls producing budget deficits. The property tax always produces the required revenue for municipalities' tax levies. Property owners, especially seniors, believe the tax is unfair and does not represent the owner's ability to pay.
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@7PTCG384yrs4Y
No, sales taxes fall most heavily on those least able to pay, and property taxes should be restructured to a sliding scale based on property value
@7PTCG384yrs4Y
No, sales taxes are regressive and fall most heavily on low income individuals. Property taxes should be restructured to rates on a sliding scale based on property value
@7PTCG384yrs4Y
No, property taxes should be restructured instead to sliding scale rates based on property value.
@7PTCG384yrs4Y
No, sales taxes are regressive and most affect the poor and middle-class.
@7PTCG384yrs4Y
No, sales taxes are regressive and most affect the poor and middle-class, and property taxes do not reflect the owner's ability to pay. Enact progressive taxation on all capital gains and unearned income instead.
@7PTCG384yrs4Y
No, sales taxes are regressive and most affect the poor and middle-class, and property taxes do not reflect the owner's ability to pay. Enact progressive taxation on all capital gains and unearned income instead
@7PTCG384yrs4Y
No, sales taxes are regressive and fall most heavily on those least able to pay, and property taxes should be restructured to a sliding scale similar to an equitable income tax rate based on property value.
@7PTCG384yrs4Y
No, sales taxes are regressive and fall most heavily on those least able to pay, and property taxes should be restructured to a sliding scale similar to an equitable income tax rate based on property value
@7PTCG383yrs3Y
No, restructure property taxes to rates on a sliding scale based on property value
@7PTCG383yrs3Y
No, sales taxes fall disproportionately on lower and middle-income citizens. Restructure property taxes to rates on a sliding scale based on property value
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