Property taxes should not skyrocket from one year to the next. My first preference is to eliminate property taxes altogether. The current system forces property owners to rent their homes from the government each year. If we do away with property taxes and raise revenue with other means, help home, farm, and business owners while making government more efficient.
If we can't get rid of property taxes, I'm for a system that caps property tax rates at equal amounts - using the same rate for homes, business, and farm property makes more sense than treating different classes of property owners differently.
House Bill 1001, which the governor has signed into law, doesn't accomplish any of the above goals, but it does lessen our reliance on property taxes, which is a good thing. The caps of 1, 2, and 3% aren't ideal, but they do shield homeowners from the inconsistencies that have plagued the state in recent years.