Property Tax Assessment Quality: Willingness-to-Pay for Reduced Risk in a Lab Experiment

Jason J. Delaney (), David Sjoquist and Sally Wallace ()
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Jason J. Delaney: Georgia Gwinnett College
Sally Wallace: Georgia State University and African Tax Institute, University of Pretoria RSA

Hacienda Pública Española / Review of Public Economics, 2020, vol. 234, issue 3, 23-58

Abstract: We conduct a laboratory experiment to explore the willingness to pay to improve the accuracy of property assessment and issues regarding attitudes toward these assessments and taxes. We explore individual willingness to pay to improve property assessment accuracy; the extent to which the willingness to pay to improve the accuracy of property assessments depends on whether the risk for other property owners decreases; and finally, we use the results to estimate demand for reduced risk and find that subjects were not willing to pay to reduce the assessment variance to a level consistent with best practices in property tax assessment.

Keywords: Property Tax Assessment; experiment (search for similar items in EconPapers)
JEL-codes: C91 H7 (search for similar items in EconPapers)
Date: 2020
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