Property Value Assessment Growth Limits, Tax Base Erosion, and Regional In-Migration

Mark Skidmore and Mehmet Tosun

Public Finance Review, 2011, vol. 39, issue 2, 256-287

Abstract: In 1994, a limit on the growth of property values for tax purposes was imposed in Michigan. One consequence of the newly imposed assessment growth cap was an emerging differential in tax prices between potential new property owners and long-time property owners. The purpose this article is to examine the impact of this growing tax price differential on migration patterns. Using county level data on migration activity over the 1994-2006 period, the authors present evidence that differential tax prices resulting from the assessment growth cap have reduced in-migration.

Keywords: property tax; assessment growth limit; migration (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (7)

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Working Paper: Property Value Assessment Growth Limits, Tax Base Erosion and Regional In-Migration (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:39:y:2011:i:2:p:256-287

DOI: 10.1177/1091142110381636

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