Ihlanfeldt, Keith R.
Homestead exemptions, heterogeneous assessment, and property tax progressivity / Keith Ihlanfeldt and Luke P. Rodgers
Resumen
Bibliografía.
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.
PROPIEDAD
IMPUESTOS
PROPERTY TAX
VIVIENDA
EXENCIONES TRIBUTARIAS
PROGRESIVIDAD
ESTADOS UNIDOS
Rodgers, Luke P.
National Tax Journal 0028-0283 v. 75, n. 1, March 2022, p. 8- 31
Homestead exemptions, heterogeneous assessment, and property tax progressivity / Keith Ihlanfeldt and Luke P. Rodgers
Resumen
Bibliografía.
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.
PROPIEDAD
IMPUESTOS
PROPERTY TAX
VIVIENDA
EXENCIONES TRIBUTARIAS
PROGRESIVIDAD
ESTADOS UNIDOS
Rodgers, Luke P.
National Tax Journal 0028-0283 v. 75, n. 1, March 2022, p. 8- 31