Property Tax Inequities on Ranch and Farm Properties
研究了怀俄明州农业用地因非生产性特征导致的财产税横向、纵向和市场不公平性，通过特征模型发现显著税收补贴与不公平现象。
Previous studies have investigated residential real property tax inequity; however, little work exists regarding inequity in agricultural property taxation. This may result from agricultural land in most states being taxed based on differential assessment. In Wyoming, agricultural land is assessed on productive value, even though some lands sell for considerably more than productive value. Due to the presence of nonproductive features, these farms or ranches receive substantial tax subsidies. This study investigates horizontal, vertical, and market property tax inequity found on agricultural land in Wyoming. Through hedonic modeling, it is found that considerable agricultural property tax inequity exists.