Property taxes soar — what can you do about it?

Property taxes are heading for the sky.

The exact environment that created Proposition 13 in California is going on now. But now it’s everywhere in the US not just California.

• Housing prices peaked as they did at this time in California.
• Assessments soared based upon higher property values.
• Local governments geared up their expenses.

And now, even the 1/3 of folks who own free and clear face crippling taxes. They are no longer delighted to pay enormous $500 or $1000 property tax bills every month, equivalent (or more than) what their mortgage payment used to be!

Now I expect a huge property tax revolt everywhere. Arnold is dreaming…the bulk of the middle class are not going to stand for it.
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