Homestead exemptions, heterogeneous assessment, and property tax progressivity Keith Ihlanfeldt and Luke P. Rodgers
By: Ihlanfeldt, Keith R
.
Contributor(s): Rodgers, Luke P.
Material type: 
ArticleSubject(s): PROPIEDAD | IMPUESTOS | PROPERTY TAX | VIVIENDA | EXENCIONES TRIBUTARIAS | PROGRESIVIDAD | ESTADOS UNIDOS
In:
National Tax Journal v. 75, n. 1, March 2022, p. 8- 31Summary: 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.
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Resumen
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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.
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