A recent Fed working paper happily points out that even as other sources of municipal tax revenue have plummeted, property taxes have held fairly steady, and the authors expect that to continue. Unfortunately, their optimistic prediction ignores the bigger picture.
Continue reading The Coming Property Tax Cliff Means More Bad News for Municipal Finances
The Coming Property Tax Cliff Means More Bad News for Municipal Finances originally appeared on DailyFinance on Mon, 29 Nov 2010 15:00:00.
Filed Under: Economy, Real Estate, Taxes