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Assessment Lags and Property Tax Impacts

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  • Jerome F. Heavey

Abstract

. A major administrative problem of the property tax is the difficulty of maintaining current assessments. If real estate is not reassessed as market values change, then the real tax rates on market value will diverge from the statutory rates. Within any taxing jurisdiction those properties with the highest rate of increase in market value will be taxed at the lowest real rate, while those with the lowest (including negative) rate of increase in market value will be taxed at the highest real rate. This investigation develops a straightforward method for calculating differentials in effective tax rates and describes the economic impacts of these differentials.

Suggested Citation

  • Jerome F. Heavey, 1978. "Assessment Lags and Property Tax Impacts," American Journal of Economics and Sociology, Wiley Blackwell, vol. 37(4), pages 431-436, October.
    • Handle: RePEc:bla:ajecsc:v:37:y:1978:i:4:p:431-436
    DOI: 10.1111/j.1536-7150.1978.tb01248.x
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    Cited by:

    1. Stine, William F., 2010. "Estimating the Determinants of Property Reassessment Duration: An Empirical Study of Pennsylvania Counties," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 40(2), pages 1-17.
    2. John L. Mikesell, 1980. "Property Tax Reassessment Cycles: Significance for Uniformity and Effective Rates," Public Finance Review, , vol. 8(1), pages 23-37, January.

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