Peter Marber says it’s time to stop relying on property taxes:
This is hugely controversial, but it has clearly shaped much of the American experience for a century. Property taxes have largely financed American public education, with very little federal funding. As wealthy zip codes can spend more on education, the overall system becomes uneven and reinforces skill gaps and socio-economic divides.
If we could start with a blank slate and look around the world, we would probably institute state and federal funding in public education like virtually every other country, and not fund education largely through property taxes. This would create a far more even system. For those who want to opt out of the public system, there will always be private alternatives. A political impossibility? Maybe, but not insurmountable if implemented over a 30-year period, for example, with re-balancing over time from real estate taxes towards state and local income taxes.