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<blockquote data-quote="eyexer" data-source="post: 357379" data-attributes="member: 315"><p>I’ll break this down more. Look at your property tax statement.&nbsp; It tells you how much goes to the school district.&nbsp; Well that much would be paid each year from the land trust.&nbsp; For simplicity it’s roughly half of your tax bill.&nbsp; So, that much of your tax bill is take care of.&nbsp; Now let’s look at the other half of the tax statement. All that money could easily be funded via the dozens of funds the state has. One example being the legacy fund, simply because it’s the most commonly known account. But there’s dozens.&nbsp; You could wipe out the remaining 50% of property taxes via these funds.&nbsp; Now, that being said, the legislature will ultimately decide how to replace that money.&nbsp; They can do an unlimited number of things. From sales tax increases to anything you can imagine using.&nbsp; Now the thing to remember is we only need to end property taxes on one’s primary residence. Not secondary residences nor commercial. Commercial makes up an enormous part of the property tax structure.&nbsp; And no reason to end property taxes on farm land either.&nbsp; That’s a business.&nbsp; We are simply talking about being able to own one’s home free and clear without government having their foot in the door.&nbsp; So when you exclude ending property taxes on these other things I mentioned it isn’t that much in the overall scheme of things in comparison to the absurd amount of money the state takes in.&nbsp; Don’t complicate this. Nothing will change but the funding source.&nbsp; Counties will still do what counties do in regards to valuations etc. they will simply send the property tax statement to the state.&nbsp; Now the state can contest the tax increases just like we are allowed to do.&nbsp; No different.</p></blockquote><p></p>

[QUOTE="eyexer, post: 357379, member: 315"] I’ll break this down more. Look at your property tax statement. It tells you how much goes to the school district. Well that much would be paid each year from the land trust. For simplicity it’s roughly half of your tax bill. So, that much of your tax bill is take care of. Now let’s look at the other half of the tax statement. All that money could easily be funded via the dozens of funds the state has. One example being the legacy fund, simply because it’s the most commonly known account. But there’s dozens. You could wipe out the remaining 50% of property taxes via these funds. Now, that being said, the legislature will ultimately decide how to replace that money. They can do an unlimited number of things. From sales tax increases to anything you can imagine using. Now the thing to remember is we only need to end property taxes on one’s primary residence. Not secondary residences nor commercial. Commercial makes up an enormous part of the property tax structure. And no reason to end property taxes on farm land either. That’s a business. We are simply talking about being able to own one’s home free and clear without government having their foot in the door. So when you exclude ending property taxes on these other things I mentioned it isn’t that much in the overall scheme of things in comparison to the absurd amount of money the state takes in. Don’t complicate this. Nothing will change but the funding source. Counties will still do what counties do in regards to valuations etc. they will simply send the property tax statement to the state. Now the state can contest the tax increases just like we are allowed to do. No different. [/QUOTE]

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