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| Applying Models for Vertical Inequity in
the Property Tax to a Non-Market Value State Author: Brent C. Smith Start Page: 321 Abstract: The objective is to
contribute to the discussion on property tax inequity by employing the methodologies
developed to test for vertical inequity in a tax system that currently does not rely on
some form of market value in the assessment process. There is strong evidence that the
property tax and the ‘‘True Tax Value’’ assessment procedure employed
in Indiana contains progressive vertical inequities rather than regressive inequities as
is typically perceived. This is unique, as previous findings tend to support the notion
that the property tax is regressive. It provides potentially pertinent information in
light of the ongoing discussion surrounding the restructuring of Indiana’s property
tax assessment and property tax debates elsewhere. |
