Romeu Alfaro, Fernanda
The effect of property assessment reductions on tax delinquency and tax foreclosure / Fernanda Alfaro, Dusan Paredes, and Mark Skidmore
This article evaluates the impacts of residential property tax bill reductions on tax delinquency and property tax foreclosure in Detroit, using the substantial decline in tax bills driven by a citywide reassessment. Using parcel-level data between 2012 and 2019, we find that property tax reductions resulting from the property reassessment generated meaningful tax compliance improvements. Detroit offers important lessons for other cities experiencing chronic population decline, excess supply of housing, and potentially inflated assessment valuations for property tax purposes.
REDUCCIONES TRIBUTARIAS
IMPUESTO SOBRE LA PROPIEDAD
HIPOTECAS
OBLIGACIONES TRIBUTARIAS
DEMOGRAFIA
ESTADOS UNIDOS
Paredes, Dusan
Skidmore, Mark
National Tax Journal 0028-0283 v.78, n.2, June 2025, p. 415-433
The effect of property assessment reductions on tax delinquency and tax foreclosure / Fernanda Alfaro, Dusan Paredes, and Mark Skidmore
This article evaluates the impacts of residential property tax bill reductions on tax delinquency and property tax foreclosure in Detroit, using the substantial decline in tax bills driven by a citywide reassessment. Using parcel-level data between 2012 and 2019, we find that property tax reductions resulting from the property reassessment generated meaningful tax compliance improvements. Detroit offers important lessons for other cities experiencing chronic population decline, excess supply of housing, and potentially inflated assessment valuations for property tax purposes.
REDUCCIONES TRIBUTARIAS
IMPUESTO SOBRE LA PROPIEDAD
HIPOTECAS
OBLIGACIONES TRIBUTARIAS
DEMOGRAFIA
ESTADOS UNIDOS
Paredes, Dusan
Skidmore, Mark
National Tax Journal 0028-0283 v.78, n.2, June 2025, p. 415-433