Erosion of the property tax base : trends, causes, and consequences / edited by Nancy Y. Augustine ... [and others].

Format:

Book

Contributor:

Augustine, Nancy Y.

Lincoln Institute of Land Policy.

Language:

English

Subjects (All):

Real property tax--United States.

Real property tax.

United States.

Tax exemption--United States.

Tax exemption.

Local taxation--United States.

Local taxation.

Physical Description:

viii, 357 pages : illustrations ; 24 cm

Place of Publication:

Cambridge, Mass. : Lincoln Institute of Land Policy, [2009]

Summary:

Increased reliance on residential property to generate tax revenue and soaring property values in many parts of the country have placed pressure on local officials to respond to concerns about higher property taxes. The result has been erosion of the property tax base through a variety of policies designed to relieve residential property tax burdens through exemptions or abatements. The chapters in this book provide analyses of recent property tax trends, examine several responses to the increasing importance of residential property, estimate the extent of property tax base erosion and its effects, and consider other related topics. The erosion of the property tax base raises serious concerns about the future health of our federal system of government and the continued ability of local governments to protect what de Tocqueville called America's passion for popular sovereignty. This book is a result of the ongoing collaboration between the Lincoln Institute of Land Policy and the George Washington Institute of Public Policy presents the findings from the 2007 inaugural Property Tax Roundtable.

Contents:

Foreword / Gregory K. Ingram and Hal Wolman

The property tax under siege / Nancy Y. Augustine ... [et al.]

Overview of the trends in property tax base erosion / Jennifer Gravelle and Sally Wallace. Commentary / Richard M. Bird

Property tax exemptions, revenues, and equity : some lessons from Wisconsin / Richard K. Green and Elaine Weiss. Commentary / Robert M. Schwab

Residential property tax relief measures : a review and assessment / John H. Bowman. Commentary / John E. Anderson

Assessment limits as a means of limiting homeowner property taxes / Terri A. Sexton. Commentary / Jon Sonstelie

Tax and expenditure limitations and local public finances / Bing Yuan ... [et al.]. Commentary / Tracy M. Gordon

Efforts to override school district property tax limitations / Garry Young ... [et al.]

Property tax abatement as a means of promoting state and local economic activity / Robert W. Wassmer. Commentary / Nathan B. Anderson

Preferential tax treatment of property used for social purposes : fiscal impacts and public policy implications / Woods Bowman, Joseph Cordes, and Lori Metcalf. Commentary / Julia Friedman

The politics of the property tax base / John F. Witte. Commentary / Michael A. Pagano.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Erosion of the property tax base.

ISBN:

9781558441866

1558441867

OCLC:

314381469

Publisher Number:

99940062008