California faced with a run-away budget and squeezing taxpayers to the hilt , Governor Arnold Schwarzenegger signed an executive order July 31 to slash the pa of 200,000 state employees to the federal minimum wage. California has a property tax cap limiting the tax to 1% of the value of a property. Other states simply raise property taxes.

California’s legislator was unable to reach a budget deal to close the$ 15.2 billion dollar deficit.  Considering the cash flow squeeze Arnold signed an executive order elimination for 22,000 part-time jobs and cutting worker salaries of 200,000 state workers to minimum wage.

Other state like New York ($5.2 billion shortfall) also faces a budget crisis. Unfortunately, other states without a spending caps on real estate taxes take the cheap shot by passing the ball directly to the homeowner. It’s the easy road to take in order to balance their bloated budgets.

Real estate tax assessments jolt residents of many towns across the nation as residents find sticker shock when they open their disclosure notices.  Without property tax caps, property valuations and tax changes keep increasing.

Take any straw poll in any state of the union and you would find the overwhelming majority would favor property tax caps. Representative government should have enacted such citizen homeowner protection legislation long ago.  It was the tax revolt in California that many believe led to the election of Ronald Reagan to the presidency in 1980. Lawmakers yearn  to change the law but it would not be a politically popular move.

The sentiment behind the cap is that older homeowners should not be priced out of their homes through run-away higher taxes.  Future dark economic clouds spell bad news for homeowners.  With housing prices decreasing in value, municipal and state governments are raising property taxes to meet their budgetary excesses.  That’s the way it was always was done.  Not so with a California type Proposition 13 real estate tax cap

We wonder how many would like to see government employees getting minimum wage until they trim the budget excesses and lived within their means.  If more state enacted property tax caps that wish might just come true.

Contact http://www.propertytaxax.com for complete do-it-yourself help or for entrepreneurs seeking to help people appeal their property taxes as a business at  http://www.propertytaxconlsult.com for more insights and helpful information into this topic.  Direct line: (973) 663-3533  Email: mail@propertytaxconsult.com