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A Reconnaissance of Alternative Measures of Effective Property Tax Rates
Author(s) -
Bell Michael E.,
Kirschner Charlotte
Publication year - 2009
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/j.1540-5850.2009.00931.x
Subject(s) - property tax , property (philosophy) , public economics , tax reform , state (computer science) , tax policy , ad valorem tax , economics , business , computer science , philosophy , epistemology , algorithm
Informed policy discussions on local property tax reform initiatives require accurate and reliable information about the tax's current use. This paper reviews two popular measures of property tax burden and their limitations. The paper then reports the results of a reconnaissance of measures of effective property tax rates and how they vary across the 50 states. The paper also reports the findings of a 50‐state survey that indicates how states calculated and reported effective property tax rates. These comparisons lead to a suggested framework for certain methodologies for calculating effective property tax rates.