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Unformatted text preview: s increments to assessed value that
are politically unpalatable.
Figure 4.1 shows that only 10 to 12 percent of the total land parcels are exempted,
but they account for 40 to 50 percent of the total amount of taxable assessed value. Though
a further analysis is required, it can be inferred that some exempted properties have higher
land values. In this respect the city might be unable to take advantage of a significant portion Government Audit Office, Commission Audits of its most lucrative tax base, unless exemption provisions are changed or some payment is
required in lieu of tax on exempt properties. Figure 4.1 Assessed Value of Land Exemptions
70 cm 60 50 ?llexempt/taxable -44 42 -0% 40 assessed
exempt land parcels E30
1990 1991 1992 1993 1994 1995 1996 1997 1998
Source: Compiled with data from Land Assessor's Office 4.3 Recommendations
Making property tax more productive involves improving different elements of tax
administration - identification of properties,...
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- Winter '13