IDEAS home Printed from https://ideas.repec.org/a/bla/reesec/v7y1979i2p190-203.html
   My bibliography  Save this article

Assessment Ratios and Property Tax Burdens in Norfolk, Virginia, 1974–75

Author

Listed:
  • Thomas D. Pearson

Abstract

To examine the relationship between property taxes and neighborhood housing, this paper employed property tax assessment to sale price ratios (i.e. effective tax rates) of residential properties sold during the period beginning July 1, 1974 through June 30, 1975. The analysis was designed to question whether or not the property tax in Norfolk results in different tax burdens for neighborhoods with different income levels. The results indicate there are substantial variations in effective tax rates within neighborhoods as well as between neighborhoods. More interesting is the fact that the property tax appeared to be progressive, given the measure used. If inequities in administration did not exist, it would be much more progressive. Such relationships indicate the existence of problems with the administration of the property tax in Norfolk. An examination of possible problems is conducted and some recommendations are made for potential corrective measures.

Suggested Citation

  • Thomas D. Pearson, 1979. "Assessment Ratios and Property Tax Burdens in Norfolk, Virginia, 1974–75," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 7(2), pages 190-203, June.
    • Handle: RePEc:bla:reesec:v:7:y:1979:i:2:p:190-203
    DOI: 10.1111/1540-6229.t01-3-00201
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1540-6229.t01-3-00201
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1540-6229.t01-3-00201?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Makovi, Michael, 2022. "Is There Discrimination in Property Taxation? Evidence from Atlanta, Georgia, 2010-2016," Journal of Housing Economics, Elsevier, vol. 56(C).
    2. Fuad, Syed & Farmer, Michael C., 2024. "Racial bias in property taxation in Atlanta: The difficulty of reversing a legacy of discrimination," 2024 Annual Meeting, July 28-30, New Orleans, LA 343965, Agricultural and Applied Economics Association.
    3. Gary C. Cornia & Barrett A. Slade, 2005. "Property Taxation of Multifamily Housing: An Empirical Analysis of Vertical and Horizontal Equity and Assessment Methods," Journal of Real Estate Research, American Real Estate Society, vol. 27(1), pages 17-46.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:reesec:v:7:y:1979:i:2:p:190-203. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/areueea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.