GoLocalProv’s Russell Moore had an article yesterday comparing property taxes around Rhode Island. One more data point is needed: how Rhode Island’s property taxes rank nationally. They are tenth highest.
In the article, the R.I. Center for Freedom and Prosperity’s Justin Katz identifies a major factor contributing to our too high property taxes.
One aspect that is central to the property tax question has to do with labor union influence and various regulations and mandates that drive up the cost of labor. We’ll be taking a specific, close look at those numbers within the next year, but we can already say that Rhode Island forces itself to pay a premium for insider, special-interest work.
One other, important related matter. If our officials could lower property taxes, would that decrease the need for affordable housing, which further exacerbates property tax rates? H’mmm …