facebook
twitter
rss
account
search
search
 

High U.S. property taxes prompting schemes

Feb. 21, 2007 at 6:32 PM   |   Comments

PHOENIX, Feb. 21 (UPI) -- Officials in several U.S. states are looking for ways to help property owners cope with higher property taxes due to rising real estate values.

One approach to the problem involves lowering the amount of public education funding by real estate taxes, Stateline.org reported.

A recent report from the Tax Foundation concluded that nearly half of all states' property taxes go directly to public school funding.

Talk of property-tax cuts has been increasing as the governors of Arkansas, Florida, Maine, Montana, Vermont and Virginia have proposed such measures.

The Arizona communities of Rio Verde and Troon even established a school district to help residents avoid the increased taxes. However, Stateline.org reported, the district has no schools and the residents send their kids to schools in other districts.

Arizona state Sen. Linda Gray has proposed legislation to prohibit communities creating phantom school districts to keep their property tax bills down.

Topics: Linda Gray
© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Lockheed Martin, Roketsan collaborate on F-35 cruise missile Lockheed Martin, Roketsan collaborate on F-35 cruise missile
2
GenDyn UK picks Lockheed Martin for vehicle turrets GenDyn UK picks Lockheed Martin for vehicle turrets
3
Survey: Harvard Law grads earn the most of any grad school in the country Survey: Harvard Law grads earn the most of any grad school in the country
4
China overhauls legal system, at least on paper China overhauls legal system, at least on paper
5
Thailand orders more aircraft from Airbus Helicopters Thailand orders more aircraft from Airbus Helicopters
Trending News
Around the Web
x
Feedback