Why You’re Likely Paying An Unfair Share of Property Taxes, with Christopher Berry
When’s the last time you thought about property taxes? We mostly assume that they’re calculated fairly. But a leading University of Chicago scholar says that assumption is wrong. A breakthrough study from Prof. Christopher Berry has shown that, on average, homeowners in the bottom 10% of a jurisdiction pay an effective tax rate that is double of what’s paid by the top 10%. Essentially, the poorest homeowners are subsidizing the richest, with disproportion effects on people of color who own property