Red States Are Racing to Roll Back Property Taxes

Wall Street Journal: “North Carolina, Wyoming, Florida and Oklahoma all have some kind of property-tax limit or rollback on the ballot this November. This follows bills passed in more than 10 states since early last year, including Iowa and Georgia recently, aimed at hemming in a growing source of frustration for many homeowners. Lawmakers in yet more states are debating the issue.”

“The ballots and bills are largely coming in Republican-led states, in some cases as part of political platforms in state-level races. The rollbacks are generating pushback from local government officials who say they will lose vital revenue needed for everything from schools to paying firefighters.”