❌ SB275
Allow partial property tax deferral for eligible homeowners
Summary
SB275 allows eligible homeowners, defined as those who are permanently and totally disabled or have a total income not exceeding 250% of the federal poverty level, to defer a portion of their property taxes. The bill outlines eligibility requirements, application processes, and conditions under which the deferred taxes must be paid back, including events that trigger repayment. The deferral applies to taxes on homesteads owned and occupied by the eligible homeowners.
Rationale
The bill introduces a government program to defer property taxes, which conflicts with Libertarian principles advocating for minimal government intervention in personal financial matters and taxation. It creates a dependency on government assistance, which is contrary to the Libertarian emphasis on personal responsibility and self-ownership. Additionally, it may lead to increased government control over property rights.
Risks and Concerns
- Increased government control over property ownership
- Potential for dependency on government programs
- Administrative burden on local governments