The Economics of Real Property: An Analysis of Property Values and Patterns of Use.

Economica ◽  
1958 ◽  
Vol 25 (97) ◽  
pp. 68
Author(s):  
R. C. Tress ◽  
Ralph Turvey
1937 ◽  
Vol 32 (200) ◽  
pp. 643-653 ◽  
Author(s):  
Frank R. Garfield ◽  
William M. Hoad

1983 ◽  
Vol 1 (4) ◽  
pp. 351-362
Author(s):  
IDRIS PEARCE

1958 ◽  
Vol 34 (1) ◽  
pp. 1 ◽  
Author(s):  
Rosalind Tough ◽  
Gordon D. Mac Donald

2020 ◽  
Vol 34 (3) ◽  
pp. 227-241
Author(s):  
Daphne Kenyon ◽  
Robert Wassmer ◽  
Adam Langley ◽  
Bethany Paquin

The authors analyze the effects of property tax abatement on the property tax base and rates of school districts within a municipality offering the abatement using data from Franklin County, Ohio, one of the most populous counties in the United States. An increase in a school district’s Community Reinvestment Area abatement intensity correlates with (a) a decrease in the mill rate for real property, (b) a decrease in effective residential and nonresidential property tax rates, and (c) an increase in total market value of property. While these effects are small, they indicate that a municipality’s decision to abate has generated enough growth in property values, either through improvements to physical property or positive capitalization for existing property values, to offset the negative effects of an abatement. The reason for this may be that the restrictions and oversight used in this abatement program are greater than in most other places.


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