Homes in poor neighborhoods are taxed at roughly
twice the rate of those in rich areas, study shows.
https://www.washingtonpost.com/business/2021/03/12/property-tax-regressive/
“In theory, all homeowners in a given jurisdiction are subject to the same property tax rate, regardless of home value. But the methodology cities use to assess property values skews the final effective tax rates dramatically: Some homes are assigned considerably lower assessments than their actual market prices, while others are given much higher valuations.
These measurement errors aren’t random, according to
study author Christopher Berry of the Harris School of Public Policy. Across
the country, in city after city, homes in low-income neighborhoods are
systematically over-assessed relative to their actual market prices, while
those in rich areas are under-assessed. The net result is a transfer of
billions of dollars of tax burdens from rich households to poor ones”.
https://www.washingtonpost.com/business/2021/03/12/property-tax-regressive/
“In theory, all homeowners in a given jurisdiction are subject to the same property tax rate, regardless of home value. But the methodology cities use to assess property values skews the final effective tax rates dramatically: Some homes are assigned considerably lower assessments than their actual market prices, while others are given much higher valuations.