The property tax is considered to be a good tax for local governments, mainly because of the connection between the types of services funded at the local level and the benefit to property values. Yet, property tax revenues rarely account for more than 3 percent of Gross Domestic Product (GDP) in...

Large cities and metropolitan areas differ from smaller urban or rural municipalities—they have much larger populations, higher concentrations of population, and populations that are more heterogeneous in terms of social and economic circumstances. Large cities are important generators of...