While increasing property tax rates for out of state landowners sounds good, I can't support ANY property tax for US citizens.
My issue is more with foreign nationals buying property in America. The PNW is slap full of Chinese that are hiding money over here and snatching up property left and right. It's had a pretty big impact on home values out here. Nice for me and others that got in during the recession, but other young folk are fugged.
How much of Texas is owned by foreigners? Montana?
Non-citizens should not be allowed to own any property in the U.S. I couldn't agree more.
You are right, in that property taxes are abhorrent and I'd like to see them abolished too. You never really own it if the government can take it back for failure to pay taxes. My post was simply an idea to work within the framework that already exists to quell a problem. And though it's a view I genuinely hold, I thought maybe it'd poke some eyes.
