Assessor Incentives and Property Assessment
Abstract
While typically not a formulator of policy, property assessors are likely sensitive to political incentives, since they are either directly elected to their office or appointed by another elected official. This article estimates a model that is motivated by the assumption that assessors seek to maximize political support in a manner that affects the assessment-to-sales price ratio. With panel data from a 2001 to 2006 series of sales price ratio studies in Virginia cities and counties, a fixed effects variance-decomposition regression reveals a variety of socioeconomic and political variables that bias the assessed value away from fair market value. In addition to finding influential socioeconomic factors, the results indicate that elected assessors underassess more than appointed assessors. Furthermore, it appears assessors try to export the property tax onto commercial property, and assessors in districts with higher measures of local government fiscal stress tend to give higher assessments.Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic Info
Article provided by Southern Economic Association in its journal Southern Economic Journal.
Volume (Year): 77 (2011)
Issue (Month): 3 (January)
Pages: 776-794
Contact details of provider:
Web page: http://www.southerneconomic.org/
More information through EDIRC
Related research
Keywords:Find related papers by JEL classification:
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
- H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
- H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
References
No references listed on IDEASYou can help add them by filling out this form.
Citations
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:sej:ancoec:v:77:3:y:2011:p:776-794For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laura Razzolini).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.