I've had this discussion many times with many people of all walks and the general consensus is that in almost all cases the property tax is too low.

There are some considerations though, those people who have spent their entire lives on the island, worked hard their entire lives, own their own home but happen to live somewhere that the property value is now so large that they could never afford a market value adjustment.

There has to be some consideration for those people, they never intended for San Pedro to become what it has and they shouldn't be driven from their homes if a property tax increase affects them in a negative way.

If the property taxes increase to market value there needs to be some kind of exemption to prevent hardship to the founders of the island.