Download or read book Reassessment of Land Tax written by Egypt. Wizārat al-Mālīyah. Department of Direct Taxes and published by . This book was released on 1900 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Tax Reassessment written by Stewart E. Sterk and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property tax assessment practices vary considerably among the states. Most states require periodic reassessments to ensure that property tax burdens reflect current market values, while California and a few other states base assessments almost exclusively on purchase price. The horizontal equity case for assessments based on current market value, however, ignores the impact of tax capitalization, which ensures that the purchase price of homes will reflect (and therefore dissipate) any inequity in tax charges. Moreover, efforts to maintain assessments on current market value are costly, plagued by inaccuracy, and rife with the potential for political favoritism. Conversely, however, tax assessments based exclusively on purchase price creates excessive variance between the benefits individual homeowners receive from municipal services and the taxes they pay for those services. That variance increases the potential for inefficient voter behavior, and consequently for inefficient provision of municipal services. To address these problems, the article suggests that property tax assessments should be based on initial purchase price during the ownership period, with a retrospective adjustment at the time of sale to reflect the below-market assessments enjoyed by the seller during her period of ownership. In its simplest form, the retrospective adjustment would be based on an average of the purchase and sale prices. The proposal eliminates the need for periodic reassessment, and more closely aligns the cost each homeowner bears for municipal services with the benefits received.
Download or read book Reassessment of Land Tax written by Egypt. Wizārat al-Mālīyah. Dept. of Direct Taxes and published by . This book was released on 1900 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Assessing the Theory and Practice of Land Value Taxation written by Richard F. Dye and published by Lincoln Inst of Land Policy. This book was released on 2010 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The land value tax is the focus of this Policy Focus Report, Assessing the Theory and Practice of Land Value Taxation. A concept dating back to Henry George, the land value tax is a variant of the property tax that imposes a higher tax rate on land than on improvements, or taxes only the land value. Many other types of changes in property tax policy, such as assessment freezes or limitations, have undesirable side effects, including unequal treatment of similarly situated taxpayers and distortion of economic incentives. The land value tax can enhance both the fairness and the efficiency of property tax collection, with few undesirable effects; land is effectively in fixed supply, so an increase in the tax rate on land value will raise revenue without distorting the incentives for owners to invest in and use their land. A land value tax has also been seen as a way to combat urban sprawl by encouraging density and infill development. Authors Richard F. Dye and Richard W. England examine the experience of those who have implemented the land value tax -- more than 30 countries around the world, and in the United States, several municipalities dating back to 1913, when the Pennsylvania legislature permitted Pittsburgh and Scranton to tax land values at a higher rate than building values. A 1951 statute gave smaller Pennsylvania cities the same option to enact a two-rate property tax, a variation of the land value tax. About 15 communities currently use this type of tax program, while others tried and rescinded it. Hawaii also has experience with two-rate taxation, and Virginia and Connecticut have authorized municipalities to choose a two-rate property tax. The land value tax has been subjected to studies comparing jurisdictions with and without it, and to legal challenges. A land value tax also raises administrative issues, particularly in the area of property tax assessments. Land value taxation is an attractive alternative to the traditional property tax, especially to much more problematic types of property tax measures such as assessment limitations, the authors conclude. A land value tax is best implemented if local officials use best assessing practices to keep land and improvement values up to date; phase in dual tax rates over several years; and include a tax credit feature in those communities where land-rich but income-poor citizens might suffer from land value taxation.
Download or read book Fundamentals of Appealing Property Reassessments written by Robert Ray (Jr.) and published by . This book was released on 1994 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Assessment of Real Estate written by Lawson Purdy and published by . This book was released on 1923 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Tax Assessment Limits written by Mark Haveman and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This policy focus report examines options that exist for timely and efficient aid to needy taxpayers, including circuit breaker programs that reduce taxes based on income level; truth in taxation measures; deferral options on property tax payments; partial exemptions on owner-occupied or homestead properties; and classified tax rates.
Download or read book Reassessment of Land Tax written by and published by . This book was released on 1900 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Good Tax written by Joan Youngman and published by . This book was released on 2016 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In A Good Tax, tax expert Joan Youngman skillfully considers how to improve the operation of the property tax and supply the information that is often missing in public debate. She analyzes the legal, administrative, and political challenges to the property tax in the United States and offers recommendations for its improvement. The book is accessibly written for policy analysts and public officials who are dealing with specific property tax issues and for those concerned with property tax issues in general.
Download or read book Reassessment of Land Tax written by Egypt. Wizārat al-Mālīyah. Department of Direct Taxes and published by . This book was released on 1901 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Role of the States in Strengthening the Property Tax written by United States. Advisory Commission on Intergovernmental Relations and published by . This book was released on 1963 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Tax Reassessment written by Dona Sapp and published by . This book was released on 2001 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of the Implementation of the 1966 Real Property Tax Reform Legislation Upon Land Use Patterns Level of Real Estate Market Activity and the Public s Attitude Toward Real Property Ownership in California written by William H. Hippaka and published by . This book was released on 1974 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dictionary of Real Estate Appraisal written by and published by . This book was released on 2002 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reference book defines hundreds of terms related to buildings, properties, markets, regulations, and appraisal. Specialized sections cover property types, business valuation, international valuation, real estate organizations and professional designations, legal and regulatory aspects, uniform standards, information technology, measures and conversions, and architecture and construction. The architecture and construction section is heavily illustrated with black-and-white photographs and diagrams. Annotation copyrighted by Book News, Inc., Portland, OR.
Download or read book Market enforced Self assessment for Real Estate Taxes written by John Strasma and published by . This book was released on 1965 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyclical and Continuous Reassessment of Real Property for Ad Valorem Taxation written by Edward C. Winslow and published by . This book was released on 1975 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Role of the State in Property Taxation written by Lincoln Institute of Land Policy and published by Lexington, Mass. : Lexington Books. This book was released on 1983 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation of contributions by various authors on the subject of property taxation as in effect in the USA.
