Alm, James; Buschman, Robert D.; Sjoquist, David L. - In: Regional Science and Urban Economics 46 (2014) C, pp. 1-11
Historically, local governments in the United States have relied on the property tax as their main source of own-source revenues. With the recent collapse of housing prices and the resulting increase in foreclosures that followed the “Great Recession”, many observers have speculated that the...