Isaac Scientific Publishing

Journal of Advances in Economics and Finance

Examining Property Tax Value Assessment Error

Download PDF (383 KB) PP. 1 - 8 Pub. Date: February 23, 2017

DOI: 10.22606/jaef.2017.21001


  • Marcus T. Allen*
    Lutgert College of Business, Florida Gulf Coast University, Fort Myers, FL, United States


Accuracy in the value assessment process in ad valorem property tax systems is of paramount importance to equitable treatment of taxpayers, yet several previous studies suggest that assessors’ opinions of value may be systematically biased. This study uses a large sample of properties that were assessed within one year after an arm’s length transaction with observed prices to test whether task complexity affects the accuracy of assessors’ opinions of value. The results provide evidence that property characteristics and location factors impact the magnitude of assessment error.


Property tax; assessment error; market value


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