These 4 States Might Eliminate Property Taxes

"Property taxes are the greatest contributor to revenue for local governments, providing essential funds for things like schools, roads, and fire prevention. But they’re also a huge pain.

For one, they’re complicated to calculate, relying on imperfect property assessments and confusing metrics like mill levies, or “mills,” which represent one dollar of every $1,000 in assessed property value.

Worst of all, property taxes have put undue strain on many household budgets, skyrocketing alongside the record home appreciation of the past five years."

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