Connecticut's Land Value Taxation Public Act: Who Would Bear the Burden?

Jeffrey Cohen and Michael J. Fedele ()
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Michael J. Fedele: Fedele Group LLC

Journal of Real Estate Research, 2017, vol. 39, issue 1, 39_64

Abstract: Land value taxation or split-rate taxation (SRT) in Connecticut is close to reality with Public Act 15-184. We simulate short-run tax burdens for property owners in two Connecticut cities when moving from a uniform property tax to SRT. We examine whether higher valued property owners face higher tax increases when moving to SRT. A major contribution is our examination of horizontal equity with revenue-neutral SRT in a city's sub-sections, which this Connecticut legislation allows. We find the shift in tax burden among property classes is unique to individual neighborhoods. This highlights the importance of considering city sub-sections for implementing SRT.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2017
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