Quote:
Originally Posted by sebastian_dangerfield
I don’t think people see them as a wealth tax because they are washed by two things:
1. The more you pay of them, usually, the better your school district, which protects and often increases home value;
2. Until Trump’s bizarre tax bill of last year, whatever you paid in those taxes was repaid to you in the form of a fed tax deduction.
I wonder what effect the SALT limitations of Trump’s bill will have on school districts in states with high property taxes. I suspect a lot of school board members are going to really wish they hadn’t run. Can’t imagine it will be easy to raise property taxes anymore. On the positive side, it’ll probably cause boards to examine budgets more closely and spend with more of an eye toward value. As opposed to just building massive new facilities (subsidies for their builder and engineer constituents) and doing little to attract and keep talented teachers and upgrade courses.
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Property taxes are a terrible, inequitable and, ultimately, racist way to fund schools so if it causes a move to different forms of funding, that might be a silver lining in otherwise bad policy.
