scholarly journals The Effects of Changes in Property Tax Rates and School Spending on Residential and Business Property Value Growth

2012 ◽  
Author(s):  
Sung Hoon Kang ◽  
Laura Reese ◽  
Mark L. Skidmore
Keyword(s):  
Property Tax ◽  
Tax Rates ◽  
Property Value ◽  
Business Property ◽  
School Spending ◽  
Value Growth

scholarly journals Land value is a progressive and efficient property tax base: Evidence from Victoria

2019 ◽  
Author(s):  
Cameron Murray ◽  
Jesse Hermans
Keyword(s):  
Capital Investment ◽  
Property Tax ◽  
Property Taxes ◽  
Tax Rates ◽  
Land Value ◽  
Property Value ◽  
City Governments ◽  
Tax Base ◽  
Percentage Point Increase ◽  
Point Increase

Property taxes are a common revenue source for city governments. There are two property tax bases available—land value (site value, SV), or total property value (capital improved value, CIV). The choice of property tax base has implications for both the distribution and efficiency of the tax. We provide new evidence in favour of SV being both the more progressive and efficient property tax base. First, we use three Victorian datasets at different levels of geographic aggregation to model the SV-CIV ratio as a function of various household income measures. At all three levels, a higher SV-CIV ratio occurs in areas with higher incomes, implying that SV is the more progressive property tax base. Our range of results suggests that a one percent increase in the income of an area is associated with a 0.10 to 0.57 percentage point increase in the SV-CIV ratio. Second, we use historical council data to conduct a difference-in-difference analysis to compare the effect of switching from a CIV to SV tax base on the number of building approvals and value of construction investment. We find that switching from CIV to SV as a property tax base is associated with a 20% increase in the value of new residential construction. This is consistent with the view that changes to land value tax rates are non-neutral with respect to the timing of capital investment on vacant and under-utilised land, which we also demonstrate theoretically.

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.

scholarly journals USING PARTICIPATORY APPROACH TO IMPROVE AVAILABILITY OF SPATIAL DATA FOR LOCAL GOVERNMENT

2016 ◽  
Vol III-4/W1 ◽  
pp. 139-144
Author(s):  
T. Kliment ◽  
V. Cetl ◽  
H. Tomič ◽  
J. Lisiak ◽  
M. Kliment
Keyword(s):  
Spatial Data ◽  
Local Governments ◽  
Local Level ◽  
Property Tax ◽  
Open Data ◽  
Quality Level ◽  
Tax Rates ◽  
Geospatial Information ◽  
Data Infrastructure ◽  
Participatory Gis

Nowadays, the availability of authoritative geospatial features of various data themes is becoming wider on global, regional and national levels. The reason is existence of legislative frameworks for public sector information and related spatial data infrastructure implementations, emergence of support for initiatives as open data, big data ensuring that online geospatial information are made available to digital single market, entrepreneurs and public bodies on both national and local level. However, the availability of authoritative reference spatial data linking the geographic representation of the properties and their owners are still missing in an appropriate quantity and quality level, even though this data represent fundamental input for local governments regarding the register of buildings used for property tax calculations, identification of illegal buildings, etc. We propose a methodology to improve this situation by applying the principles of participatory GIS and VGI used to collect observations, update authoritative datasets and verify the newly developed datasets of areas of buildings used to calculate property tax rates issued to their owners. The case study was performed within the district of the City of Požega in eastern Croatia in the summer 2015 and resulted in a total number of 16072 updated and newly identified objects made available online for quality verification by citizens using open source geospatial technologies.

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

An empirical study of enrollment in Vermont's Use Value Appraisal property tax program

1992 ◽  
Vol 22 (9) ◽  
pp. 1209-1214 ◽  
Author(s):  
Donald F. Dennis ◽  
Paul E. Sendak
Keyword(s):  
Empirical Study ◽  
Population Growth ◽  
Property Tax ◽  
Probit Model ◽  
Education Level ◽  
Use Value ◽  
Tax Rates ◽  
Forest Land ◽  
Negative Effect ◽  
The Relationship

A probit model was used to analyze the relationship between the probability of enrollment in Vermont's Use Value Appraisal property tax program for forest land and characteristics of the parcel, owner, and surrounding community. The results suggest that continued fragmentation of the forest and population growth will have a negative effect on enrollment, but these effects may be mitigated by increases in the education level of landowners and by increases in assessed values and property tax rates.

The Paradox of Fiscal Inequality in Italy: Exploratory Analyses on Property Tax Rates

2021 ◽  
pp. 77-92
Author(s):  
Rocco Curto ◽  
Alice Barreca ◽  
Giorgia Malavasi ◽  
Diana Rolando
Keyword(s):  
Property Tax ◽  
Tax Rates
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