Purchase Solution

Property tax: economic effects

Not what you're looking for?

Ask Custom Question

Discuss the economic effects of the property tax. Consider the fairness, purpose, and use of the tax. Provide appropriate examples.

Purchase this Solution
Solution Summary

The solution provides insight and guidance in understanding the economic effects of property tax. Examples are included in the discussion.

Solution Preview

Property are one of the contentious issues at the local level of government. Since they fund everything from the services, payroll, facilities, and government officials and equipment to the schools to the fire/police/rescue/landfill services, they are an important tax. People complain about the assessments that the taxes are based on. They complain because they do not like to fund the new developments' needs such as roads, and they do not like to fix the roads in areas they do not live. They do not like ...

Purchase this Solution
Free BrainMass Quizzes
Canadian Politics

A brief look into various aspects of Canadian Politics.

View More Free Quizzes
Related BrainMass Solutions

  • Budget revenue

    The source of revenues is mainly sales tax, property tax and income tax. If the economic conditions are healthy, there will be a high level of economic activity and the sales tax/income tax collections will be high.

  • Land and Property Tax Effect on Direct Foreign Investment

    424299 Land and Property Tax Effect on Direct Foreign Investment Suppose you were appointed economic adviser to a less-developed nation in Africa.

  • Business cycles: phases, indicators, measures, economic evolution

    He recommended the use of fiscal and monetary measures to mitigate the adverse effects of economic recessions and depressions.

  • Suppose you were appointed economic advisor to a less-develo

    Some may be inclined to raise the tax rate on the property owned by the foreigner, because the sole purpose in this case is to add to economic development.

  • Capital vs. Operating Leases

    The economic life is eight years. 2. The term of the lease is five years. 3. Lease payment of $20,000 per year is due at the beginning of each year beginning January 2, 2008. 4. The fair market value of the lease property is $96,000. 5.

  • Antitrust and Regulation Questions

    A sales tax A sales tax will increase the cost of the final product to consumers. This causes a decline in the number of units sold.

  • Taxable Equivalent Yield Concept

    of changes in circumstances and economic conditions than obligors in higher-rated categories."

  • Selective Property Taxes

    When we consider the effects of selective property taxes on businesses and governments, we have to consider that businesses oftentimes make up the largest percentage of ownership of land in a community.

  • Demand supply and equilibrium wage

    References: "The Economic Effects of Labor Unions Revisited," Vedder and Galloway, http://transactionpub.metapress.com/link.asp?

View More Related Solutions