The Worst Tax?
A History of the Property Tax in America
Glenn W. Fisher
264 pages, 6 x 9
Studies in Government and Public Policy
Paper ISBN 978-0-7006-1120-1, $17.95
Noted tax economist Frederick
C. Stocker has observed that the property tax "resembles
a structure designed by a mad architect, erected on a shaky foundation
by an incompetent builder, and made worse by the well-intentioned
repair work of hordes of amateur tinkerers." While that
may still be a popular view, Glenn Fisher suggests that the actual
history of this much-maligned tax should make us less inclined
to such easy ridicule.
The frequent scapegoat of rebellious taxpayers, yet essential
for the functioning of modern local governments, the property
tax has a long and controversial history. Fisher's richly detailed
account reveals the fundamental difficulties confronting all
past attempts at designing an equitable and efficient system
of property taxation during the past two centuries.
The general property tax--a locally administered tax ostensibly
levied at equal rates on all wealth--evolved out of the struggle
for political and economic equality in the early American republic.
It was, as Fisher shows, consistent with Jacksonian democratic
principles that kept the tax power decentralized, limited, and
close to home, while producing sufficient revenue to support
state and local government even in thinly populated frontier
states.
But as new states and their constitutions emerged throughout
the nineteenth century, many citizens criticized the Jacksonian
approach for its inconsistencies and inequities. Advocating principles
long-associated with Alexander Hamilton and the Federalists,
these critics called for uniform taxes centrally administered
by professional bureaucracies. This tension between Jacksonian
and Hamiltonian principles is an integral part of Fisher's story
and remains unresolved as our local governments continue to cope
with the conflict between their revenue needs and the desire
for equitable taxation.
Drawing upon economic, legal, political, and public administration
perspectives, Fisher has fashioned an illuminating chronicle
of popular government and intergovernmental relations (federal,
state, and local) that will be of equal interest to scholars,
students, local governments, and reform-minded taxpayers.
"This book could not have come at a better time. As Americans
rethink the relative roles of local, state, and national government
in our federal system, an understanding of the history, the rationale,
the politics, the problems, and the prospects of this oldest
of American taxes can inform the contemporary debates. All who
have an interest in the history of the U.S. political economy
and in current government policy and public administration can
benefit from this wise and learned book."--Richard Sylla,
author of The American Capital Market, 18461914 and
coauthor of The Evolution of the American Economy
GLENN W. FISHER, Regents' Professor of Urban Affairs,
Emeritus, at Wichita State University, is the author of Taxes
and Politics: A Study of Illinois Public Finance and The
Kansas Property Tax: A Citizen's Guide.
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