Estimates of the Uniform and Equal Property Tax Base before Exemptions

44 Pages Posted: 7 Nov 2012  

W. Bartley Hildreth

Georgia State University - Andrew Young School of Policy Studies

John D. Wong

Wichita State University - Hugo Wall School of Urban & Public Affairs

Date Written: November 16, 2007

Abstract

The property tax was originally intended to be a tax on the stock of wealth, in essence all property – real and personal, tangible and intangible. Estimating the property tax base without any exemptions or other legal deviations from market value is an exercise that permits the discussion to return to the original concept of a “uniform and equal” property tax on all property. Although no previous attempt to estimate this total “theoretical” property tax base (in Kansas or elsewhere) could be found, an admittedly imprecise initial estimate was derived based on a series of estimating assumptions.The results reveal that the Kansas constitution and statutes currently exempt or otherwise do not tax approximately 97.2 percent of estimated total assets.

Keywords: property tax

JEL Classification: H24, H71, K34, P35, R38

Suggested Citation

Hildreth, W. Bartley and Wong, John D., Estimates of the Uniform and Equal Property Tax Base before Exemptions (November 16, 2007). Available at SSRN: https://ssrn.com/abstract=2171839 or http://dx.doi.org/10.2139/ssrn.2171839

W. Bartley Hildreth (Contact Author)

Georgia State University - Andrew Young School of Policy Studies ( email )

14 Marietta Street, NW
Atlanta, GA 30303-3992
United States
404-413-0271 (Phone)

John D. Wong

Wichita State University - Hugo Wall School of Urban & Public Affairs

United States

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