Income distribution effects of the urban property tax with emphasis on the reappraisal lag: a theoretical and empirical analysis of the Multnomah Couny experience

TL;DRAbstract

There exist a number of factors which operate as potentially significant determinants of the distributional impact of the property tax within any specific urban or metropolitan area. This study is an attempt to explain the income distribution effects of one factor – the property tax reappraisal lag. The study is limited mainly to the impact of the lag on owners of single-family housing. An income distribution problem arises because each property subject to the property tax is reappraised only every five or six years. Each Oregon county is divided into five or six maintenance districts to facilitate reappraisal. For example, Multnomah County, which is the subject area of the thesis text, currently has five maintenance districts. All properties in one maintenance district are reappraised each year. Insofar as property values, as well as the income of the owners of these properties, experience differential movements during the five-year period in which the original appraisal is maintained

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