The Effects of Property Taxes and Local Public Spending on Property Values: A Theoretical Comment

1976 ◽  
Vol 84 (3) ◽  
pp. 647-650 ◽  
Author(s):  
Bruce W. Hamilton
Keyword(s):  
Property Values ◽  
Public Spending ◽  
Property Taxes

The Relation between Business Property Values and Local Property Taxes

2014 ◽  
Vol 37 (1) ◽  
pp. 103-128 ◽  
Author(s):  
Kimberly G. Key ◽  
Teresa A. Lightner
Keyword(s):  
Property Values ◽  
Local Property ◽  
Property Taxes ◽  
Tax Revenue ◽  
Industrial Property ◽  
Business Taxes ◽  
Trade Offs ◽  
Property Owners ◽  
Capital Tax ◽  
Business Property

ABSTRACT This study examines the relation between commercial and industrial property values and local property taxes using 1999 to 2009 data for the state of Georgia. Results show a negative relation between commercial values and property taxes, consistent with the new view of capital tax prediction that these taxes are borne, at least in part, by property owners. Incidence estimates show very high to full capitalization. There is little evidence of a relation between industrial property values and property taxes, contrary to prior research. This study is the first to provide empirical evidence of differences in commercial and industrial property tax incidence. The study contributes to the understanding of the capitalization of business taxes, which has been the subject of very little prior research. The results can inform policymakers who consider trade-offs in tax revenue needs, economic development, and issues of fairness in their localities.

scholarly journals County Property Values and Tax Impacts of Florida's Citrus Industry

EDIS ◽  
1969 ◽  
Vol 2003 (17) ◽  
Author(s):  
Alan W. Hodges ◽  
W. David Mulkey ◽  
Ronald P. Muraro ◽  
Thomas H. Spreen
Keyword(s):  
Property Values ◽  
Citrus Canker ◽  
Resource Economics ◽  
Cooperative Extension Service ◽  
Property Taxes ◽  
Foreign Competition ◽  
Citrus Industry ◽  
Citrus Grove ◽  
University Of Florida ◽  
Fiscal Impacts

Events impacting the citrus industry, such as citrus canker or increased foreign competition due to liberalization of trade barriers, may have a dramatic impact on the welfare of local communities. This paper provides estimates of the local fiscal impacts of ad valorem property taxes paid by citrus grove owners, and taxes generated by citrus processing operations. This is EDIS document FE437, a publication of the Department of Food and Resource Economics, Florida Cooperative Extension Service, UF/IFAS, University of Florida, Gainesville, FL. Published November 2003. FE437/FE437: County Property Values and Tax Impacts of Florida's Citrus Industry (ufl.edu) 

Show Me the Money

2016 ◽  
Vol 3 (2) ◽  
pp. 197-215
Author(s):  
Justin Simmons
Keyword(s):  
Sex Offenders ◽  
Sex Offender ◽  
Negative Impact ◽  
Property Tax ◽  
Property Values ◽  
Property Taxes ◽  
Tax Revenue ◽  
Property Value ◽  
Pros And Cons ◽  
The Impact

Many people have written scholarly articles highlighting the pros and cons of SORs. Some have taken the analysis a step further by pointing out the impact SORs have on the values of homes in the vicinity of a registered sex offender (“RSO”). While these studies have pointed out the impact the presence of an RSO can have on the property value for an individual homeowner, research regarding the impact RSOs have on property tax revenue for taxing districts is nonexistent. This Article highlights the correlation between the depressive effect the presence of RSOs has on property values, the impact this reduction in property value has on property tax revenue for taxing districts in Texas, and, as a corollary, the negative impact the decrease in revenue could have on the government’s ability to provide vital public services. The Article concludes by discussing different strategies states like Texas could use to allow taxing districts to recover some of this lost revenue. In particular, this Article suggests that states like Texas could (1) charge RSOs a premium on their property taxes to offset any losses their presence in the community causes; (2) pass laws that prevent RSOs from living in certain areas; (3) adjust the criteria used by taxing districts to appraise residential property; or (4) increase minimum sentences for sex offenders in an effort to reduce the number of registered sex offenders in the community.

Betterment: a taxing problem

2018 ◽  
Vol 36 (2) ◽  
pp. 217-226 ◽  
Author(s):  
Richard Grover
Keyword(s):  
Property Values ◽  
Property Taxes ◽  
Land Value ◽  
Value Capture ◽  
Content Type ◽  
Alternative Approach ◽  
Effective Instrument ◽  
The Uk ◽  
Practical Implications

Purpose The purpose of this paper is to review the issues involved in land value taxation and betterment and the issues involved in apportioning value between land and improvements. Design/methodology/approach The theoretical and valuation issues in betterment are reviewed and a case study of a betterment tax introduced in the UK is used to illustrate the practical problems in implementation. Findings The idea of land value taxation depends upon being able to apportion property values between land and improvements. This raises both theoretical and practical problems that are difficult to overcome. Practical implications The apportionment property values between land and improvements produces results that cannot be verified by market evidence, suggesting that an alternative approach be adopted through value-based recurrent property taxes revalued at frequent intervals. Originality/value Much of the literature has concentrated on the theoretical advantages of land value taxation rather than examining the practical problems of implementation. These suggest a different approach with less emphasis on betterment taxes and more on how recurrent property taxes can be an effective instrument for value capture.

scholarly journals Municipal Finance in the Face of Falling Property Values

2011 ◽  
pp. 1-4
Author(s):  
Thomas J. Fitzpatrick ◽  
Mary Zenker
Keyword(s):  
Property Values ◽  
Property Taxes ◽  
Municipal Finance ◽  
Government Budget ◽  
Tax Base ◽  
The Face ◽  
Potential Losses ◽  
Local Government Budget ◽  
Full Force ◽  
The Impact

The fall in property values associated with the recent recession has caused a decline in property taxes which may be amplifying local government budget crises across the country. Cuyahoga County is set to reappraise property values in 2012, and when it does it may only then absorb the full force of the housing market losses caused by the recession. We estimate the potential losses in property values and the county’s tax base and find that the impact could be significant.

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