Wednesday, February 20, 2013

Plummer on The Effects of Property Tax Protests on Assessment Uniformity of Residential Properties

Elizabeth Plummer (Texas Christian) has posted The Effects of Property Tax Protests on the Assessment Uniformity of Residential Properties, forthcoming in Real Estate Economics.  The abstract:

This study examines whether the appeals process improves assessment uniformity for residential properties. The sample includes all single family residential properties in Harris County, Texas, for 2006-2008. I use a hedonic pricing model and Heckman’s two stage approach to explain the assessed values of all properties before and after the appeals adjustments. Full sample results suggest that the appeals process increased assessment uniformity and that the value adjustments were appropriate in amount. I also present results across properties of different values (low, medium, high). The first stage probit model provides evidence on the factors that affect the likelihood that an owner will protest.

I'm personally excited to see this study of real estate value effects in my own backyard, here in The Unzoned City.  

Matt Festa

http://lawprofessors.typepad.com/land_use/2013/02/plummer-on-the-effects-of-property-tax-protests-on-assessment-uniformity-of-residential-properties.html

Housing, Houston, Local Government, Property, Real Estate Transactions, Scholarship, Texas | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef017c37014cdf970b

Listed below are links to weblogs that reference Plummer on The Effects of Property Tax Protests on Assessment Uniformity of Residential Properties:

Comments