Why are you guys hating on the property tax so much but you're fine with Ron Paul's suggestion of collecting revenue through tariffs? Either way property is being taxed. The only difference in Ron Paul's suggestion is that it's taxed at the time of changing ownership, so I guess it doesn't feel as bad?
And to those of you saying China is so awesome because they don't tax property, don't forget that the Chinese government has stolen land outright throughout the years from millions of its people. They might not tax you on it now, but if turns out they'd like to let GM put a factory on your land, you're shit out of luck.