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The Effect of the District of Columbia’s Assessment Limitation on Property Tax Equity

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  • David L. Sjoquist

Abstract

In 2002, the District of Columbia implemented the Residential Property Tax Credit program. This program, while technically a credit, is in effect a property tax assessment limitation that applies to owner-occupied housing. Initially, the maximum growth in net assessed value was set at 25 percent, but is now 10 percent. Property tax assessment limitations are expected to create significant variations in net taxable assessments across property, both vertically and horizontally, and we explore the extent of the variations created by the assessment limitation in the District of Columbia. We find substantial variations, both vertically and horizontally. We also explore explanation for the magnitude of the variations.

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  • David L. Sjoquist, 2015. "The Effect of the District of Columbia’s Assessment Limitation on Property Tax Equity," Public Finance Review, , vol. 43(5), pages 661-685, September.
    • Handle: RePEc:sae:pubfin:v:43:y:2015:i:5:p:661-685
    DOI: 10.1177/1091142114543739
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    References listed on IDEAS

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    1. Dye, Richard F. & McMillen, Daniel P. & Merriman, David F., 2006. "Illinois' Response to Rising Residential Property Values: An Assessment Growth Cap in Cook County," National Tax Journal, National Tax Association;National Tax Journal, vol. 59(3), pages 707-716, September.
    2. Skidmore, Mark & Ballard, Charles L. & Hodge, Timothy R., 2010. "Property Value Assessment Growth Limits and Redistribution of Property Tax Payments: Evidence From Michigan," National Tax Journal, National Tax Association;National Tax Journal, vol. 63(3), pages 509-537, September.
    3. O'Sullivan,Arthur & Sexton,Terri A. & Sheffrin,Steven M., 2007. "Property Taxes and Tax Revolts," Cambridge Books, Cambridge University Press, number 9780521035996, September.
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