Download or read book Property Tax Abatements for Municipal Employees written by Kevin Edward McCarthy and published by . This book was released on 1998 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses whether there are any programs through which a municipality can abate property taxes as an incentive for municipal employees to buy homes in distressed neighborhoods.

Download or read book Rethinking Property Tax Incentives for Business written by Daphne A. Kenyon and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.

Download or read book Municipal Tax Abatement written by Michael J. Wolkoff and published by . This book was released on 1984 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Local Development and Tax Abatements written by Anthony Lupo and published by . This book was released on 2000 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Abatements written by Ed Kelly and published by . This book was released on 1979 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Assessors Warrant A form filled up with the name of the Assessor for the parish of Mattishall Bergh Norfolk The Duty of Assessors under an act passed in the forty third year of the reign of King George the Third etc written by Great Britain. Board of Inland Revenue and published by . This book was released on 1837 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Offering Municipal Property Tax Abatements written by Robert W. Wassmer and published by . This book was released on 1996 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Commercial Tax Abatements written by Jon Gauthier and published by . This book was released on 1987 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Special Committee on Tax Exemptions for Residential Residential Property Columbus Park written by Wisconsin. Legislature. Legislative Council. Special Committee on Tax Exemptions for Residential Property (Columbus Park) and published by Legislative Reference Bureau. This book was released on 2005 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Local Tax Policy on Urban Economic Development written by Roy W. Bahl and published by . This book was released on 1980 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Information Bulletin explores the effects of local tax policy on urban economic development. The paper is practitioner-oriented and addresses the question of how local officials might best think through the advisability of adjusting local taxes to stimulate community job formation.

Download or read book Reducing Property Taxes to Promote Industrial Development written by and published by . This book was released on 1988 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Detroit and the Property Tax written by Gary Sands and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report outlines the problems underlying the erosion of Detroit's property tax base--a factor that contributed to the city's bankruptcy in 2013. It offers recommendations for reform at the local and state level, as well as insight and analysis to help policy makers across the country protect their communities from economic decline.

Download or read book Distressed Municipalities Offering Property Tax Abatements for Rehabilitated Homes and Apartments written by John Moran and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizes the CT statutes allowing municipalities to abate property taxes on rehabilitated homes and apartments and to determine if the state-designated distressed municipalities offer them to the properties' owner-occupants.

Download or read book Louisiana Architecture written by Jonathan Fricker and published by University of Louisiana. This book was released on 1998 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to architectural styles that have shaped Louisiana's landscapes.

Download or read book The Investment Decision in the Central City written by Dipak K. Gupta and published by . This book was released on 1978 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Study on Relationship Between Local Utilization of Manufacturing Property Tax Abatement and Local Conditions in Michigan Cities written by Hyunsung Lee and published by . This book was released on 1999 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Do Tax Abatements impair the Financing of Local Public Education written by Wayne R. Wendling and published by . This book was released on 1981 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: