Presentation Title (Limit of 12 words)
Assessed Value Caps: Panacea or Deception
Presentation Category
01 WORKING WITH THE LEGAL FRAMEWORK
Session Description
When market values rise rapidly or disproportionately, taxes may increase unexpectedly. Value increase caps often are considered as quick solutions, but this distorts the property tax, often in unforeseen and equally unacceptable ways. This presentation showcases original research using actual parcel level data to demonstrate the effects of value caps.
Audience Expertise
General Interest (Appropriate for all experience level)
Start Date
9-1-2020 12:30 PM
End Date
9-1-2020 1:30 PM
Assessed Value Caps: Panacea or Deception
When market values rise rapidly or disproportionately, taxes may increase unexpectedly. Value increase caps often are considered as quick solutions, but this distorts the property tax, often in unforeseen and equally unacceptable ways. This presentation showcases original research using actual parcel level data to demonstrate the effects of value caps.
