Property Taxes and Tax Revolts: The Legacy of Proposition 13

Property Taxes and Tax Revolts: The Legacy of Proposition 13

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

ISBN-10: 0521035996

ISBN-13: 9780521035996

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

Overview

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.

Product Details

ISBN-13:
9780521035996
Publisher:
Cambridge University Press
Publication date:
05/31/2007
Edition description:
New Edition
Pages:
172
Product dimensions:
5.98(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.

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