Property tax: economic effects
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Discuss the economic effects of the property tax. Consider the fairness, purpose, and use of the tax. Provide appropriate examples.
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The solution provides insight and guidance in understanding the economic effects of property tax. Examples are included in the discussion.
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Property are one of the contentious issues at the local level of government. Since they fund everything from the services, payroll, facilities, and government officials and equipment to the schools to the fire/police/rescue/landfill services, they are an important tax. People complain about the assessments that the taxes are based on. They complain because they do not like to fund the new developments' needs such as roads, and they do not like to fix the roads in areas they do not live. They do not like ...
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