Are Property Tax Limitations More Binding over Time?

2005 ◽  
Vol 58 (2) ◽  
pp. 215-225 ◽  
Author(s):  
Richard F. Dye ◽  
Therese J. McGuire ◽  
Daniel P. McMillen
Keyword(s):  
Property Tax ◽  
Over Time ◽  
Tax Limitations

Cap and Gap: The Fiscal Effects of Property Tax Levy Limits in New York

2020 ◽  
pp. 1-49
Author(s):  
Phuong Nguyen-Hoang ◽  
Pengju Zhang
Keyword(s):  
New York ◽  
School Districts ◽  
Event Study ◽  
Property Tax ◽  
Total Current ◽  
Central Administration ◽  
Difference In Differences ◽  
Teacher Salaries ◽  
Expenditures Per Pupil ◽  
Over Time

This is the first study to examine the fiscal effects of the New York property tax levy limit, using variation from the degree of fiscal stringency across school districts and over time in its first five years of implementation. Based on a difference-in-differences estimator coupled with an event study specification, we find that the tax limit has imposed a real cap on many school districts; that is, at-limit districts' total current expenditures per pupil are significantly lower than what they would have spent absent the limit. For those affected school districts, this expenditure gap does not come from spending on teacher salaries or fringe benefits but rather from other instructional salaries/expenses, central administration, transportation, interfund transfers, and undistributed spending. We also find heterogeneity in the constraining effects of the tax limit across different need-based groups of school districts.

Evaluating the Success of Need-Based State Aid in the Presence of Property Tax Limitations

1992 ◽  
Vol 20 (4) ◽  
pp. 483-498 ◽  
Author(s):  
Andrew Reschovsky ◽  
Amyellen Schwartz
Keyword(s):  
Property Tax ◽  
State Aid ◽  
Tax Limitations

Exploring Municipal Mobilization across States

2021 ◽  
pp. 63-83
Author(s):  
Julia Payson
Keyword(s):  
Local Government ◽  
Property Tax ◽  
Local Property ◽  
State Level ◽  
State Legislature ◽  
Term Limits ◽  
The State ◽  
Elected Officials ◽  
High Turnover ◽  
Tax Limitations

This chapter zooms out to examine the state-level features that are associated with differences in the intensity of local government lobbying. Several state characteristics correlate with municipal lobbying, such as local property tax limitations, but two of the most striking are the combination of term limits and the level of professionalization in the state legislature. Cities are also more likely to mobilize as state transfers comprise a greater share of municipal budgets. These findings suggest that lobbyists might be particularly useful at facilitating representation in complex legislative environments with high turnover among elected officials—especially when cities depend on the state for revenue.

Property Tax Limitations: An Interpretative Review

2006 ◽  
Vol 59 (3) ◽  
pp. 685-694 ◽  
Author(s):  
Nathan B. Anderson
Keyword(s):  
Property Tax ◽  
Tax Limitations

Tax Increment Financing: A Propensity Score Approach

2017 ◽  
Vol 31 (4) ◽  
pp. 312-325 ◽  
Author(s):  
Anita Yadavalli ◽  
Jim Landers
Keyword(s):  
Economic Development ◽  
Employment Growth ◽  
Property Tax ◽  
Tax Increment Financing ◽  
Policy Makers ◽  
Level Data ◽  
Multiplicative Effect ◽  
Tax Abatements ◽  
Development Outcomes ◽  
Over Time

This study examines the effect of tax increment financing (TIF) on economic growth in Indiana. TIF areas are designated with the intent of spurring economic development characterized primarily by growth in assessed value and in employment within the TIF area. We examined property-level data from 2004 to 2013 and found that the average property in a TIF area may display higher assessed values than the average property in a similarly situated non-TIF area. While both TIF and non-TIF properties tended to grow over time, the average property in a TIF area may grow by slightly more than its non-TIF counterpart. We also found that TIF does not statistically significantly affect employment or employment growth over time. While there does not appear to be a multiplicative effect of the presence of enterprise zones and TIF on employment, TIF works with property tax abatements in incentivizing job creation. Our analysis of the effect of TIF on economic development outcomes informs policy makers of the likelihood that a given area will adopt TIF in the context of the “but-for” question.

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