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1. How Differences in Property Taxes within Cities Affect Urban Sprawl

   Documentos de trabajo
   Septiembre 2008
   Yan Song and Yves Zenou

   This article attempts a formal analysis of the connection between the differentiated property tax within urban areas and urban sprawl in U.S. cities. We first develop a theoretical model in which the...

2. Property Taxation in Illinois

   A Framework for Reform
   Documentos de trabajo
   Julio 2008
   Nathan 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...

3. The Effect of Property Taxes on Location Decisions

   Evidence From the Market for Second Homes
   Documentos de trabajo
   Mayo 2008
   Erik 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...

4. Property Tax Circuit Breakers in 2007

   Features, Use, and Policy Issues
   Documentos de trabajo
   Marzo 2008
   John 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...

5. An Unfettered Property Tax in Illinois

   Documentos de trabajo
   Diciembre 2007
   Nathan 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...

6. The History and Purpose of Tax Increment Finance Policy in Wisconsin

   Do Wisconsin Tax Increment Finance Districts Stimulate Growth in Real Estate Values? Do They Contribute to Sprawl?
   Documentos de trabajo
   Mayo 2007
   Russell 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...

7. Ask and Ye Shall Receive?

   Predicting the Successful Appeal of Property Tax Assessments
   Documentos de trabajo
   Febrero 2006
   Rachel N. Weber and Daniel P. McMillen

   How does the relative lack of comparable sales in a neighborhood influence the frequency of property assessment appeal applications and their likelihood of success? Using a data set of appeals...

8. Valuing Land and Improvements in Thin Markets

   Does the Frequency of Sales Cause Property Tax Inequities?
   Documentos de trabajo
   Mayo 2006
   Rachel 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...

9. Tax and Property Value Effects of Conservation Easements

   Documentos de trabajo
   Mayo 2006
   Jeffrey 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...

10. Improving the Valuation of Large Commercial Properties for Real Estate Tax Purposes

    Documentos de trabajo
    Abril 2006
    Richard Almy

    The aims of this project are to examine systematically methods for valuing large office buildings for property tax purposes, identify issues, evaluate their seriousness, and describe potential...