Incentive Taxation
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Recent Posts

LVT in Los Angeles? Op-Ed says go for it.
Welcome to the Zany World of NYC's Property Tax
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Incentive Taxation

Baltimore

The property tax needs respect but repair

The implosion of revenues for local and state governments over the past seven years, and a stalled, weak recovery leaves public discussion on funding the public/civic sector in the tired old debate between tax-and-spend and cut and slash. In weak regional economies and in times of recession, the first tax revenue to slide are income taxes, then sales taxes, then business taxes, and lastly property taxes. Property taxes are built upon a far more stable base than other forms of tax, and they are now understood to be generally progressive in impact.

Mission Creep: the tax-exempt sector threatens to engulf older cities

The November 2012 Governing magazine edition provided a very rough overview of the extent of nontaxable real property in major American cities.
 
What properties are most often exempt? Generally property owned by charitable organizations (Code section 501(c)(3)), Public charities, Private foundations, Social welfare organizations (section 501(c)(4)), Agricultural/horticultural organizations (section 501(c)(5)), Labororganizations (section 501(c)(5)) and Business leagues (trade associations

Dr. Bill Peirce Advises: One Step Beyond

Steve Hanke and Stephen Walters have been writing on taxation and economic policy for years, with close analyses of what makes urban areas hit or miss. Theirlatest piecein the Wall Street Journal emphasizes why some cities are more stable than others: reasonable taxes.  Some might disagree that low property taxes are the driver of growth, although that helps.  Taxation on mobile forms of wealth, like incomes, commerce and sales hurt more.

Happily, respected Case Western economics professor

The law of unintended consequences. Again

Baltimore's property tax in need of a restructuring, not a quick fix 
Fells Point: Back from the Brink

The sad reality of any tax program meant to help working and middle-class homeowners is how quickly the original intent can be lost, and the reform program can actually lead to further iniquities. That is the case in the city of Baltimore Maryland wherethe Homestead Property Tax Creditacts as a tax cap that prevents increases in a property's value from adding to the tax bill the homeowner actually pays.