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1990_0319_packet
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1990_0319_packet
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11/3/2011 3:50:45 PM
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Because of the progressive property tax system, the <br />metropollitan homeowner does not play $2 for every $ 1 paid in <br />the non-metropolitian area but, rather, pays $2.45 (100% <br />more value, 145% more property <br />'The average suburban home in 19910 is valued at $110,000 vs. <br />$4i4,0�O�O for the a,vieriage non-metropolitan home which equates <br />to, 15,0% more va,l,u,e.1 However, the av . erage suburban <br />homeowner does not play $2.50 for every $1 pali-d by a non- <br />metropolitan homeowner but rather $3.68 (150% more value, <br />21168% more tax).l <br />roperty tax syistem creates inequities and <br />The currient pi <br />unfairiness. Ithas, evolved into a complex system that is <br />not unideristoloid by the average taxpayer, thus leading to a <br />lack of aiccountabiality,. A singlie or flat rate system woult <br />be easier to understand and, therefore, enhance <br />accountabiLlity. <br />WbI <br />
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