Ell, I would suggest expanding on your proposal. You have only suggested a very basic summary statement, but nothing else. Also, you stated “keep paying for it in the form of property taxes,” but that is not what property taxes are doing. Have you looked at all of the things that your property taxes pay for? Mostly things that you would utilize in your community (i.e., school district, library, park district, forest preserve). If you end property taxes, the funding for those items would go away and also those services.
Now, let me be clear, I have not said that property taxes are the proper method for funding those things, but only that if you do away with them, you may benefit in one area, but suffer in others.
Let me expand on one area, funding for school districts. About roughly 75% of my property taxes go towards funding the school district in my area. I have 3 kids and have put all 3 of my kids through the schools in my district (last kid is a Jr.). My property taxes paid for that. Now, one of the things I have been thinking about is why do our property taxes pay for the school district? It seems that it isn’t fair since the property taxes are going to pay for other kid’s education as well as our own. Also, what about the people who don’t have any kids in the school district? Their money is taken to pay for other people’s kids to go to school? The pro of this would be that if the children in the local community get a good education, then that will make for a better overall community. Those in the community with less funds are helped by the rest of the community to educate their children so there aren’t those who are left out and again improves the whole community.
Again, I am not saying that I agree that is the best system. I think we need to start discussing other alternatives to the existing way property taxes are utilized. If they are reduced substantially, then the members of a community will have other expenses. If the library isn’t funded by property taxes, then people may have to start paying for a membership. Is that a bad thing? Not necessarily.
There is way more to discuss I think on this topic and I won’t solve it here in one post. However, after reading many of the replies below, I think we first need to go back and really understand why the property tax system was created in the first place to fund community services and then discuss ways to tweak it, change it or eliminate it. Then we need to come up with other alternatives.
We’ll never fix property taxes by just complaining about them. We need solutions. Ell, if I was your boss at a company and you came to me with this issue, my response would be “That may be true, but what would you do to fix it?”