Property tax accounts for nearly half of all revenues raised by local governments in the United States, according to the non-partisan think tank based in Cambridge, MA, which explored policy options to address the challenges of property taxes through national case studies.
Five Lincoln Institute Tax Reform Recommendations
Implement quality assessment practices with regular revaluations
Utilize well-designed state aid formulas
Provide targeted and cost-effective property tax relief with circuit breakers and deferrals
Allow homeowners to pay property taxes on a monthly basis
Avoid tax limitations, especially assessment limits
