Better than good. It locks the property tax at 1% of the "assesed" value and the assesed value is always less than the actual value.
One of my properties recently appraised for $300,000...my property taxes are (and have been for awhile) $1400 a yr.
There was a time in the early 90's when property values were depressed and the tax actually went down.
I quote:
"Government does not exist for the benefit of those who work for it; it exists for the benefit of those who pay its bills or need its services. Governments that employ more people than necessary, or that pay their employees more than their market will bear, are not doing any favors for the citizens -including the poor- who are picking up the tab."
The benefits that government employees receive are not in line with the private sector (health insurance without employee match(& payments in-lieu of), retirement, vacation, holiday... Many local government employees receive 13+ holiday's a year. The private sector could not affort that.
The tax increases are not necessary. Fiscal restraint of government is what is necessary. Last week on television I saw one box that survived the Boston Tea Party. Man, are we long overdue for another.
In Michigan the taxpayers will soon feel an extra hit when the "shift & shaft" is implemented.