Assessment of Property for Taxation

Archive Report

The General Property Tax and the Problem of Assessment

The least popular of all taxes levied in the United States is the general property tax—the tax upon which local governments depend for more than 80 per cent of their total revenues. Both the theory and the practice of the general property tax have been under attack for a long period of years. One-fourth of the states have abandoned it completely as a source of revenue for state government.1 For city, town and county governments, however, it is generally agreed that taxation of real and personal property will long continue to be the principal means of support. The general property tax has been worked into the very fabric of local government. It cannot be removed without ...

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