Corporate 52 mil. Insurance 27 mil. This figure includes property taxes, state aid, special ed, and debt retirement. If you talk about replacing total school spending, which now comes from the property tax and a mix of General Fund taxes, with a new tax, like the GRT, you are talking about the equivalent of almost doubling every state tax. They used to tax clocks in Vermont but people started putting their clocks in their pockets and they lost track of that particular piece of property for taxing purposes.
Many people say the property tax is an unfair tax on an asset.
Ah, there's the tax base of the future. In fact, if you didn't live in your house, you could rent it. The average renter, on the other hand has nothing to show for his housing cost at the end of a lease term. Back to the property tax. It's what the towns historically had available to tax and, if you ask the listers in your town, it is clear that rich people don't live in double-wides and poor people don't live in palaces.