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- Title
Sub-County Property Tax Shifts Attributable to Use-Value Assessments on Farmland.
- Authors
Dunford, Richard W.; Marousek, Douglas C.
- Abstract
As of 1979, forty-seven states had enacted property tax relief programs in an effort to discourage the conversion of farmland to more intensive uses and⁄or provide property tax relief for farmland owners. The purpose of this article is to examine the sub-county property tax shifts attributable to Washington's use-value assessment program. The enrollment of eligible land in a use-value assessment program decreases the aggregate property tax base. For a given amount of revenue to be raised, the tax rate must therefore increase to offset the decrease in the tax base. This higher tax rate is applied to all property within the taxing jurisdiction. Consequently, the property tax liability on nonparticipating property increases. The decreased assessment on enrolled land is offset to some degree by the higher tax rate, but participation in a use-value assessment program results in a net decrease in the property tax burden on enrolled land in the aggregate. Tax increases due to a use-value assessment program may be relatively large in sub-county areas even when tax increases at the county aggregate level are quite small. Counties with relatively large aggregate tax shifts will, of course, also have relatively large tax increases in sub-county areas.
- Subjects
WASHINGTON (State); UNITED States; FARMS; TAXATION of farms; VALUATION of real property; TAX shifting; PROPERTY tax relief; EFFECT of taxation on land use; LAND value taxation; TAX base; PROPERTY tax
- Publication
Land Economics, 1981, Vol 57, Issue 2, p221
- ISSN
0023-7639
- Publication type
Industry Overview
- DOI
10.2307/3145788