According to a Fortune article, some counties across the United States are trying to save their budgets by jacking up property taxes.  As a resident of Bannock County, Idaho, I can vouch for that!  Recently Bannock County announced they were jacking up farmland property taxes by at least 90%!!!

The National Association of Counties found that 15% of U.S. counties admitted to arbitrarily raising property taxes, for this year alone.

Real estate analysts say it’s the wrong thing to do, not just ethically, but economically: “Given the situation we’ve been in for the past few years, increasing property taxes is not likely to aid in the short-term recovery of the housing market.” McKay Price, real estate finance analyst Lehigh University

The fear by analysts is that by increasing property taxes homes sales will drop even more. The National Association of Counties says the trend of counties raising property taxes, as property values fall, is increasing.