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Exploring Property Tax Structures and Circuit Breakers in New England

This presentation by Daphne A. Kenyon at the NCSL New England Fiscal Leaders Meeting discusses the intricacies of property tax structures in New England. It highlights critical features such as property tax limits and the role of circuit breakers that provide essential relief to households. By analyzing property tax revenue data, assessments, and the effectiveness of tax rates, the overview aims to inform policymakers about the fiscal dynamics affecting residents and municipalities. Various resources, including state government sources and Lincoln Institute reports, are referenced for a comprehensive understanding.

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Exploring Property Tax Structures and Circuit Breakers in New England

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  1. Property Tax Structures in New England Daphne A. Kenyon Visiting Fellow Lincoln Institute of Land Policy NCSL New England Fiscal Leaders Meeting February 24, 2012 www.lincolninst.edu

  2. State & Local Government Property Tax Revenue, 2005 www.lincolninst.edu

  3. State & Local Property Taxes Per Capita, New England, 2009 www.lincolninst.edu

  4. Effective Property Tax Rates, New England, 2010 www.lincolninst.edu

  5. Census Jurisdictions Reporting Property Tax Collections, New England, 2009 Source: Significant Features of the Property Tax, 2009 www.lincolninst.edu

  6. Property Tax Limits, New England, 2009 Sources: Significant Features of the Property Tax, Various State Statutes, Lohman 2006 www.lincolninst.edu

  7. Property Tax Circuit Breakers • Provide households with direct property tax relief that increases as household income declines, for a given property tax bill • Prevent taxpayers from being overburdened by property taxes (just as electrical circuit breakers prevent circuits from being overloaded by electric current) • Assist residents whose property tax burdens are disproportionate to their income • Are a targeted and cost-effective form of tax relief www.lincolninst.edu

  8. Circuit Breakers in New England, 2009 www.lincolninst.edu

  9. Residential Property as Share of Total Valuation, New England, Selected Years Source: Various State Government Sources and Rhode Island Public Expenditures Council www.lincolninst.edu

  10. Related Reports from Lincoln Institute Rethinking Property Tax Incentives for Business DevelopmentDaphne A. Kenyon, Adam H. Langley and Bethany PaquinForthcoming2012 Payments in Lieu of Taxes: Balancing Municipal and Nonprofit InterestsDaphne A. Kenyonand Adam H. LangleyNovember 2010 Property Tax Circuit Breakers: Fair and Cost-Effective Relief for TaxpayersJohn H. Bowman, Daphne A. Kenyon, Adam Langley, and Bethany PaquinMay 2009  www.lincolninst.edu

  11. Related Reports from Lincoln Institute Property Tax Assessment Limits: Lessons from Thirty Years of ExperienceMark Havemanand Terri A. Sexton June 2008  The Property Tax-School Funding Dilemma Daphne A. KenyonDecember 2007 www.lincolninst.edu

  12. www.lincolninst.edu

  13. Contact Information Daphne A. Kenyon Visiting Fellow Dept. of Valuation and Taxation Lincoln Institute of Land Policy 617-661-3016 DKenyon@lincolninst.edu www.lincolninst.edu

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