Real estate and property tax

Tax

Providing Equitable Property Tax Relief

Adopting good property tax reform is not easy. 72.9 percent of local government tax revenues were made up of property taxes over 2000-2001 alone. Most owner discontent is that they are assessed based on increasing market values, sometimes exponential increases, instead of the fairer option for an owner to pay a set percentage over what was paid in the prior year. The discontent has owners forming property tax relief organizations and making ardent speeches to foster membership.

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Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
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