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Property Tax Policy Responses to Rapidly Rising Home Values: District of Columbia, Maryland, and Virginia

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  • Bowman, John H.

Abstract

After presenting information on the level and role of property taxation in the District of Columbia, Maryland, and Virginia, possible policies for rising property taxes due to rapidly rising home values are identified and briefly evaluated. Next, specific property tax relief measures in the District of Columbia, Maryland, and Virginia—including Washington suburbs' local–option measures—are described. The effectiveness of the approaches in dealing with rising home values and their implications for property tax equity are considered. The appropriateness of relief for all homeowners experiencing rapid increases in home values is questioned and alternatives are suggested.

Suggested Citation

  • Bowman, John H., 2006. "Property Tax Policy Responses to Rapidly Rising Home Values: District of Columbia, Maryland, and Virginia," National Tax Journal, National Tax Association;National Tax Journal, vol. 59(3), pages 717-733, September.
    • Handle: RePEc:ntj:journl:v:59:y:2006:i:3:p:717-33
    DOI: 10.17310/ntj.2006.3.21
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    Cited by:

    1. Skidmore, Mark & Ballard, Charles L. & Hodge, Timothy R., 2010. "Property Value Assessment Growth Limits and Redistribution of Property Tax Payments: Evidence From Michigan," National Tax Journal, National Tax Association;National Tax Journal, vol. 63(3), pages 509-537, September.
    2. Sheng-Hau Lin & Jia-Hsun Li & Jing-Chzi Hsieh & Xianjin Huang & Jia-Tsong Chen, 2018. "Impact of Property Tax on Housing-Market Disequilibrium in Different Regions: Evidence from Taiwan for the period 1982–2016," Sustainability, MDPI, vol. 10(11), pages 1-18, November.
    3. Mark Skidmore & Mehmet S. Tosun, 2011. "Property Value Assessment Growth Limits, Tax Base Erosion, and Regional In-Migration," Public Finance Review, , vol. 39(2), pages 256-287, March.
    4. Byron F. Lutz, 2008. "The connection between house price appreciation and property tax revenues," Finance and Economics Discussion Series 2008-48, Board of Governors of the Federal Reserve System (U.S.).
    5. Timothy R. Hodge & Mark Skidmore & Gary Sands & Daniel McMillen, 2015. "Tax Base Erosion and Inequity from Michigan’s Assessment Growth Limit," Public Finance Review, , vol. 43(5), pages 636-660, September.

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