Can't remember how many years ago that they dropped the personal property tax like you're talking about, here in Illinois, but in return, they imposed a 3% income tax. I think it was originally supposed to be temporary, but then when it was due to expire, they made it permanent. Today I hear that they have bumped it up to 5% - don't know if that's also "temporary", not that it matters - it will eventually be permanent also.
I'd personally rather have the flat income tax than the personal property tax. And of course I'd rather have 3% than 5%, but no one listens to me. . .
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