The TRIM notice shows what they’re to pay in property taxes depending on the appraised property value and on what tax rates cities, the county, the school board and other districts adopt before Oct. 1.
Last Friday news-press.com reported that Lee County’s population dropped by 1.38 percent, or 8,601 residents. So there are presumably fewer people to pay these taxes to cover the cost of government.
Add to that people walking away from their homes — and taxes — because of lost jobs, lost income or being underwater on their mortgage, and the drops in property values, and thus revenue, leading to budget cuts for taxing bodies.
One, thus, has to wonder whether the current property taxation system is sustainable. We believe it is not.
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