Property taxes should be equitable.
Property tax relief should be equitable, cost-effective, and targeted to homeowners with low and moderate incomes burdened by their property tax bill.
Prior to finalizing annual budget decisions, localities should inform taxpayers of the property tax rate required to maintain revenues at the same level as the prior year.
The primary sources of government revenue are income, sales, and property taxes.
Two federal programs help states provide a broad range of social services important to older adults.
There is an increasing interest in taxes on energy consumption.
Policymakers should take action to raise revenues, promote energy conservation, and reduce climate change.
The mainstay of local taxation is the tax on real estate, known as the property tax. It is used to fund an array of critical state and local services, most notably public schools.
States should adequately fund and broaden their methods of financing public education. Education financing should be shifted from property taxes to less regressive forms of taxation.
States should generally avoid arbitrary limitations on property taxes.