Property Tax Cuts Can Create Hidden Costs for Homeowners and Renters

We can at least say this of last Tuesday: It was a great day for homeowners upset over their . Across five states, voters approved seven ballot measures to directly reduce or otherwise limit local taxes on different kinds of property. Conservatives, instinctively anti-tax in almost every instance, cheered these initiatives.

Yet nuance is needed. Given that taxation is the necessary price of government, conservatives have long accepted that some taxes are better than others. Likewise, some kinds of property taxes are preferable to others, and therefore, not all cuts to property taxes are created equal. Some may even be worse than the status quo.

We can at least say this of last Tuesday: It was a great day for homeowners upset over their . Across five states, voters approved seven ballot measures to directly reduce or otherwise limit local taxes on different kinds of property. Conservatives, instinctively anti-tax in almost every instance, cheered these initiatives.

Yet nuance is needed. Given that taxation is the necessary price of government, conservatives have long accepted that some taxes are better than others. Likewise, some kinds of property taxes are preferable to others, and therefore, not all cuts to property taxes are created equal. Some may even be worse than the status quo.