Where in Connecticut Is the Best Location for a Split Tax? An Analysis of Land Assessment Equity in Several Cities

Buildings

Jeffrey P. Cohen¹  Michael J. Fedele² 

[1] Center for Real Estate and Urban Economic Studies, School of Business, University of Connecticut, 2100 Hillside Road, Unit 1041-RE, Storrs, CT 06269, USA;Fedele Group LLC, Londonderry, NH 03053, USA;

关键词: land value tax;    property tax;    assessment equity;   

DOI  :  10.3390/buildings7040108

来源: DOAJ

【 摘 要 】

The ability of local assessors to accurately estimate land values separately from structure values is important when considering a split tax. When the value of land is estimated with less variation, there is greater equity. We examine land ratios in New London, New Haven, and Hartford Connecticut and sub-groupings within these cities for 2006 to 2010. Overall, the land ratios coefficients of dispersion (COD), a measure of horizontal equity, are too large for an equitable split tax. We also look at land assessment equity among sub-groupings of properties near parks, highway exits, airports, Yale University (for New Haven), residential versus commercial properties, land with old versus new properties, and large versus small parcels and ‘expensive’ versus ‘less expensive’ properties (by examining price per square foot). Commercial properties near Hartford’s Brainard Airport are the best candidates for an equitable split tax. We also find that more frequent revaluations are necessary for an equitable split tax.

【 授权许可】

Unknown