Showing 171 - 180 of 35,977
This paper explores the early development of three important fiscal institutions faced by U.S. state governments: property tax limits (PTLs), balanced budget rules (BBRs), and the gubernatorial line-item veto (LIV). Specifically, this study attempts to provide historical context for their...
Persistent link: https://www.econbiz.de/10013001289
Despite its theoretical merits, Land Value Taxation (LVT) is not a common policy instrument in most countries. One of the main reasons is uncertainty regarding its distributional impacts. This uncertainty has not been settled by the literature, due to a lack of appropriate data at the household...
Persistent link: https://www.econbiz.de/10012843422
Many states in the US have in recent years changed the mix of state and local revenue sources used to finance local public expenditures, especially primary and secondary education, with local property taxes being replaced by various sources of state tax revenue. This article examines the...
Persistent link: https://www.econbiz.de/10012758995
We use results from the December 2016 CalSpeaks Survey to assess citizen understanding about how the property tax functions and the distributional impact of the tax. Key issues include (1) do California citizens today understand the provisions of Proposition 13 and the implications for how the...
Persistent link: https://www.econbiz.de/10012865028
Advocates for reforming Proposition 13, California's historic property tax limitation initiative, typically emphasize the measure's implicit preference for owners of commercial and industrial property. Unlike most property tax regimes, Prop 13 assesses property at the owner's purchase price...
Persistent link: https://www.econbiz.de/10012970108
This study examines the market impact of targeted property tax relief, which is critical for understanding who exactly benefits from a widely used local policy. Specifically, we investigate this in the context of two state-wide ballot measures in Virginia that provided property tax relief...
Persistent link: https://www.econbiz.de/10013003584
The paper discusses some issues concerning the local property tax in the light of the Italian experience. The main developments concerning the municipal property tax in Italy, since its introduction and until the most recent events, are briefly described. Then three main issues regarding the...
Persistent link: https://www.econbiz.de/10013014199
In this article, the authors examine residential real estate taxation in some European countries. The authors outline the types of direct and indirect real estate taxes, present statistical data to demonstrate the structure of and tax yield and offer conclusions regarding the impact of tax...
Persistent link: https://www.econbiz.de/10012857346
Persistent link: https://www.econbiz.de/10013052837
Two views dominate the debate about property tax incidence — the “capital tax” or “new” view, under which the tax distorts capital allocation and is borne primarily by capital owners, and the “benefit tax” view, under which the tax is an efficient user charge. Evidence of both...
Persistent link: https://www.econbiz.de/10013053128