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Fairness and Market Value Property Taxation

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This paper presents an extended argument that the public’s feelings towards the property tax are based on an underlying legitimate concern over the fairness of market value taxation. While other factors may certainly operate, both the public opinion polls and taxpayer actions can be partially explained by an inherent distaste for market value taxation. Navigating the shoals of “tax fairness” is not an easy voyage-it is easy to get detoured in discussions of philosophy, psychology, politics, conventional economic theory, and behavioral economics. To avoid these detours, here is a brief road map of the argument in this paper.

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  • Steven M. Sheffrin, 2008. "Fairness and Market Value Property Taxation," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0822, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    • Handle: RePEc:ays:ispwps:paper0822
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    File URL: http://icepp.gsu.edu/files/2015/03/ispwp0822.pdf
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    1. Slemrod,Joel, 1997. "Tax Progressivity and Income Inequality," Cambridge Books, Cambridge University Press, number 9780521587761, September.
    2. O'Sullivan,Arthur & Sexton,Terri A. & Sheffrin,Steven M., 2007. "Property Taxes and Tax Revolts," Cambridge Books, Cambridge University Press, number 9780521035996, September.
    3. Hartley, James E. & Sheffrin, Steven M. & Vasche, J. David, 1996. "Reform During Crisis: The Transformation of California's Fiscal System During the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 56(3), pages 657-678, September.
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    1. Ahmad, Ehtisham & Brosio, Giorgio & Jiménez, Juan Pablo, 2019. "Options for retooling property taxation in Latin America," Macroeconomía del Desarrollo 45021, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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