He said the rapid rise in home values was driving an “unsustainable” increase in property tax bills. Blackmon said Wednesday that jurisdictions would be allowed to use up to 2 pennies of local sales tax revenue to make up for their lost property tax revenue, though the total sales tax rate that jurisdictions would be allowed to levy would remain at 5%. Factories, offices, stores, apartments, second homes and other non-primary residences would still be subject to the traditional property tax. And it would require that these jurisdictions roll back their property tax rate if the amount of their sales tax revenue dedicated to offsetting the revenue lost to the homeowner property tax break were to exceed the cost of that tax break. “Any idea of getting rid of the property tax is just draconian,” he said.