Tuesday, April 18, 2006

Just let it stay in committee, please...

There is an Assembly Joint Resolution out there proposing a constitutional amendment that would allow principal residences to be treated differently than other property when it comes to determining property tax bills. No doubt the Democratic sponsors meant for homes to be assessed at a lower rate than other property, but the history of the last 20 years shows the opposite outcome is more likely. Homeowners have been stuck with an increasing share of the property tax burden; it's been shrinking for businesses. A constitutional amendment could have the unfortunate consequence of creating another way to make sure home owners pay more than their fair share.

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