Illinois' Response to Rising Residential Property Values: An Assessment Growth Cap in Cook County

A recent policy change caps the annual percentage increase in the assessed value of owner-occupied homes in Cook County, Illinois. Assuming that total revenue would remain constant, the result is relief for some financed by higher taxes on others. We estimate these tax burden shifts using data on al...

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Veröffentlicht in:	National tax journal 2006-09, Vol.59 (3), p.707-716
Hauptverfasser:	Dye, Richard F., McMillen, Daniel P., Merriman, David F.
Format:	Artikel
Sprache:	eng
Schlagworte:	Assessed values Estimated taxes Fiscal policy Homestead exemption Income taxes Laws, regulations and rules Limitation of damages Property ownership Property taxes Real property taxes Residences Residential real estate State court decisions Studies Suburbs Tax assessments Tax benefits Tax rates
Online-Zugang:	Volltext
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