The Effects of Assessment Quality on Revenue Volatility

19 Pages Posted: 14 Mar 2011

See all articles by Deborah A. Carroll

Deborah A. Carroll

University of Georgia - Department of Public Administration and Policy

Christopher B. Goodman

University of Nebraska at Omaha

Abstract

This paper examines the relationships between assessment quality, property tax revenue volatility, and other revenue volatility using panel data of all 100 counties in North Carolina between 2003 and 2007. Findings suggest that characteristics of the property tax base are the most important predictors of property tax revenue volatility among counties over time. Specifically, increases in assessed value and years in which a mass revaluation occurs are most influential in determining property tax revenue volatility. The second stage of analysis reveals that population, nontax revenue dependence, property tax dependence, and assessment quality have the greatest influences on volatility of other revenues among counties over time. The effect of assessment quality on nonproperty tax revenue volatility is conditional upon a county's property tax dependence.

Suggested Citation

Carroll, Deborah A. and Goodman, Christopher B., The Effects of Assessment Quality on Revenue Volatility. Public Budgeting & Finance, Vol. 31, No. 1, pp. 76-94, 2011. Available at SSRN: https://ssrn.com/abstract=1784075 or http://dx.doi.org/10.1111/j.1540-5850.2011.00975.x

Deborah A. Carroll (Contact Author)

University of Georgia - Department of Public Administration and Policy ( email )

Athens, GA 30602
United States
706-583-0553 (Phone)
706-583-0610 (Fax)

Christopher B. Goodman

University of Nebraska at Omaha ( email )

6001 Dodge Street
Omaha, NE 68182
United States

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