This paper applies a model to test for vertical inequity in property taxes using a set of residential sales from Bloomington, Indiana. The initial purpose is to compare results with those using the presently accepted regression approach as applied by Smith (2000) to the same data. The new...

Several approaches have been used to estimate and adjust for price movements in residential real estate; however, weaknesses remain in current systems. This study incorporates a different way of measuring temporal price patterns. The method involves a time series model, an approach not previously...