A Framework for ReformDocumentos de trabajoJulio 2008Nathan B. Anderson and Therese McGuire
Illinois is one of 23 states that limit both local property tax rates and property tax revenues. Because of its importance to local government finance, reforms of the Illinois property tax system are...
Evidence From the Market for Second HomesDocumentos de trabajoMayo 2008Erik Johnson and Randall Walsh
While there exists a large empirical literature on the capitalization of property taxes into home prices, very little work has been done to identify the effect of differences in property taxes on...
Features, Use, and Policy IssuesDocumentos de trabajoMarzo 2008John H. Bowman
This paper provides an overview of the nature, development, extent, and effect of residential property tax relief programs in the United States. Its major focus is on circuit breakers, which target...
Evidence from Growth Patterns in PennsylvaniaDocumentos de trabajoMarzo 2008H. Spencer Banzhaf and Nathan Lavery
Urban sprawl has become a policy concern of national prominence. Land or split-rate taxes are one potential way to address this issue. In theory, such taxes can lower the land/capital ratio. This in...
An Annotated BibliographyDocumentos de trabajoFebrero 2008Kent R. Grote and Richard F. Dye
This paper lists over 350 books, articles, and papers on land value taxation with annotations.
Documentos de trabajoDiciembre 2007Nathan B. Anderson and Therese McGuire
We evaluate property tax systems using the economic criteria of equity, efficiency and simplicity. We apply these criteria in an evaluation of both a stylized constrained property tax system in which...
Do Wisconsin Tax Increment Finance Districts Stimulate Growth in Real Estate Values? Do They Contribute to Sprawl?Documentos de trabajoMayo 2007Russell Kashian, Mark Skidmore, and David Merriman
Like other U.S. states, tax increment financing (TIF) is an important component of the development policy landscape in Wisconsin. While the guidelines for the use of TIF are similar to those that...
A Case Study of Mesa ArizonaDocumentos de trabajoAbril 2007Jeffrey I. Chapman
Mesa, a city with a population of approximately 450,000, is the largest city in the United States without a property tax. It has also grown very rapidly in the last 25 years, although now its growth...
Documentos de trabajoMayo 2006Jeffrey O. Sundberg and Richard F. Dye
A variety of tax incentives encourage property owners to place conservation easements on their property. This paper calculates sample tax effects for a range of tax incentives and shows that many...
Does the Frequency of Sales Cause Property Tax Inequities?Documentos de trabajoMayo 2006Rachel N. Weber and Daniel P. McMillen
Few studies have attempted to explain the well-documented tendency for lower-priced properties to receive higher assessment. We argue that the absence of market information and the assessor’s...