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Hi please I want help for answer this Discussion Board.
Please write the References in the end your answer
Please write the References in the end your answer
Please write the References in the end your answer
Discussion Board :For the government to assess the property tax in a more equitable manner, I recommend that the government department responsible for assessment of property to have all properties assessed at market value. This requires the government to pass a statute tax law that will ensure all properties are assessed at their market values. The market value will be the amount the property will be sold for in an open market. To accomplish this, the government should ensure they have assessed all the property in the neighborhood such that all changes in property values in previous years reflect the market price increases or the improvements of property.
Discussion Board :For the government to assess the property tax in a more equitable manner, I recommend that the government department responsible for assessment of property to have all properties assessed at market value. This requires the government to pass a statute tax law that will ensure all properties are assessed at their market values. The market value will be the amount the property will be sold for in an open market. To accomplish this, the government should ensure they have assessed all the property in the neighborhood such that all changes in property values in previous years reflect the market price increases or the improvements of property.
Discussion Board :

The best way to implement the approach of using market value to assess property values is through inspection of the respective property in their neighborhood. This will ensure that the assessed value of the property reflects the changes in value of the property with respect to market conditions and improvements made on the property. However, if the neighborhood is very large, the director of equalization in the state should develop a schedule that would specify the time period within which every property in the neighborhood can be inspected. To ensure that its budgeting plans are not interfered and maintenance of its revenue streams, the government can use a tax rate on the property values in a way that it would raise the amount in the budget that had not been funded while still ensuring equality.If revenue from the property taxes have to be decreased, the government will be forced to look for alternative sources of revenue to compensate the deficit in budget that would accrue as a result of the decrease in the revenue from property taxes. As a result, the government will be forced to either increase tax rate or taxes levied on other sectors to compensate for the deficit from the decrease in property taxes. The increase in tax rate or taxes will thus ensure that the budget is adequately funded.References:Yinger, J., Bloom, H. S., & Boersch-Supan, A. (2013). Property taxes and house values: The theory and estimation of intrajurisdictional property tax capitalization. Elsevier.Cabral, M., & Hoxby, C. (2012). The hated property tax: salience, tax rates, and tax revolts (No. w18514). National Bureau of Economic Research.Pollack, E. (2015). A precis on the American property tax system. Corporate Real Estate Journal, 4(2), 109-113.Questions: Please write the References in the end your answer. Thanks1- This is a very good point about the government needing to find alternative sources if they don’t get enough from property taxes or increase rates. Do you feel like it is a good idea for the government unit to go to the taxpayers for ideas on how to best handle this? Why or why not?2- Using market value is definitely one way that real estate taxes are already being determined but what do you think `about when the housing market fell and the neighborhood’s property taxes remained the same amount.? As local citizens, we are able to attend meetings that discuss how our taxes and other revenues are spent. I think having a more equitable real estate assessment would mean that the citizens are involved with determining the beginning amount as well as how its distributed. Being a part of how the money is spent might result in no new assessment or determination needed.

The best way to implement the approach of using market value to assess property values is through inspection of the respective property in their neighborhood. This will ensure that the assessed value of the property reflects the changes in value of the property with respect to market conditions and improvements made on the property. However, if the neighborhood is very large, the director of equalization in the state should develop a schedule that would specify the time period within which every property in the neighborhood can be inspected. To ensure that its budgeting plans are not interfered and maintenance of its revenue streams, the government can use a tax rate on the property values in a way that it would raise the amount in the budget that had not been funded while still ensuring equality.If revenue from the property taxes have to be decreased, the government will be forced to look for alternative sources of revenue to compensate the deficit in budget that would accrue as a result of the decrease in the revenue from property taxes. As a result, the government will be forced to either increase tax rate or taxes levied on other sectors to compensate for the deficit from the decrease in property taxes. The increase in tax rate or taxes will thus ensure that the budget is adequately funded.References:Yinger, J., Bloom, H. S., & Boersch-Supan, A. (2013). Property taxes and house values: The theory and estimation of intrajurisdictional property tax capitalization. Elsevier.Cabral, M., & Hoxby, C. (2012). The hated property tax: salience, tax rates, and tax revolts (No. w18514). National Bureau of Economic Research.Pollack, E. (2015). A precis on the American property tax system. Corporate Real Estate Journal, 4(2), 109-113.Questions: Please write the References in the end your answer. Thanks1- This is a very good point about the government needing to find alternative sources if they don’t get enough from property taxes or increase rates. Do you feel like it is a good idea for the government unit to go to the taxpayers for ideas on how to best handle this? Why or why not?2- Using market value is definitely one way that real estate taxes are already being determined but what do you think `about when the housing market fell and the neighborhood’s property taxes remained the same amount.? As local citizens, we are able to attend meetings that discuss how our taxes and other revenues are spent. I think having a more equitable real estate assessment would mean that the citizens are involved with determining the beginning amount as well as how its distributed. Being a part of how the money is spent might result in no new assessment or determination needed.

References:

Questions: 
Please write the References in the end your answer. Thanks
Please write the References in the end your answer.

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