Wednesday, April 20, 2005

Gallup Poll: Property Tax is most unfair

A recent Gallup poll asked the question, "Of all the taxes you pay at the federal, state, and local level, which one do you perceive to be most unfair?" A majority of responses found that local property tax is the worst.

This is true for several reasons. First, because a neighborhood with appreciating home prices will in turn, cause property tax to increase. Secondly, as federal and state aid to local governments and schools dwindled between 2002 and 2004, local property tax increased.

Most people would perceive property tax to be most unfair because increases come in sharp jumps, not in slow drips like income and sales tax.

This poll is very interesting, because as college students, property tax is probably not something we pay much attention to. However, in the next few years, we may ourselves have to deal with this tax, and it sounds like we'll probably agree that it isn't very fair.

No comments: