This starts punishing the poor real fast lol 

 Good.  

 I disagree with this.

Here in Texas property taxes are used to pay for most everything, but especially in the cities, a lot of people are renters.  So you have urban renter populations voting to raised property taxes on suburban and rural home owners to fund urban public works.

I'm not opposed to public works paid for by taxes, but the people who enjoy the fruits of the tax hike might not be the same people who have to pay the costs.  If you own property, even under a mortgage, you'll feel the property tax and exercise due caution before approving it. 

 Taxation is theft. I'm opposed to all taxes, especially since most of the stuff covered by property taxes I don't want to use or pay for.