Vertical Equity in the Taxation of Single Family Homes

Vertical equity in ad valorem real property taxation is the concept that all properties within a taxing jurisdiction are assessed in equal proportion to their fair market value. This study examines the assessment of single family homes in Bellingham, Washington, utilizing a database of 1,118 home sales in the southern half of Bellingham that sold during the time period of January, 1990 through June, 1994. The results of several empirical tests suggest the presence of regressive vertical inequity. It appears that higher market value homes are assessed at a lower proportion of their value (sales price) than less expensive homes. These results suggest that property taxation at the local level magnifies the regessivity of Washington State's already highly regressive state tax system. Why does this apparent regressive vertical inequity exist? The authors offer several possibilities including the propensity of wealthy homeowners to challenge property tax assessments, the difficulty of valuing the amenities inside an upper-end home, the heterogeneity of the upper-end home market coupled with a small number of transactions, and the lack of ample staff and other resources at the County Assessor's office.

Operational alignment and calibration of the ISU for phase 2 of the V/STOL program. Volume 2 - Alignment

Strapdown inertia system for V/STOL program with theoretical error analysis using Kalman filter estimation theory and computer simulatio

An Examination of Vertical Equity Over Two Reassessment Cycles

This article examines vertical equity in the assessment of single-family homes over two assessment cycles in Bellingham, Washington. The two assessment periods, which are four years apart, followed two differing property appreciation periods. The 1992 reassessment followed an explosion in home values, while the 1996 reassessment came after more moderate price appreciation. The assessed value/ market value ratio is the basic tool of this study with actual sales prices assumed to be market value. Utilizing a database of 721 home sales from January, 1990 to December, 1992, this study’s empirical analysis suggests regressive vertical inequity in 1992. This situation appears to have changed in 1996. Results from a second database consisting of 835 home sales from January, 1994 through December, 1996, suggest a substantial reduction in vertical inequity. Overall, it appears that the County Assessor’s office addressed the previous problem with positive results for the average property taxpayer of Whatcom County.

Initial specifications for van and aircraft

Proposed testing program for strapdown inertial system containing platform gyros and pendulous gyro

The resistance to embrittlement by a hydrogen environment of selected high strength iron-manganese base alloys

Fe-16Mn and Fe-25Mn base alloys, which had been cold worked to yield strength levels of 201 and 178 KSI, were resistant to degradation of mechanical properties in a one atmosphere hydrogen environment at ambient temperature under the loading conditions employed in this investigation. Transmission electron microscopy established that bands of epsilon phase martensite and fcc mechanical twins were formed throughout the fcc matrix when these alloys were cold worked. In the cold worked alloys a high density of crystal defects were observed associated with both types of strain induced structures, which should contribute significantly to the strengthening of these alloys. High strength iron base alloys can be produced which appear to have some resistance to degradation of mechanical properties in a hydrogen environment under certain conditions

Arkansas Cotton Variety Test 1999

The primary aim of the Arkansas Cotton Variety Test is to provide unbiased data regarding the agronomic performance of cotton varieties in the major cotton growing areas in Arkansas. This information helps seed dealers establish marketing strategies and assists producers in choosing varieties to plant. In this way the annual test facilitates the inclusion of new, improved genetic material into Arkansas cotton production. The 1999 test had 67 entries (including 25 transgenic genotypes and 35 first-year entries), which were evaluated at sixsites in eastern Arkansas. The presence of four transgenic and five first-year entries among the top 10 yielding entries suggests that improvement is being accomplished in varietal development. This report also includes the Mississippi County Variety Test (an on-farm evaluation of selected varieties) and on-farm variety trials conducted by the Cooperative Extension Service

The Influence of Canadian Investment on U.S. Residential Property Values

This study is an examination of the impact of foreign investors on an American residential real estate market. Point Roberts, Washington, a real estate market that is dominated by Canadians, is the focus of the analysis. Utilizing a ten-year database of home sales, the empirical analysis suggests that the Canadian/U.S. dollar exchange rate and market conditions in nearby Vancouver, British Columbia, strongly influence Point Roberts residential property price levels. A rising Canadian dollar seems to motivate increased demand for Point Roberts property by Canadian investors, for example. The sensitivity of real estate prices to exchange-rate changes appears to be a three-to-six-month lagged function. In general, it appears that a higher Canadian dollar will increase the Canadian demand for Point Roberts real estate which, in turn, leads to higher transaction prices. In addition, transaction prices in Point Roberts are slightly more volatile than are prices in the Vancouver market.

First Results from the CHARA Array. II. A Description of the Instrument

The CHARA Array is a six 1-m telescope optical/IR interferometric array located on Mount Wilson California, designed and built by the Center for High Angular Resolution Astronomy of Georgia State University. In this paper we describe the main elements of the Array hardware and software control systems as well as the data reduction methods currently being used. Our plans for upgrades in the near future are also described