No where is that more evident than in a county like Jackson where growth pressures and a multitude of taxing districts combine to paint a confusing and ultimately inequitable picture.
Property taxation is bad because it requires an ever-growing bureaucracy to manage and keep updated.
It is bad because it requires the intervention of subjective criteria in establishing property values. It is bad because it can, and has been, amended with a slew of special exemptions for special interests, thus shifting the tax burden ever more toward homeowners and those who are not part of an organized lobby. It is bad because it cannot be equitable no matter how much we attempt to make it so. It is bad because from the desire to have a balanced property tax base, government officials are led to make a variety of other economic decisions that may not be in the best public interest. And finally, property taxation is bad because it taxes a value even if property hasn't been sold, thus taxing people on speculative wealth.