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

Format:

Book

Contributor:

Augustine, Nancy Y.

Lincoln Institute of Land Policy.

Language:

English

Subjects (All):

Real property tax--United States.

Real property tax.

Tax exemption--United States.

Tax exemption.

Local taxation--United States.

Local taxation.

Physical Description:

1 online resource (366 p.)

Edition:

1st ed.

Place of Publication:

Cambridge, Mass. : Lincoln Institute of Land Policy, c2009.

Language Note:

English

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:

""CONTENTS""; ""1 The Property Tax Under Siege""; ""2 Overview of the Trends in Property Tax Base Erosion""; ""3 Property Tax Exemptions, Revenues, and Equity""; ""4 Residential Property Tax Relief Measures""; ""5 Assessment Limits as a Means of Limiting Homeowner Property Taxes""; ""6 Tax and Expenditure Limitations and Local Public Finances""; ""7 Efforts to Override School District Property Tax Limitations""; ""8 Property Tax Abatement as a Means of Promoting State and Local Economic Activity""; ""9 Preferential Tax Treatment of Property Used for Social Purposes""

""10 The Politics of the Property Tax Base""""CONTRIBUTORS""; ""INDEX""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-55844-269-3

OCLC:

923213459