Property Tax Limitations And Mobility PDF Download
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Author | : Ron Cheung |
Publisher | : DIANE Publishing |
Total Pages | : 40 |
Release | : 2011-05 |
Genre | : Business & Economics |
ISBN | : 1437928765 |
Download Voters Hold the Key Book in PDF, ePub and Kindle
Since Calif. voters approved Prop. 13 in 1978, 15 states have enacted caps on the annual growth in assessed property values. Some argue that support for tax limitations is driven not by perceptions of gov¿t. inefficiency but by reasonable expectations of who will ultimately bear the tax limitation's burden. This paper explores this view by exploiting the differential tax treatment generated by assessment caps in the context of a recent, novel referendum in Florida. The authors examine voter support for a 2008 constitutional amendment that included a provision making the existing assessment cap portable within the state. High potential tax savings and high expected mobility rates result in higher support for portability. Illus. A print on demand report.
Author | : Nada Wasi |
Publisher | : |
Total Pages | : 38 |
Release | : 2005 |
Genre | : Housing |
ISBN | : |
Download Property Tax Limitations and Mobility Book in PDF, ePub and Kindle
"Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that properties be assessed at market value at the time of sale, and allows assessments to rise by no more than 2% per year until the next sale. In this paper, we examine how Prop 13 has affected the average tenure length of owners and renters in California versus in other states. We find that from 1970 to 2000, the average tenure length of owners and renters in California increased by 1.04 years and .79 years, respectively, relative to the comparison states. We also find substantial variation in the response to Prop 13, with African-American households responding more than households of other races and migrants responding more than native-born households. Among owner-occupiers, the response to Prop 13 increases sharply as the size of the subsidy rises. Homeowners living in inland California cities such as Bakersfield receive Prop 13 subsidies averaging only $110/year and their average tenure length increased by only .11 years in 2000, but owners living in coastal California cities receive Prop 13 subsidies averaging in the thousands of dollars and their average tenure length increased by 2 to 3 years"--National Bureau of Economic Research web site.
Author | : Arthur O'Sullivan |
Publisher | : Cambridge University Press |
Total Pages | : 170 |
Release | : 1995-01-27 |
Genre | : Business & Economics |
ISBN | : 0521461596 |
Download Property Taxes and Tax Revolts Book in PDF, ePub and Kindle
Property tax revolts have occurred both in the United States and abroad. This book examines the causes and consequences of such revolts with a special focus on the California experience with Proposition 13. The work examines the consequences of property tax limitations for public finance with a detailed analysis of the tax system put into place in California. New theoretical approaches and new evidence from a comprehensive empirical study are used to highlight the equity and efficiency of property tax systems. Since property taxes are the primary source of revenue for local governments, the book compares and contrasts the experiences of several states with regard to the evolution of local government following property tax limitations. Finally, the book considers alternatives for reform and lessons to avoid future tax conflicts of this kind.
Author | : National Association of Real Estate Boards. National Committee on Real Estate Taxation |
Publisher | : |
Total Pages | : 60 |
Release | : 1935 |
Genre | : |
ISBN | : |
Download Real Estate Tax Limitation Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 48 |
Release | : 2002 |
Genre | : Law |
ISBN | : |
Download A Guide to Property Taxes Book in PDF, ePub and Kindle
Author | : Glen Leet |
Publisher | : |
Total Pages | : 104 |
Release | : 1936 |
Genre | : Real property |
ISBN | : |
Download Property Tax Limitation Laws Book in PDF, ePub and Kindle
Author | : Gunnar Sigesmund Klemmedson |
Publisher | : |
Total Pages | : 36 |
Release | : 1933 |
Genre | : Property tax |
ISBN | : |
Download Tax Rate Limitations on General Property Taxes Book in PDF, ePub and Kindle
Author | : Mark Haveman |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : Property tax |
ISBN | : 9781558441675 |
Download Property Tax Assessment Limits Book in PDF, ePub and Kindle
This policy focus report examines options that exist for timely and efficient aid to needy taxpayers, including circuit breaker programs that reduce taxes based on income level; truth in taxation measures; deferral options on property tax payments; partial exemptions on owner-occupied or homestead properties; and classified tax rates.
Author | : Hui Shan |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download Property Taxes and Elderly Mobility Book in PDF, ePub and Kindle
The recent housing market boom in the U.S. has caused sharp increases in residential property taxes. Housing-rich but income-poor elderly homeowners often complain about rising tax burdens, and anecdotal evidence suggests that some move to reduce their tax burden. There has been little systematic analysis, however, of the link between property tax levels and the mobility rate of elderly homeowners. This paper investigates this link using household-level panel data from the Health and Retirement Study (HRS) and a newly collected dataset on state-provided property tax relief programs. These relief programs generate variation in effective property tax burdens that is not due solely to arguably endogenous local community choices about taxes and expenditure programs. The findings provide evidence suggesting that higher property taxes raise mobility among elderly homeowners. The point estimates from instrumental variable estimation using relief programs to generate instruments suggest that a $100 increase in annual property taxes is associated with a 0.76 percentage point increase in the two-year mobility rate for homeowners over the age of 50. This is an eight percent increase from the baseline two-year mobility rate of nine percent. These results are robust to alternative specifications.
Author | : Jan K. Brueckner |
Publisher | : |
Total Pages | : 74 |
Release | : 1978 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Download Mobility and General Equilibrium Incidence of the Property Tax Book in PDF, ePub and Kindle