Whether a property tax is regressive or progressive has little to do with property assessments.

Question

Quizplus · Accepted Answer

The regressivity or progressivity of a property tax can be significantly influenced by how property assessments are conducted. If assessments are not accurately reflecting market values or are not updated regularly, it can lead to inequities where wealthier individuals pay a lower effective rate than less wealthy individuals, making the tax regressive. Conversely, accurate and fair assessments can help ensure that the tax burden is distributed more equitably, potentially making the tax more progressive.

Whether a Property Tax Is Regressive or Progressive Has Little