In 1991, a property tax limitation measure was imposed in five Illinois counties. Dye and McGuire (1997) studied its short–term impact. With the limit now in effect for over a decade and extended to many more counties, we assess its long–term impact. Because jurisdictions brought under the...

When property tax assessment ratios vary, the costs of public services are unevenly redistributed. More sales in a census tract should help to improve assessment uniformity while providing homeowners with a stronger basis for appeals. Using data from Chicago to estimate a multinomial logit model...

A recent policy change caps the annual percentage increase in the assessed value of owner–occupied homes in Cook County, Illinois. Assuming that total revenue would remain constant, the result is relief for some financed by higher taxes on others. We estimate these tax burden shifts using data...