The current property tax system is awful. The fact that the legislature allows it to continue shows that they don't care about the public, are ignorant, and have no idea of fairness. The solution is very simple. If you are going to tax property, TAX IT FAIRLY. Property tax doesn't need a subjective assessment on which a portion is taxed based on an assessors opinion. The market determines the value of all homes and the tax should be determined based on the market value any time a home is sold. If you purchase a home for $100,000, your tax is based on that amount for as long as you own the home. If you sell it for $200,000 then whoever purchases it, pays tax based on that amount. That way, you are not surprised by increasing taxes. If my home appreciates and my taxes go up, I make no money on that appreciation UNLESS I sell that home. The current system does nothing to support stable neighborhoods, improving one's property or making improvements to properties in transitional neighborhoods. If anything, the current system is punitive to homeownership.