Originally Posted by DuffMan
So, I think reliance on property taxes is not long-term sustainable.
what's your definition of long term? :tonka: it's been in place (admitedly revised) for roughly as long as the state has existed. it's also a commonly used ad-valorem tax in virtually every state in the union.
(many also levy "property" or "use" taxes on your personal belongings, furniture, and even intangible's taxes on the value of any stocks/bonds/patents that you may own)