Abstract

http://ssrn.com/abstract=1088482
 
 

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The Increasing Use of Property Tax Abatement as a Means of Promoting Sub-National Economic Activity in the United States


Robert W. Wassmer


California State University, Sacramento - Department of Public Policy & Administration

December 12, 2007


Abstract:     
The swift increase in stand-alone property tax abatement programs (SAPTAPS) allowed within the United States (from 30 percent of the states allowing them in 1964 to 70 percent in 2004), the nationwide erosion in property tax base they likely generate, and the wide variety of arguments given both pro and con for the continued existence of these programs are the reasons their use is explored in this paper. The paper first offers evidence on the increasing use of property tax abatement in the United States, and the arguments previously put forth in favor and against the use of this form of economic development incentive. Next, the economic theory indicating why abatement may promote sub-national economic development is summarized. This is followed by a description of the types and prevalence of SAPTAPs currently in the United States, and a summary of the best empirical evidence that exists on the effects of property tax abatements. The conclusion offers my own recommendations in regard to how sub-national decision makers should view the offering of SAPTAPs and policy suggestions for the future of property tax abatement in the United States.

Number of Pages in PDF File: 50

Keywords: Property Tax Evidence, United States, Public Policy, Empirical Evidence

JEL Classification: H71, R53

working papers series


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Date posted: February 6, 2008  

Suggested Citation

Wassmer, Robert W., The Increasing Use of Property Tax Abatement as a Means of Promoting Sub-National Economic Activity in the United States (December 12, 2007). Available at SSRN: http://ssrn.com/abstract=1088482 or http://dx.doi.org/10.2139/ssrn.1088482

Contact Information

Robert William Wassmer (Contact Author)
California State University, Sacramento - Department of Public Policy & Administration ( email )
Sacramento, CA 95819-6081
United States
916-278-6304 (Phone)
916-278-6544 (Fax)
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