Corpus ID: 43235247

An Insurance Model of Property Tax Limitations

  title={An Insurance Model of Property Tax Limitations},
  author={Nathan B. Anderson and Andreas Duus Pape},
Forty-three states in the United States have legal limits on local property taxation. These limits constrain increases in local government revenues, increases in property values, and the level of tax rates . A large literature cites the desire of taxpaying voters to constrain wasteful local government expenditures as the primary motivation for these limitations. The provision of insurance against unexpected increases in individual property tax liability, however, also explains these limitations… Expand
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