The Role of Tax Limitation in New York State's Property Tax Burden

Municipal Finance Journal, Vol. 29, Issue 3, pp. 27-43, Fall 2008

17 Pages Posted: 29 Oct 2012  

Mike Hattery

Rockefeller College of Public Affairs and Policy

Yi (Elaine) Lu

City University of New York (CUNY)

Date Written: 2008

Abstract

Direct voter involvement (or even the potential for direct involvement) in policymaking through initiatives, referenda, and other mechanisms has forever altered the governance landscape in many municipalities. Nowhere is this more evident than the causes and consequences of tax and expenditure limitations (TELs). This paper explores the recent history and potential implications of a particular kind of TEL — property tax rate limitations — for municipalities in New York. The authors use an innovative simulation approach to show that rate limitations might be a fiscally sound and politically effective option for lawmakers who seek to provide tax relief while not causing substantial fiscal harm to municipalities.

Keywords: property tax, expenditure, limitation, tax burden

Suggested Citation

Hattery, Mike and Lu, Yi (Elaine), The Role of Tax Limitation in New York State's Property Tax Burden (2008). Municipal Finance Journal, Vol. 29, Issue 3, pp. 27-43, Fall 2008. Available at SSRN: https://ssrn.com/abstract=2167999

Mike Hattery

Rockefeller College of Public Affairs and Policy ( email )

1400 Washington Avenue
Albany, NY 12222
United States

HOME PAGE: http://www.albany.edu/polis

Elaine Yi Lu (Contact Author)

City University of New York (CUNY) ( email )

695 Park Avenue
New York, NY 10021
United States

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