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The Property Tax as a Coordinating Device: Financing Indiana's Mammoth Internal Improvement System, 1835 to 1842 / John Joseph Wallis.
- Format:
- Book
- Author/Creator:
- Wallis, John Joseph.
- Series:
- Historical Working Paper Series (National Bureau of Economic Research) no. h0136.
- NBER historical working paper series no. h0136
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Property Tax as a Coordinating Device
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2001.
- Summary:
- The state of Indiana set out to build a Mammoth system of canals, railroads, and turnpikes in 1836, after a decade of intense debate in which sectional rivalries prevented any state action. This paper investigates the role played by the adoption of an ad valorem property tax in ameliorating the sectional rivalries and coordinating the costs of financing the transportation system with the taxes levied to finance it. It also traces the rise and fall of land values in the state between 1835 and 1842, estimating the effect of internal improvement projects on land values.
- Notes:
- Print version record
- November 2001.
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