The Impact of Property Assessment Standards on Property Tax Burden
AbstractProperty tax is a tax on estimated values rather than on transactionsâ€”an important distinction from other taxes. Another distinction is that each state develops its own system for administering the property tax, including how properties are assessed. The consensus among scholars is that current market value assessment is the standard for achieving the most fair and equitable property tax burden. This study compares two disparate assessment standards in one urban county, analyzing potential determinants of systematic bias. The findings indicate that less systematic bias exists under the market value standard, but that the overall equity is only marginally better horizontally and tended toward a more regressive tax structure. A market value assessment standard may mitigate the inherent inequity (i.e., systematic bias) in a nonmarket value system. However, the inequities in the market value system, which may be less predictable, still must be monitored and addressed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by in its journal Public Finance Review.
Volume (Year): 40 (2012)
Issue (Month): 5 (September)
Contact details of provider:
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications).
If references are entirely missing, you can add them using this form.