"While a proposal to eliminate or cap the property tax is surely appealing to homeowners and other property owners, voters should think about these proposals from a cost-benefit framework. The cost of property taxes is ideally offset by the benefit of the services provided by those taxes."
"Many of these services, such as libraries, public schools, public safety services, local road maintenance, and parks and recreation facilities are beneficial to property owners. In the absence of property tax revenue to support these services, governments would have to levy other taxes, such as sales or income taxes, or fees to provide funding or cut back on these services."
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