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Proposition 13 and Effective Property Tax Rates

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  • Michael Wiseman

    (University of Wisconsin-Madison)

Abstract

This article uses sales data and the entire property assessment roll to calculate the ratio of assessed value to market value for all taxed real estate in San Francisco in 1984. The object is to examine the distribution of effective rates of property taxation under the assessment system introduced in California in 1978 by voter initiative (Proposition 13). The estimated aggregate assessment ratio for the city is .55. Assessment ratios differ signifzcantly among and within property types, with average business and private homeowners paying lower rates than owners of multiple-unit dwellings. Within property classes, assessment ratios (and consequently, effective rates of property taxation) are shown to be inversely related to property values.

Suggested Citation

  • Michael Wiseman, 1989. "Proposition 13 and Effective Property Tax Rates," Public Finance Review, , vol. 17(4), pages 391-408, October.
    • Handle: RePEc:sae:pubfin:v:17:y:1989:i:4:p:391-408
    DOI: 10.1177/109114218901700403
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    References listed on IDEAS

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    1. William H. Oakland, 1979. "Proposition 13 - genesis and consequences," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 7-24.
    2. Wiseman, Michael, 1986. "Proposition 13 and Effective Property Tax Rates in San Francisco," Department of Economics, Working Paper Series qt4vc217m5, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    3. Chun, Dong Hoon & Linneman, Peter, 1985. "An empirical analysis of the determinants of intrajurisdictional property tax payment inequities," Journal of Urban Economics, Elsevier, vol. 18(1), pages 90-102, July.
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