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Homestead Exemptions, Heterogeneous Assessment, and Property Tax Progressivity

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  • Keith Ihlanfeldt
  • Luke P. Rodgers

Abstract

Homestead exemption policies are ostensibly intended to reduce the property tax burden of lower-income homeowners. Because assessment rates tend be lower for higher-priced homes, the opposing effects of exemptions and regressive assessments can result in either a regressive or progressive property tax. Using 2018 data on all single-family homes in Florida, we find that in the majority of counties, the homestead exemption dominates regressive assessment, resulting in a progressive tax. We also explore how progressivity would be affected by modifying current features of the property tax, including the homestead exemption take-up rate, the cap on valuation growth, and regressive assessments.

Suggested Citation

  • Keith Ihlanfeldt & Luke P. Rodgers, 2022. "Homestead Exemptions, Heterogeneous Assessment, and Property Tax Progressivity," National Tax Journal, University of Chicago Press, vol. 75(1), pages 7-31.
    • Handle: RePEc:ucp:nattax:doi:10.1086/717587
    DOI: 10.1086/717587
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    Cited by:

    1. Keith Ihlanfeldt & Cynthia Fan Yang, 2023. "Are the home values and property tax burdens of permanent homeowners affected by growth in housing rentals and second homes: Evidence based on big data from Florida," Journal of Regional Science, Wiley Blackwell, vol. 63(2), pages 470-502, March.
    2. Francis Wong, 2024. "Taxing Homeowners Who Won’t Borrow," CESifo Working Paper Series 11185, CESifo.

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