IDEAS home Printed from https://ideas.repec.org/a/sae/pubfin/v43y2015i5p661-685.html
   My bibliography  Save this article

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

Author

Listed:
  • 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.

Suggested Citation

  • 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
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1091142114543739
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1091142114543739?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. O'Sullivan,Arthur & Sexton,Terri A. & Sheffrin,Steven M., 2007. "Property Taxes and Tax Revolts," Cambridge Books, Cambridge University Press, number 9780521035996, Enero-Abr.
    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. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anderson, Nathan B., 2012. "Market value assessment and idiosyncratic tax-price risk: Understanding the consequences of alternative definitions of the property tax base," Regional Science and Urban Economics, Elsevier, vol. 42(4), pages 545-560.
    2. Alm, James & Buschman, Robert D. & Sjoquist, David L., 2011. "Rethinking local government reliance on the property tax," Regional Science and Urban Economics, Elsevier, vol. 41(4), pages 320-331, July.
    3. William H. Hoyt & Aaron Yelowitz, 2016. "Anticipated Property Tax Increases and the Timing of Home Sales: Evidence from Administrative Data," CESifo Working Paper Series 6264, CESifo.
    4. Alm, James & Buschman, Robert D. & Sjoquist, David L., 2014. "Foreclosures and local government revenues from the property tax: The case of Georgia school districts," Regional Science and Urban Economics, Elsevier, vol. 46(C), pages 1-11.
    5. Timothy R. Hodge & Mark Skidmore & Gary Sands & Daniel McMillen, 2015. "Tax Base Erosion and Inequity from Michigan’s Assessment Growth Limit," Public Finance Review, , vol. 43(5), pages 636-660, September.
    6. Timothy R. Hodge & Mark Skidmore & Gary Sands & Daniel McMillen, 2013. "Tax Base Erosion and Inequity from Michigan's Assessment Growth Limit: The Case of Detroit," CESifo Working Paper Series 4098, CESifo.
    7. Sung Hoon Kang & Mark Skidmore & Laura Reese, 2015. "The Effects of Changes in Property Tax Rates and School Spending on Residential and Business Property Value Growth," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(2), pages 300-333, June.
    8. Banzhaf, H. Spencer & Farooque, Omar, 2013. "Interjurisdictional housing prices and spatial amenities: Which measures of housing prices reflect local public goods?," Regional Science and Urban Economics, Elsevier, vol. 43(4), pages 635-648.
    9. Ron Cheung, 2005. "The Effect of Property Tax Limitations on Residential Private Governments," Working Papers wp2005_05_01, Department of Economics, Florida State University.
    10. Cutler, David M. & Elmendorf, Douglas W. & Zeckhauser, Richard, 1999. "Restraining the Leviathan: property tax limitation in Massachusetts," Journal of Public Economics, Elsevier, vol. 71(3), pages 313-334, March.
    11. Calabrese, Stephen, 2024. "Household mobility and the political economy and welfare effects of local tax limits," Journal of Urban Economics, Elsevier, vol. 142(C).
    12. Spencer Banzhaf, H., 2005. "Green price indices," Journal of Environmental Economics and Management, Elsevier, vol. 49(2), pages 262-280, March.
    13. Mark Skidmore & Mehmet S. Tosun, 2011. "Property Value Assessment Growth Limits, Tax Base Erosion, and Regional In-Migration," Public Finance Review, , vol. 39(2), pages 256-287, March.
    14. Mary Beal & Mary O. Borg & Harriet Stranahan, 2017. "The Equity Effects of Property Tax Caps: Evidence from Florida," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 6, July.
    15. Jan Schnellenbach, 2004. "The Evolution of a Fiscal Constitution When Individuals are Theoretically Uncertain," European Journal of Law and Economics, Springer, vol. 17(1), pages 97-115, January.
    16. John Merrifield & Yong Bao, 2007. "Residential Property Taxation: Is Periodic Reassessment worth it?," Working Papers 0003, College of Business, University of Texas at San Antonio.
    17. Eric J. Brunner & Jon Sonstelie, 2006. "California's School Finance Reform: An Experiment in Fiscal Federalism," Working papers 2006-09, University of Connecticut, Department of Economics.
    18. Terri A. Sexton, 2008. "Taxing Property Transactions versus Taxing Property Ownership," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0820, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    19. Stijn Goeminne & Carine Smolders & Elke Vandorpe, 2017. "The real impact of a one-off fiscal restriction: empirical evidence of a flypaper effect in Flemish municipalities," Public Money & Management, Taylor & Francis Journals, vol. 37(4), pages 285-292, June.
    20. Bigelow, Daniel P. & Kuethe, Todd, 2023. "The impact of preferential farmland taxation on local public finances," Regional Science and Urban Economics, Elsevier, vol. 98(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:pubfin:v:43:y:2015:i:5:p:661-685. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.