New Housing, Paying Its Way? PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download New Housing, Paying Its Way? PDF full book. Access full book title New Housing, Paying Its Way? by Stephen Hathaway. Download full books in PDF and EPUB format.
Author: Stephen Hathaway
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 20
Get Book Here
Book Description
Author: Stephen Hathaway
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 20
Get Book Here
Book Description
Author: California. Legislature. Assembly. Committee on Local Government
Publisher:
ISBN:
Category : Local finance
Languages : en
Pages : 500
Get Book Here
Book Description
Author: Colin H. McCubbins
Publisher:
ISBN:
Category :
Languages : en
Pages : 23
Get Book Here
Book Description
The effects of California's Proposition 13 are far reaching in both California state and municipal government finance. For local governments, who relied most heavily on property taxes to fund infrastructural development and public services, the effects were especially pronounced. Previous findings have indicated that this has caused local governments to substitute away from property taxes towards uncapped revenue sources, such as sales taxes and charges and fees. To better understand the effects of Proposition 13 on local government finance, we leverage a peculiarity in the letter of the law: homes are reassessed upon sale. As such, we test the effects of high homeowner mobility on local government finances. We find that in municipalities with greater mobility have larger proportions of their revenue generated by property taxes, indicating that as more houses are reassessed, local governments are shifting their revenue burdens back towards property taxes.
Author: Fred E. Foldvary
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Prior to the passage of Proposition 13, local governments in California set their own property tax rates and received the revenues. California's Proposition 13, enacted in June 1978, severely limits the state's ad valorem real property tax. The measure limits the real property tax to one percent of the purchase price, and also limits the annual increase to two percent until the title is transferred. The proposition also shifted the allocation of the revenues from the counties to the state. However, state laws and local initiatives have enabled cities and counties to circumvent the limitations of Proposition 13 to extract revenue from real estate with parcel taxes, special assessment districts, developer charges, and other charges. Real estate is also tapped privately to by homeowner association assessments, which play an increasingly important role in providing civic services. This paper analyzes the impact of Proposition 13 and examines these statewide and local measures to get around the tax limitation. While the initial impact of Proposition 13 was a reduction in the state's fisc, increases in the sales and other taxes as well as local revenue sources have now restored the tax burden of Californians to slightly above the national average. Thus, the proposition has been largely an exercise in futility, centralizing government, greatly increasing the complexity of its public finances, and ultimately failing to constrain the size of government.
Author:
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 16
Get Book Here
Book Description
Author: Mark Haveman
Publisher:
ISBN: 9781558441675
Category : Property tax
Languages : en
Pages : 0
Get Book Here
Book Description
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.
Author: Arthur O'Sullivan
Publisher: Cambridge University Press
ISBN: 0521461596
Category : Business & Economics
Languages : en
Pages : 170
Get Book Here
Book Description
Property tax revolts have occurred both in the United States and abroad. This book examines the causes and consequences of such revolts with a special focus on the California experience with Proposition 13. The work examines the consequences of property tax limitations for public finance with a detailed analysis of the tax system put into place in California. New theoretical approaches and new evidence from a comprehensive empirical study are used to highlight the equity and efficiency of property tax systems. Since property taxes are the primary source of revenue for local governments, the book compares and contrasts the experiences of several states with regard to the evolution of local government following property tax limitations. Finally, the book considers alternatives for reform and lessons to avoid future tax conflicts of this kind.
Author: Jeffrey I. Chapman
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Get Book Here
Book Description
Author: Nada Wasi
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 38
Get Book Here
Book Description
"Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that properties be assessed at market value at the time of sale, and allows assessments to rise by no more than 2% per year until the next sale. In this paper, we examine how Prop 13 has affected the average tenure length of owners and renters in California versus in other states. We find that from 1970 to 2000, the average tenure length of owners and renters in California increased by 1.04 years and .79 years, respectively, relative to the comparison states. We also find substantial variation in the response to Prop 13, with African-American households responding more than households of other races and migrants responding more than native-born households. Among owner-occupiers, the response to Prop 13 increases sharply as the size of the subsidy rises. Homeowners living in inland California cities such as Bakersfield receive Prop 13 subsidies averaging only $110/year and their average tenure length increased by only .11 years in 2000, but owners living in coastal California cities receive Prop 13 subsidies averaging in the thousands of dollars and their average tenure length increased by 2 to 3 years"--National Bureau of Economic Research web site.
Author: California. Department of Finance. Program Evaluation Unit
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 98
Get Book Here
Book Description
