Political costs and fiscal benefits: The political economy of residential property value assessment under Proposition 212
AbstractWe use a 15-year panel of property value assessment data from 351 Massachusetts municipalities. Appraised values grow more slowly in municipalities with elected assessors. When municipalities pass, via referenda, large increases in the cap on tax revenues, value assessments grow faster under appointed assessors and slower under elected assessors. Appraisals grow slower when alternative revenue sources are available.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 120 (2013)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/ecolet
Property taxes; Property appraisal; Elected versus appointed; Tax referenda;
Find related papers by JEL classification:
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
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