PADP 6930 Lecture Notes - Lecture 8: List Of Major League Baseball Career Total Bases Leaders, Tax Sale

• School: University of Georgia
• Department: Public Administration and Policy
• Course: PADP 6930
• Professor: Moldogaziev

Document Summary

Lecture 8b : taxation of property: problems with property tax, low income elasticity of base > needs rate increases to keep up with demand for services (but stable in recessions) Problems for elderly & farmer on urban fringe unexpected attacks of wealth not associated with current income. Uneven geographic distribution of tax base (horizontal scal imbalance) Administration costs relatively high but minimal compliance costs. Politics no politician has lost an election by running against property tax: tax disparity. Statewide > signi cant variation within a state. Countywide > signi cant variation within a county (cities or school district bases) Highest value usually driven by industrial property, not high value residencies but base can be very volatile. Consequence > a given tax rate will yield much more spending power per student where value per pupil is higher. Property taxes in tax systems: among oecd countries, us & uk heaviest users (12% of total taxation), followed by.