More reasons emerge for homeowners to dislike local property tax

More reasons emerge for homeowners to dislike local property tax

Property taxes are likely to increase for majority of homeowners next year

It is a close call when trying to work out which is the more hated burden: USC or the property tax. Both are vestiges of the bailout, with their introduction mandated by the Troika.

The local property tax (LPT) was brought in more than a decade ago, and the rationale given for its introduction was the broadening of the tax base. Over-dependence on a select few taxes had been a huge contributory factor in the near collapse of the economy.