Property Taxes and Tax Revolts: The Legacy of Proposition 13by Arthur O'Sullivan, Terri A. Sexton, Steven M. Sheffrin
Pub. Date: 05/31/2007
Publisher: Cambridge University Press
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.
- Cambridge University Press
- Publication date:
- Edition description:
- New Edition
- Product dimensions:
- 5.98(w) x 8.98(h) x 0.39(d)
Table of ContentsList 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.
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