An article today in Governing Magazine discusses teh cyclical nature of property taxes, and reaches an impression familiar to Maryland local governments:
As soon as the Great Recession started, states and localities felt it: Income and sales tax receipts plunged. Yet the downslide may have hit bottom. There are signs that those collections are starting to inch back up — not with any real vigor but at least with more positive hills than negative valleys. Property taxes, however, may not see any real growth for a long time.
Further on, the author receives comments from Chris Hoene, director of the Center for Research and Innovation at the National League of Cities, on the property tax as “the most hated tax of all.”
