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Working Paper
Restraining the Leviathan: property tax limitations in Massachusetts
Elmendorf, Douglas W.; Cutler, David M.; Zeckhauser, Richard (1997)
We examine the effects of Proposition 2-1/2--a property tax limitation law approved by Massachusetts voters in 1980--and assess voter satisfaction with these effects. We find that the proposition had a smaller effect on local revenues and spending than expected, as a result of both amendments to the law and a strong economy. Voters in 1980 believed there was significant waste in local government, partly because of an inability to monitor local officials. Proposition 2-1/2 curbed these agency losses, but direct local override votes and municipal expenditure patterns imply that the proposition ...
Finance and Economics Discussion Series , Paper 1997-47

Journal Article
The effective use of property tax incentives for economic development
Kenyon, Daphne A.; Paquin, Bethany P.; Langley, Adam H. (2013-10)
To make property-tax incentives for business more effective, do not approve every incentive request, target use of incentives, avoid incentive wars, cooperate with surrounding localities, and conduct regular evaluations.
Communities and Banking , Issue Fall , Pages 4-7

Report
Fiscal deadlock in Minnesota
Dahl, David S. (1971)
Staff Report , Paper 7

Journal Article
Proposition 13 - genesis and consequences
Oakland, William H. (1979-01)
Economic Review , Issue Win , Pages 7-24

Working Paper
Property tax limits and local fiscal behavior: did Massachusetts cities and towns spend too little on town services under proposition 2 1/2?
Bradbury, Katharine L. (1997)
This paper examines the impact of a specific local tax limit, Proposition 2 in Massachusetts, on the fiscal behavior of cities and towns in Massachusetts and the capitalization of that behavior into property values. Proposition 2 places a cap on the effective property tax rate at 2.5 percent and limits nominal annual growth in property tax revenues to 2.5 percent, unless residents pass a referendum (an override) allowing a greater increase. The study analyzes the 1990-94 period, a time when Massachusetts municipalities faced significant fiscal stress because of a 30 percent cut in real estate ...
Working Papers , Paper 97-2

Working Paper
Community development-fiscal interactions: theory and evidence from the Chicago area
Oakland, William H.; Testa, William A. (1995)
Working Paper Series, Regional Economic Issues , Paper 95-7

Working Paper
Fiscal amenities, school finance reform and the supply side of the Tiebout market
Lutz, Byron F. (2009)
This study asks if local governments which provide a high level of public services per tax dollar attract housing capital. The first portion of the paper examines large shifts in property tax burdens induced by an unusual school finance reform in the state of New Hampshire. The estimates suggest that, in most of the state, communities with a reduced tax burden experience a large increase in residential construction. In the area of the state near the region's primary urban center (Boston), however, the shock clears through a price adjustment--i.e. by capitalizing into property values. The ...
Finance and Economics Discussion Series , Paper 2009-18

Journal Article
Break-the-lease party
Burke, William (1979)
FRBSF Economic Letter

Working Paper
Effects of Gentrification on Homeowners: Evidence from a Natural Experiment
Ding, Lei; Hwang, Jackelyn (2020-04-16)
A major overhaul of the property tax system in 2013 in the city of Philadelphia has generated significant variations in the amount of property taxes across properties. This exogenous policy shock provides a unique opportunity to identify the causal effects of gentrification, which is often accompanied by increased property values, on homeowners’ tax payment behavior and residential mobility. The analysis, based on a difference-in-differences framework, suggests that gentrification leads to a higher risk of delinquency on homeowners’ tax bills on average, but there was no sign of a ...
Working Papers , Paper 20-16

Journal Article
Uniformity in assessment: High on the list of property tax reforms
Noto, Nonna A. (1978-05)
Business Review , Issue May , Pages 13-23

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