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<blockquote data-quote="eyexer" data-source="post: 357271" data-attributes="member: 315"><p>It’s really not complicated. The formula for property taxes all stays the same. The only difference would be the source of funds. So instead of sending the tax bill to the home owners they send it to the state and the state pays it. If the state pays the taxes the county will have to be able to answer as to why they had to raise taxes. A lot tougher to argue to the state about that then just telling tax payers to mind their own business. If the common school land trust was used for education like it was intended property taxes would be a minimum of 50% less immediately. The common school land trust has over 5 billion of my memory serves me. And is growing at a fairly rapid pace. So I’m reality we would only be talking about replacing roughly 50% of current property taxes then. By only changing the source of the funding, if twenty or thirty years from now the citizens decided we needed to reinstate property taxes it would be very easy to do</p></blockquote><p></p>
[QUOTE="eyexer, post: 357271, member: 315"] It’s really not complicated. The formula for property taxes all stays the same. The only difference would be the source of funds. So instead of sending the tax bill to the home owners they send it to the state and the state pays it. If the state pays the taxes the county will have to be able to answer as to why they had to raise taxes. A lot tougher to argue to the state about that then just telling tax payers to mind their own business. If the common school land trust was used for education like it was intended property taxes would be a minimum of 50% less immediately. The common school land trust has over 5 billion of my memory serves me. And is growing at a fairly rapid pace. So I’m reality we would only be talking about replacing roughly 50% of current property taxes then. By only changing the source of the funding, if twenty or thirty years from now the citizens decided we needed to reinstate property taxes it would be very easy to do [/QUOTE]
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