New Property Tax Revolt Recreates Spirit of Prop 13

We predicted it on these pages many months ago. The sleeper issue of 2024 was citizen rage over rising property taxes. We may have been right. Voters in eight states passed property tax cuts last week.

These were red and blue states, including  Arizona, Florida, Georgia, New Mexico, Virginia, and Wyoming.  Colorado’s legislature also agreed to cut property taxes as part of a deal to withdraw two more stringent cuts.

The famous 1978 Proposition 13 in California chopped property taxes by 30%. Many states followed in the years that followed.

Property taxes also were a key factor in several candidates’ winning. Vermont’s leftist Lieutenant Governor went down to defeat in the most pro-Kamala (64%) state in the country. A big reason was that the former Vermont Governor Peter Shumlin endorsed his opponent, John Rodgers, because he supported property tax cuts.

Nationwide, taxes have gone up by 6.9% from 2022 to now – the largest increase in five years.

Look for this issue to further heat up in other states next year as voters demand greater accountability for the taxes they pay.

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