It’s Not A Tax Hike — Really

From John Hood's Daily Journal:

RALEIGH – At the risk of fomenting dissension in the ranks, I’ve got to defend some local officials in North Carolina against their conservative critics. Their criticism – the latter’s criticism – has to do with property revaluations. Unless local politicians respond to rising property values by reducing the tax rate to yield a “revenue-neutral” result, it is suggested, they have raised taxes.

This argument doesn’t stand up to scrutiny.