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Articles on Property taxes

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Exxon Mobil Corp.’s campus in East Baton Rouge Parish, left, received millions in tax abatements to the detriment of local schools, right. Barry Lewis/Getty Images, Tjean314/Wikimedia

Students lose out as cities and states give billions in property tax breaks to businesses − draining school budgets and especially hurting the poorest students

An estimated 95% of US cities provide economic development tax incentives to woo corporate investors, taking billions away from schools.
Crews clear lots of destroyed homes in Fort Myers Beach, Fla., in February 2022, four months after Hurricane Ian. Joe Raedle/Getty Images

Climate change is a fiscal disaster for local governments − our study shows how it’s testing communities in Florida

A new study of Florida’s fiscal vulnerability to climate change finds that flooding directly threatens many local tax bases.
Schools in predominantly Black communities receive less funding, even though Black homeowners pay higher tax rates. Carl Iwasaki/Getty Images

How reparations can be paid through school finance reform

A school finance expert and an education law scholar make the case for why reparations should be paid to African Americans by changing the way schools are funded.
New York has become a ‘city for the rich’ in recent decades, a shift in its real estate market that impacts policy-making, too. Alessandro Colle / Shutterstock

New York’s new rental protections won’t end the outsize influence of big developers who pay the city’s bills

New York City’s municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.
Gradually reducing stamp duty and negative gearing would minimise the impact on investors. Shutterstock

Gradual reform to capital gains, negative gearing and stamp duty will make housing more affordable

Housing affordability has declined significantly over the past few decades. Slowly reducing negative gearing and capital gains, and switching to property taxes, could reverse this trend.

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