A new US property-tax revolt has grown, with some states pushing to eliminate all or nearly all property taxes.
The backlash followed rapid home-price gains, since higher values often translate into higher property-tax bills for homeowners.
Property taxes supply ~3/4 of local tax revenue; ending them could force much higher sales taxes in some places.
Shifting revenue to state-level taxes could centralize finances, weaken local pro-growth incentives, and restrict housing development.
Instead of abolition, reforms include levy limits and changes to school-funding rules to curb increases while keeping benefits.
I’m seeing a renewed push to roll back property taxes, driven by rising home values and bigger bills. But eliminating them can backfire, so the focus is shifting toward targeted reforms that limit growth in taxes.
