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)

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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.