Property Taxes and Tax Revolts: The Legacy of Proposition 13

by Arthur O'Sullivan, Terri A. Sexton, Steven M. Sheffrin

Overview

Property tax revolts have occurred both in the United States and abroad. This book examines the causes and consequences of property tax revolts, focusing on California's experience with Proposition 13. New theoretical approaches and evidence from a comprehensive empirical study are used to highlight the equity and efficiency of property tax systems. Since property taxes are local government's main revenue source, the book includes a comparative study of the evolution of local government following property tax limitations in several states. Finally, the book considers alternatives for reform and lessons to avoid future revolts.

Product Details

ISBN-13:	9780521035996
Publisher:	Cambridge University Press
Publication date:	03/23/2007
Edition description:	New Edition
Pages:	172
Product dimensions:	5.91(w) x 8.98(h) x 0.39(d)

Table of Contents

List of tables, figures and boxes; Preface; 1. The context and significance of tax revolts; 2. The diversity of property tax systems; 3. The simple analytics of an acquisition-value tax system; 4. Measuring the disparities; 5. Incidence, mobility, ownership and capitalization; 6. Tax limitation and local government; 7. Revenue projections and policy alternatives; 8. The future of the property tax; Notes; References; Index.

Editorial Reviews

"The book...makes an interesting contribution to public finance." Journal of Economic Literature

"...worthy of close attention from public finance economists and policy analysts interested in the fiscal situations facing state and local governments....the quality of research is very high, the appropriate policy issues are targeted, and the exposition is excellent." Charles Leathers, Journal of Economic Issues

From the Publisher