Why Uncle Sam Needs Your Property Taxes
A new analysis shows that cash-strapped state and local governments have increasingly come to depend on property taxes to fill revenue shortfalls as other sources of income soured.
Though not an unexpected trend during economic downturns, the reliance on property taxes has lasted well beyond the end of the recession of 2001. Economists say it is has been of greater depth, and likely will have more lasting consequences, than it did during prior downturns.
Read Article on this By RAY A. SMITH Staff Reporter of The Wall Street Journal
