Of course, the macroeconomic effect of retiree property tax breaks is higher taxes for working people.
Considering the fact that the tax breaks are often for those that have already given much (disabled veterans, seniors with no kids in local schools), it seems a fair trade off.
Few of these programs have any kind of “asset test” on wealth.
Ya, cause they’re property taxes and not a wealth tax. If a state wants to tax wealth, they are certainly welcome to do so but a person should not have to pay more for the same acre of property simply because they might have more money in the bank.
This is another program where you can capitalize on the ignorance and innumeracy of the average voter
Oh good grief. So should a person pay a higher sales tax for the same gallon of milk simply because they might have more in their fidelity account than the person standing behind them?