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property taxNewsweek
•Business
Business & Economics
81% Informative
Four states, including Florida , Illinois , Kansas and Pennsylvania , have plans to eliminate property taxes entirely.
Others, including Texas and Montana , are trying to significantly reduce them.
The movement to reduce property taxes is "largely a response to the run-up in house prices, particularly in the suburbs and exurbs," expert says.
Tax professionals and business executives expect to see their federal tax bills to be cut with an extension of the Trump tax cuts.
Eliminating property taxes would force state and local governments to make tough decisions about what programs to cut funding from.
Replacing property taxes with state sales taxes would make the tax system much more regressive and reduce the degree to which local governments are responsible for producing their own revenue.
VR Score
85
Informative language
85
Neutral language
51
Article tone
informal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
14
Source diversity
2
Affiliate links
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