This property tax is regressive
With the property tax, they are creating a situation where people will owe money on a yearly basis to the Government by penalising them for their initiative in providing themselves and their families with a roof over their heads, out of their earned money that they had already been taxed, and which had not cost the State anything in the first place.
The property tax is a regressive tax that disproportionately impacts hardest on those on lower to middle incomes, without getting anything back in return. It is a total blatant and extortionist act that is nothing short of a protection racket on the part of the Government in order to protect the wealthy and those on the highest incomes from paying a higher level of income tax.