ROSENTRAUB, Mark S.
Residential property tax abatments and rebuilding in Cleveland, Ohio - Thousand Oaks : SAGE, August 2010
In the late 1980s the city of Cleveland began offering residential property tax abatements in an effort to (1) reduce blight, (2) attract home owners, and (3) build upon the momentum established by the construction of several downtown attractions. When Clevelands legislation authorizing part of the abatement program was to be renewed in 2005, a new mayor asked for an assessment of the programs status and its fiscal effects. Utilizing property tax and assessment files and a survey of individuals who had purchased a home that received the property tax abatement, this study finds that Clevelands investment through forgone property taxes will likely result in overall fiscal gains for the city. Despite this success, property tax abatements, even coupled with the building of an impressive set of cultural amenities, have yet to reverse the demographic and economic trends that have plagued Cleveland for more than fifty years
Residential property tax abatments and rebuilding in Cleveland, Ohio - Thousand Oaks : SAGE, August 2010
In the late 1980s the city of Cleveland began offering residential property tax abatements in an effort to (1) reduce blight, (2) attract home owners, and (3) build upon the momentum established by the construction of several downtown attractions. When Clevelands legislation authorizing part of the abatement program was to be renewed in 2005, a new mayor asked for an assessment of the programs status and its fiscal effects. Utilizing property tax and assessment files and a survey of individuals who had purchased a home that received the property tax abatement, this study finds that Clevelands investment through forgone property taxes will likely result in overall fiscal gains for the city. Despite this success, property tax abatements, even coupled with the building of an impressive set of cultural amenities, have yet to reverse the demographic and economic trends that have plagued Cleveland for more than fifty years
