With each economic recession, scholars, pundits, and lawmakers focus on what the Federal government can do to mitigate it. In this Article, I argue that there is an important role for local tax law in managing recessions. Since real property taxes are the most important revenue source for local...

I report evidence from New York City that property assessment caps on small residential properties represent a significant tax benefit that accrues to the most valuable properties and the wealthiest neighborhoods. Moreover, rather than benefiting the long-time homeowners on fixed incomes who are...

In this article, the authors propose property tax reforms that would allow local governments to raise property tax revenue while protecting vulnerable taxpayers. They also discuss the legal changes necessary to make local tax policies responsive to local economic conditions, and the...