26-January-2012

"From a macro point of view, the increasing level of federal government debt will mean that programs and expenditures heretofore made at the federal level will be pushed onto state and local governments due to the burgeoning federal deficit," Paul said. "Local communities will be under even more pressure to raise revenue. The greatest source of revenue for local governments is property tax. So, as was the case during the Reagan presidency, assessors will become more aggressive in attempting to raise revenue to satisfy their local budgets, and that will fall on the shoulders of property owners. In order to assure fair property taxation, owners must carefully review their tax assessments to ensure that no inappropriate factors are used by assessors in valuing their property."

Paul, current president of American Property Tax Counsel, also discussed significant issues related to property tax litigation, sales comparisons and inflated assessments during his interview with GlobeSt.com.