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The Agricultural Sector and Horizontal Equity of the Property Tax: A Historical Look

Published online by Cambridge University Press:  10 May 2017

Jerome M. Stam
Affiliation:
Economic Development Division, USDA-ERS, Washington, D.C.
Ann Gordon Sibold
Affiliation:
Economic Development Division, USDA-ERS, Washington, D.C.
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Extract

The property tax continues to play a major role in raising public revenues at the local level. While this tax contributed only 15.1 percent of all governmental (Federal, State and local) tax revenue in fiscal 1974, it accounted for 35.3 percent of local general revenue and 82.2 percent of all local tax revenue. It also continues to be especially important as a source of revenue for local schools with 57.4 percent of all local property taxes going to support local schools in 1969–70–the latest year for which data are available.

Type
Research Article
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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