Sunday, July 04, 2010

A taxing dilemma: Rising property taxes are strangling some homeowners, especially the elderly (With Video)

A taxing dilemma: Rising property taxes are strangling some homeowners, especially the elderly (With Video)

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Pennsylvania is noted for its multiplicity of townships, boroughs, counties and other local government units that along with school districts make for big property tax bills.

When those taxes go up, seniors on fixed incomes feel squeezed. This cohort along with apartment building owners allied in 1978 to pass California's historic Proposition 13 to limit property taxes. That tax revolt spread throughout the nation and is a key driver of local government privatization. Will the Keystone State be the next battleground?

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