ISSN:
1468-2257
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Geography
,
Economics
Notes:
This paper examines the shift from current market value assessment to acquisition-based assessment as mandated by a little-noticed provision of California's 1978 Proposition Thirteen. The distributional effects of the reformed property tax system are studied for a 300-house, ten-neighborhood sample in Davis, California. Micro-area tax inequalities for similar properties greatly increased from 1978 to 1985. By 1988, however, intra-area and inter-area inequalities in tax payments were diminishing slightly due to a low inflation rate and increased property turnover (resales). Because of its social policy consequences, acquisition-based assessment is an element of California's tax revolt that other jurisdictions should not emulate.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1468-2257.1989.tb00488.x
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