VI News Staff 5 months ago
VINStaff Verified #usnews

In some states, a push to end all property taxes for homeowners

It is a goal spreading among anti-tax crusaders — eliminate all property taxes on homeowners.

Rising property values have inflated tax bills in many states, but ending all homeowner taxes would cost billions or even tens of billions in most states. It is unclear if lawmakers can pull it off without harming schools and local governments that rely on the taxes to provide services.

Officials in North Dakota say they are on their way, using state oil money. Wednesday, Republicans in the Georgia House unveiled a complex effort to phase out homeowner property taxes by 2032. In Florida, GOP Gov. Ron DeSantis says that is his goal, with lawmakers currently considering phasing out nonschool property taxes on homeowners over 10 years. And in Texas, Republican Gov. Greg Abbott says he wants to eliminate property taxes for schools.

Republicans are echoing those who say taxes, especially when the taxman can seize a house for nonpayment, mean no one truly owns property.



READ MORE:

U.S. VIRGIN ISLANDS WEATHER

US employers pulled back on hiring in October, adding 150,000 jobs

VI News Staff
2 years ago

Lawmakers Take Aim at FEMA After Learning 80 Percent of Hurricane-Dama...

VI News Staff
4 years ago

Gunfire erupts at Frederiksted Fish Market; ‘multiple’ victims shot, i...

VI News Staff
1 year ago

Grenadians urged to avoid COVID for Christmas

VI News Staff
4 years ago

‘Powerless and angry’: Venezuelans react to roll-back of deportation p...

VI News Staff
1 year ago