Property taxes are the most equitable and reliable form of taxation as everyone either owns or rents property in some way-shape-or-form, either to live in, to work in or to rent.
More importantly it's very hard for landlord or tenant to avoid property taxes--unlike income, excise or sales taxes, etc--real estate isn't going anywhere. The only question is fair valuation of the property, which isn't a very complicated process.
All taxation should be property-based. Problem is there's no tradition of federal property taxes, which is a REAL big problem.
I spent the first 20 years of my life in ND and I'm a bit surprised at this initiative, as North Dakotans are very practical people
Santa Fe, NM