Sports facilities and the local property tax base in recovery

2021 ◽  
Author(s):  
Geoffrey Propheter
Keyword(s):  
Property Tax ◽  
Local Property ◽  
Sports Facilities ◽  
Tax Base

scholarly journals Distinguishing Between The Capital Tax View and The Benefit View of The Property Tax At The Local Level

1970 ◽  
Vol 30 (1) ◽  
pp. 1-14
Author(s):  
Russell Evans ◽  
Mary Gade
Keyword(s):  
Local Level ◽  
Property Tax ◽  
Local Property ◽  
Sales Tax ◽  
Tax Base ◽  
The Great Recession ◽  
Specific Subset ◽  
General Revenue ◽  
Capital Tax ◽  
User Fee

The Great Recession of 2008 exposed municipalities across the U.S. to thedangers of over-reliance on a volatile sales tax base for general revenue financing. A2010 interim study convened by the Oklahoma Legislature examined the possibilityof offering access to the property tax base as a source of municipal general revenue.The feasibility of such a move depends crucially on understanding the economicincidence of the local property tax. Current research is divided on the issue, with oneschool proposing the property tax as a tax on capital generally (the capital tax view)and the other asserting the property tax as a user-fee for locally provided publicservices (the benefit view). We examine the incidence of the local property tax inOklahoma County recognizing explicitly that the tax levy is really an aggregate ofindependent levies — each tied to the provision of a specific subset of local services— and that incidence outcome may vary by jurisdiction. An analysis of the 19 independentschool districts in Oklahoma County over a 10-year period finds evidencethat the incidence of the property tax varies both by levy and jurisdiction.

scholarly journals The Fiscal Impact of Local Property Tax Abatement in Indiana

2016 ◽  
Vol 2 (2) ◽  
pp. 161
Author(s):  
Michael Hicks ◽  
Dagney Faulk
Keyword(s):  
Local Governments ◽  
Property Tax ◽  
Local Property ◽  
Strong Relationship ◽  
Tax Rates ◽  
Absolute Size ◽  
Fiscal Impact ◽  
Tax Base ◽  
Tax Abatements ◽  
Tax Abatement

Property tax abatement is widely used by local governments in the U.S. with the goal of attracting and retaining businesses. This analysis examines the efficacy of such abatement using data on Indiana counties from 2002 through 2011. The analysis suggests that local tax abatement tends to be correlated with higher effective tax rates in a county. These correlations exist in the absolute size of abated property relative to the existing assessed value of property taxes and in the frequency of use of tax abatements. In addition, there is not a strong relationship between abatement and the growth of assessed value over time. The implication is that, on average, the use of abatements as a tool for growing a property tax base is not particularly effective. These findings cast doubt on the ability of Indiana’s system of property tax abatements to increase the tax base or control property tax rates.

scholarly journals The Fiscal Effects of Tax Increment Financing on Rural School Districts: The Case of Iowa

AERA Open ◽  
2021 ◽  
Vol 7 ◽  
pp. 233285842199114
Author(s):  
Phuong Nguyen-Hoang
Keyword(s):  
Rural Communities ◽  
School Districts ◽  
Property Tax ◽  
Rural School ◽  
Tax Rates ◽  
Rural School Districts ◽  
Tax Increment Financing ◽  
Tax Base ◽  
Positive Effects ◽  
Development Tool

Tax increment financing (TIF)—an economic (re)development tool originally designed for urban cities—has been available to rural communities for decades. This is the first study to focus solely on TIF in rural school districts, to examine TIF effects on school districts’ property tax base and rates, and to conduct event-study estimations of TIF effects. The study finds that TIF has mostly positive effects on rural school districts’ property tax base and mixed effects on property tax rates, and that TIF-induced increases in tax base come primarily from residential property and slightly from commercial property. The study’s findings assert the importance of returned excess increment if rural school districts in Iowa and many other states are to benefit from TIF.

INCOME ELASTICITY OF THE PROPERTY TAX BASE

1964 ◽  
Vol 17 (3) ◽  
pp. 253-264 ◽  
Author(s):  
BENJAMIN B. BRIDGES,
Keyword(s):  
Income Elasticity ◽  
Property Tax ◽  
Tax Base

scholarly journals Federal deductibility and local property tax rates

1990 ◽  
Vol 27 (3) ◽  
pp. 269-284 ◽  
Author(s):  
Douglas Holtz-Eakin ◽  
Harvey Rosen
Keyword(s):  
Property Tax ◽  
Local Property ◽  
Tax Rates

State Equalizing Aids and Metropolitan Tax Base Sharing: A Comparative Analysis

1981 ◽  
Vol 9 (4) ◽  
pp. 449-470 ◽  
Author(s):  
Peter S. Fisher
Keyword(s):  
Comparative Analysis ◽  
Local Government ◽  
Property Tax ◽  
The State ◽  
Twin Cities ◽  
Tax Base ◽  
Fiscal Capacity ◽  
Tax Bases

State gram programs aimed at equalizing local government fiscal capacities and metropolitan-wide programs for the sharing of property tax bases are very similar in terms of objectives as well as operation. The Twin Cities tax base sharing system, which has served as a model for numerous other proposals, has some serious deficiencies; a proposal for eliminating these defects is developed by viewing tax base sharing as a set of fiscal capacity equalizing grants. Alternative formulas are evaluated, and the merits of tax base sharing at the state rather than metropolitan level are discussed.

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