Proposition 13: unintended effects and feasible reforms.(California Proposition 13): An article from: National Tax Journal

This digital document is an article from National Tax Journal, published by National Tax Association on March 1, 1999. The length of the article is 6965 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This paper explores the causes and consequences of Proposition 13, focusing on its effects on horizontal equity among homeowners, household mobility, and the fiscal structure of state and local government. Horizontal inequities arise because a household's property tax liability depends on the purchase price of its property, not the market value. If property values rise over time, a homeowner in a recently purchased dwelling will pay more taxes than a homeowner who purchased an identical dwelling some time earlier. Proposition 13 and its implementing legislation decreased the relative importance of the property tax, transformed the property tax from a local tax into a statewide tax, and was a contributing factor in the decrease in the overall burden of state and local taxes.

Citation Details
Title: Proposition 13: unintended effects and feasible reforms.(California Proposition 13)
Author: Terri A. Sexton
Publication:National Tax Journal (Refereed)
Date: March 1, 1999
Publisher: National Tax Association
Volume: 52 Issue: 1 Page: 99(1)

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