property tax

Thorny Property Politics: Cook County’s 2018 Democratic Primary for Assessor

October 30, 2018 // 1 Comment

By Amanda Kass | Assessors play an important role in the property tax process in the United States. A homeowner’s taxes are based on the estimated value of their home, and that estimate is made by the assessor. If an assessor over- or under-values a property, then the homeowner will be over- or under-taxed. Over-taxation can produce a cascade of negative consequences, including foreclosure for failure to pay property taxes, while cities want to maintain high collection rates. Read More

Fiscal Secession (or How Local Special Assessments are Exacerbating Service Inequality)

July 3, 2018 // 0 Comments

Mathew D. McCubbins and Ellen C. Seljan | Local governments across the United States often find themselves needing to seek out new revenue sources, particularly in the face of state limitations on taxation.  Our research examines the usage of special assessments, a particularly popular, but understudied source of local revenues, in the state of California. Today, special assessments are commonly used to back local infrastructure projects and provide growing number of public services, from local fire and police protection to street maintenance and repair. Read More