Capping Property Taxes: What's Likely to Happen?

Authors

• Alexandra Hill

Files

Description

On November 7, Alaskans will vote on whether to cap property taxes at 1 percent of assessed value—which would cost local governments 20 percent of property tax collections in the first year and 40 percent as time passed. Supporters of the tax cap say property taxes are too high, property owners pay an unfair share of local government costs, and government is inefficient. Yet local spending in Anchorage and elsewhere hasn’t changed much in recent years, if you take inflation and population growth into account. And Anchorage’s local government employs fewer workers per resident than almost any U.S. metropolitan area. So what’s going on? Like most fiscal matters in Alaska, it relates to the rise and fall of oil wealth.

Publication Date

4-17-2000

Keywords

economics, fiscal policy, property taxes, local government, spending, revenue

Recommended Citation

Hill, Alexandra, "Capping Property Taxes: What's Likely to Happen?" (2000). Reports. 255.
https://scholarworks.alaska.edu/uaa_iser_reports/255

Handle

http://hdl.handle.net/11122/12041