Portal de Periódicos da CAPES

DID "SERRANO" CAUSE PROPOSITION 13?

1989; University of Chicago Press; Volume: 42; Issue: 4 Linguagem: Inglês

10.1086/ntj41788814

1944-7477

William A. Fischel,

Housing Market and Economics

Proposition 13 gutted California's property tax system in 1978. Most people think that the tax-revolt initiative was caused by excessive government spending and rising tax burdens on homeowners. I argue that the California Supreme Court's landmark decision, Serrano v. Priest (1971), crippled the Tiebout system by divorcing local property wealth from school spending. Serrano thus converted most property taxes into a deadweight loss. Voters responded by rejecting the property tax, shifting the school finance burden to the state. My explanation supports the median voter model in contrast to Leviathan theories of state and local government.