Which State/Local Tax Is Most "Unfair"?

Here is some data from the annual survey by the Illinois Tax Foundation illuminating the growing discontent with local property taxes, and this is not only an Illinois phenomenon:


38% of respondents claimed they feel the property tax is “least fair” while the runner up is the state income tax.

Our basic problem with Property Tax in general is that, for the average homeowner, it is a tax on assets (think Death Tax) rather than a tax on income or consumptions, and the "assets" taxed are PAPER assets only. They aren't worth anything until sold. Theoretically, if I am on a fixed income, I will be Property Taxed to a zero net asset base! Am I wrong?