Compensating changes to the property tax levy? : an empirical test of the residual rule Spencer T. Brien
By: Brien, Spencer T
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Material type: 
ArticlePublisher: 2018Subject(s): PROPIEDAD | IMPUESTOS | PROPERTY TAX | GASTO PUBLICO LOCAL | ESTABILIDAD PRESUPUESTARIA | MODELOS ECONOMETRICOSOnline resources: Click here to access online
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Public Finance Review v. 46, n. 6, November 2018, p. 949-973Summary: The residual view of the property tax assumes that local governments set their levies equal to the difference between budgeted expenditures and expected receipts fromother revenues. This approach allows them to adjust the levy to
achieve greater overall revenue stability potentially at the cost of tax predictability. This article presents a formal model of the residual rule and uses it to test whether this active approach to property tax administration describes observed fiscal behavior. This test is conducted using data from county governments
inGeorgia over a fifteen-year period.The results support the validity of the residual rule over an alternative model of passive tax administration.
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| OP 581/2018/6 Public Finance Review | OP 581/2018/6-1 Tax incidence | OP 581/2018/6-2 National versus local production | OP 581/2018/6-3 Compensating changes to the property tax levy? | OP 581/2018/6-4 Fiscal governance, information capacity and subnational capital finance | OP 581/2018/6-5 The growth of local education transfers | OP 581/2018/6-6 The short-term effects of the Kansas income tax cut on employment growth |
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The residual view of the property tax assumes that local governments set their levies equal to the difference between budgeted expenditures and expected receipts fromother revenues. This approach allows them to adjust the levy to
achieve greater overall revenue stability potentially at the cost of tax predictability. This article presents a formal model of the residual rule and uses it to test whether this active approach to property tax administration describes observed fiscal behavior. This test is conducted using data from county governments
inGeorgia over a fifteen-year period.The results support the validity of the residual rule over an alternative model of passive tax administration.
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