States are under pressure to enact property tax relief, but popular fixes like assessment limits can backfire. Grateful to join @bellwetherorg at @EdCommission's National Forum to share @landpolicy research on tools that protect taxpayers without undermining K-12 ed funding.
When home values rise, what policy options respond to taxpayer concerns while preserving the strengths of the property tax? I am talking with Rep. Smith (KS) & Rep. Kornheiser (VT) at NCSL’s Legislative Summit in Boston on Aug. 6. https://t.co/0NmOKaKqnI @NCSLsummit@landpolicy
Our recent video “Balancing Act: The Property Tax-School Funding Dilemma" was named a Silver Telly Winner in the 46th Annual @tellyawards in the General-Explainer category.
Watch the video: https://t.co/2Gtrkn04S6
Just published: The Lincoln Institute and the Minnesota Foundation for Fiscal Excellence’s new 50-State Property Tax Comparison Study provides a detailed, city-by-city analysis of property tax rates for the 2024 tax year.
NEW: Our just-released explainer video, “Balancing Act: The Property Tax–School Funding Dilemma,” examines the roles of local property tax and state aid in funding public education.
🎬 Watch the full 15-minute video: https://t.co/nplCPPV3Xu
Bethany Paquin and Daphne Kenyon are at #AEFP2023 giving away copies of their report and policy brief "Rethinking the Property Tax School Funding Dilemma" as well as other Lincoln Institute resources on the link between land and education. Learn more:
https://t.co/Qi1lvO8A4r
In the three years my colleagues and I have been working on this report, a lot has changed in education. But one thing that has not changed is the need for both local control and meaningful state support to fund high-quality education efficiently and equitably.
Our new report "Rethinking the Property Tax–School Funding Dilemma" explains the advantages of the #propertytax compared to other local taxes as a source of school funding and demonstrates how states can adopt policies to address drawbacks of the tax. https://t.co/TDF8SPEgA4
Are you curious about how the property tax works? This explainer video shows how the property tax works, how tax bills are calculated, and how changes in local spending, rates, and assessments affect how much you pay.
Property Tax 101: The Mechanics https://t.co/Dym6ht4GMH
In a big win for school choice, the U.S. Supreme Court upheld the use of tax credit-supported school choice scholarships at private religious schools. Currently, 14 students at DCA benefit from a similar program in New Hampshire @CSF_NH - BP
If you are curious about how your state's property tax system compares to systems in other states, check out our newly updated visualization tool. The expert-authored state narratives provide context to understand differences in how state and local governments tax property.
Our State-by-State Property Tax at a Glance visualization tool now includes updated state property tax developments through 2019, new content on school finance history, and recent demographic data. Check it out: https://t.co/P2CYdfconJ
This fascinating visualization from LawAtlas shows state preemption of local governments across the U.S. Data on property tax levy limits and rate limits relies on our @landpolicy property tax database Significant Features of the Property Tax.
Hawaii is the only state in the US without preemption in any of the 12 domains captured in our newest dataset w/ @leagueofcities + @RWJF examining state-level preemption.
Explore the data: https://t.co/dqzvGLD941
Our study of property tax abatement in Franklin County, Ohio finds that an increase in school district abatement intensity yields small positive effects on market values and decreases in tax rates. Ohio's CRA abatement process exemplifies transparency and accountability.
Authors @dkenyonnh, @rwassme, Adam Langley, and @PaquinBethany analyze the effects of property tax abatement on the property tax base and rates of school districts offering the abatement. Read more about their results below. https://t.co/W6greOBJSA
So far 49 states have considered 648 education finance bills in 2019 legislative sessions!
- Emily Parker, Education Commission of the States
#EconPerspectives@landpolicy@BostonFed
"A PILOT program requires a strong partnership between a community and it's nonprofits, and that relationship takes a lot of time, effort, and commitment to build."
- Matthew Englander, former director of tax policy, City of Boston
#EconPerspectives@landpolicy@BostonFed
Congrats to my colleague, Riley Sullivan, on the release of his new report: finds that most NE states spend a greater share of total government expenditures on opioid-related costs than the average U.S. state.
https://t.co/LKGsiJVVFI
@maybejohnmay@RetirementRsrch@landpolicy@dkenyonnh This is a state authorized program that local governments administer. Munnell and Walters propose check box on tax bill for easy enrollment and to increase awareness.
Half of working families in the U.S. will face a retirement shortfall, with greatest risk in states with high housing costs. Could an expanded property tax deferral program open to all homeowners age 65+ be a partial solution?
#econperspectives@landpolicy@dkenyonnh
https://t.co/J4Kj8bwnti
"The figures suggest that a number of women who put off having babies after the 2007-09 recession are forgoing them altogether."