How Do Cities and Counties Respond to Changes in Their Property Tax Base?

Keith Ihanfeldt
Additional contact information
Keith Ihanfeldt: Florida State University

The Review of Regional Studies, 2011, vol. 41, issue 1, 27-48

Abstract: Over the past decade, the per capita property tax bases of local governments have experienced large upward and downward movements as the result of the boom and bust in real estate markets. This paper provides some evidence on how local governments balance their budgets as their tax base changes. The results suggest that millage rates are adjusted in an attempt to stabilize property tax revenues. The millage rate offset is nearly complete for counties, but less than complete for cities. Cities alter selected expenditures to keep total expenditures in line with total revenues.

Keywords: local government budgets; property tax base (search for similar items in EconPapers)
JEL-codes: H11 H72 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://journal.srsa.org/ojs/index.php/RRS/article/download/46/206 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rre:publsh:v:41:y:2011:i:1:p:27-48

Access Statistics for this article

The Review of Regional Studies is currently edited by Tammy Leonard & Lei Zhang and Lei Zhang

More articles in The Review of Regional Studies from Southern Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Tammy Leonard & Lei Zhang ().