A Property Tax Base Model

Ira Epstein

Real Estate Economics, 1979, vol. 7, issue 2, 147-162

Abstract: This model analyzes fiscal year changes and shifts in local government's real property tax base. The three variables quantified by this analysis are net new development, change in assessment‐market price ratio and appreciation. The model's results provide useful analytical data to taxpayers and policy makers. These data can be used to help determine policy actions relative to (1) the amount and type of development and its impact on the future fiscal position of the respective jurisdiction; (2) the equity of the various property classes' assessment‐sales price ratios; and (3) possibly altering the rate of appreciation among the various classes. The model might also be used on a sub‐area basis to help determine prospering and declining areas, and to help forecast the property tax base and revenue.

Date: 1979
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