Testing for Vertical Inequity in Property Tax Systems

Mark A. Sunderman (), John W. Birch, Roger E. Cannaday () and Thomas W. Hamilton
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Mark A. Sunderman: Business Administration (Finance) University of Wyoming PO Box 3275 University Station Laramie, Wyoming 82071, http://business.uwyo.edu/
John W. Birch: Economics University of Wyoming PO Box 3985 University Station Laramie, Wyoming 82071, http://business.uwyo.edu/
Roger E. Cannaday: Finance University of Illinois 1047 W. Gregory Drive 304A DKH Urbana, Illinois 61801, http://www.cba.uiuc.edu/finance/
Thomas W. Hamilton: Business Administration (Finance) University of Wyoming PO Box 3275 University Station Laramie, Wyoming 82071, http://business.uwyo.edu/

Journal of Real Estate Research, 1990, vol. 5, issue 3, 319-334

Abstract: Models for testing assessor performance have been widely discussed in the literature. Many have been used in practice. The purpose of this study are to evaluate the performance of existing models and to propose two new models. We find that existing models can be used correctly to test for inequity when their functional form is consistent with the pattern of the assessment-sales ratio data. Results from the application of different models show inconsistencies since the appropriate functional form may vary for different data sets. The new models have the ability to emulate the forms of the existing models as well as handle more complex relationships.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (10)

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