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Horizontal Inequity in the Property Taxation of Apartment, Industrial, Office, and Retail Properties

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  • Cornia, Gary C.
  • Slade, Barrett A.

Abstract

Researchers have carefully examined assessment uniformity in ad valorem taxation for single–family residential properties and they have frequently reported nonuniform outcomes in the appraisal of these properties. This study analyzes the uniformity of assessed valuations across apartment, industrial, office, and retail properties in Maricopa County (Metropolitan Phoenix), Arizona. Specifically, we investigate horizontal equity, which results when the assessment ratio (assessed value/sales price) is uniform across properties with similar market values. We examine horizontal equity over a five–and–one–half–year period (January 1998–June 2003). After applying both parametric and nonparametric tests, we find statistically significant evidence of horizontal inequity. We find that retail properties are underassessed compared to apartments, and office properties are overassessed compared to apartments; however, we find little difference between industrial and apartment properties. We also find that properties owned by out–of–state residents are overassessed compared to properties owned by in–state residents.

Suggested Citation

  • Cornia, Gary C. & Slade, Barrett A., 2006. "Horizontal Inequity in the Property Taxation of Apartment, Industrial, Office, and Retail Properties," National Tax Journal, National Tax Association;National Tax Journal, vol. 59(1), pages 33-55, March.
    • Handle: RePEc:ntj:journl:v:59:y:2006:i:1:p:33-55
    DOI: 10.17310/ntj.2006.1.02
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    Cited by:

    1. Mary Beal & Mary O. Borg & Harriet Stranahan, 2017. "The Equity Effects of Property Tax Caps: Evidence from Florida," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 6, July.
    2. Gregor Schwerhoff & Ottmar Edenhofer & Marc Fleurbaey, 2020. "Taxation Of Economic Rents," Journal of Economic Surveys, Wiley Blackwell, vol. 34(2), pages 398-423, April.
    3. Bönke, Timm & Eichfelder, Sebastian & Utz, Stephen, 2012. "Uneven treatment of family life? Horizontal equity in the U.S. tax and transfer system," Discussion Papers 2012/18, Free University Berlin, School of Business & Economics.
    4. Yilin Hou & Yusun Kim & John Yinger, 2019. "Does Coordination Among Assessing Units Generate Returns to Scale? Evidence from New York State," CESifo Working Paper Series 7931, CESifo.

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