Institute on Taxation and Economic Policy

Local Property Taxes

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Housing Affordability and Property Taxes: How to Actually Move the Needle

March 19, 2025 • By Kamolika Das, Rita Jefferson

Tax policy alone cannot solve the housing crisis but lawmakers who are focused on tax policy solutions have better options available than sweeping property tax cuts and caps: property tax circuit breakers, renter credits, vacancy taxes, land value taxes, and changes to existing property tax assessments can move the needle on the affordable housing crisis.

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Learn from Prop 13 History to Avoid Repeating Past Mistakes

February 26, 2025 • By Rita Jefferson

Worries about housing costs and property tax bills are leading people to check the history books for solutions, but there’s a danger that they’ll repeat past mistakes. If anti-tax lawmakers carelessly weaken property taxes as they did in the 1970s, as they did with California’s Proposition 13, they will undercut public finances, making municipalities, school districts, and other special districts worse off.