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Now that you have an appreciation for the government's need of property tax revenue, as well as an understanding of the taxpayer's side, complete the
Now that you have an appreciation for the government's need of property tax revenue, as well as an understanding of the taxpayer's side, complete the following questions: Do you have a recommendation as to how the government could more equitably assess property taxes? Consider the best way your recommendation could be implemented, keeping in mind the government's need to plan for budgeting, and the best way to maintain the revenue streams. Discuss how the revenue stream may be made up if the revenues from property taxes have to be decreased. Do you think the government will increase the tax percentage or increase taxes in another area in order to compensate
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