This paper develops and applies a method for estimating the sensitivity of the Abstract size and distribution of benefits to changes in property tax circuit-breaker
formulas. Distributions of housing values and rental values by income classes
are calculated using available data. Based on these distributions, several
alternative circuit-breaker formulas are then simulated to derive estimates of
the total benefits from each formula and the distributions of benefits among
income classes, between owners and renters, and between metro and nonmetro
residents in Georgia.
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References
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Aaron, H. (1975) Who Pays the Property Tax?Washington, DC: Brookings Institution.
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——— (1973) "What do circuit-breaker laws accomplish?" in G. Peterson (ed ) Property Tax Reform. Washington, DC: Urban Institute.
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Advisory Commission on Intergovernmental Relations (1976) "Key features of state circuit-breaker property tax relief programs: 1976." (mimeo)
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——— (1975) Property Tax Circuit-Breakers: Current Status and Policy IssuesWashington, DC: Government Printing Office.
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——— (1974) Property Tax Relief for Farmers: New Use for Circuit-BreakersWashington, DC: Government Printing Office.
