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The general consensus for abolishing property taxes is to be able to fully own your own home and now be under the thumb of government with it. Farmers that live on their farms currently don’t pay property taxes on their homesteads. Most people don’t know or remember that. So they’ve already had that privilege forever. Land is a source of income and should continue to collect property taxes just like commercial property. If I had it my way there would be no property taxes of any kind. But it would be a tough sell. This would be a perfect compromise. Tillable land isn’t assessed that much property taxation when you look at the income it brings in. Very small potatoes compared to multi million dollar commercial structures.

[QUOTE="eyexer, post: 357395, member: 315"] The general consensus for abolishing property taxes is to be able to fully own your own home and now be under the thumb of government with it. Farmers that live on their farms currently don’t pay property taxes on their homesteads. Most people don’t know or remember that. So they’ve already had that privilege forever. Land is a source of income and should continue to collect property taxes just like commercial property. If I had it my way there would be no property taxes of any kind. But it would be a tough sell. This would be a perfect compromise. Tillable land isn’t assessed that much property taxation when you look at the income it brings in. Very small potatoes compared to multi million dollar commercial structures. [/QUOTE]

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