property tax
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The Impact of Gentrification on Homeowners
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When wealthy new residents move into lower-income neighborhoods, they often renovate homes and open upscale businesses. This drives up property values, property taxes, and rent. This chain of events may force current lower-income residents to move out. Gentrification is a major issue nationwide, and cities are searching for the “magic”…
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Time for China to Embrace Property Tax?
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Chinese local government’s revenue dependence on land granting is no longer sustainable due to exhausted land resources, distorted profit distribution, and rampant sprawl development. Property tax might solve the problem.
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Municipal CFO Series: Jeff DeWitt, Phoenix
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Phoenix’s CFO discusses taxes, pensions, and buying local