Skidmore, Mark; Ballard, Charles L.; Hodge, Timothy R. - In: National Tax Journal 63 (2010) 3, pp. 509-37
We examine the change in the distribution of property tax payments resulting from Michigan’s imposition of a property tax assessment growth cap in 1994. The cap restricts growth in property value for tax purposes to the inflation rate, for those maintaining continuous ownership. Upon sale,...
