Harford Co. Council wants no TEA Party?

On The Dagger is an interesting article concerning the Harford County Council’s response to an enterprising email for an upcoming protest on Tuesday, May 19.

Please go read that article here. (And then come back, please.)

While the question there is – “Will keeping the Constant Tax Yield rate be considered a tax hike?” – my concern, and maybe others, is – “Shouldn’t the calculation of this rate be addressed to take into account the fall in property (aka, homeowners) values?”

This is a considerable problem in this current storm of falling economic times.

Here’s a better question.

Why should government be excluded from an economic “hit” whenever property values fall like it has recently? This is a rare event. But, given the current definition of the Constant Yield Rate, it clearly means that homeowners economic problems (higher bills) means nothing to government.

Talk about unfair.

Who has a better answer?

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