Rethinking Property Taxation [report]

Nathan B. Anderson, Rob Ross
Chapter 3 of The Illinois Report 2013This report takes a look at local governments' biggest source of revenue: property taxes. The authors provide a primer on how the taxes are calculated, and new formulas for understanding an individual's tax share. The authors also propose an alternative format for local property tax statements that can be used to better communicate answers to taxpayers who wonder why their property tax liability has changed.
doi:10.25417/uic.15101511.v1 fatcat:2e7tjelzszh4ndacftqoyw24y4