@article{Stine:132450,
      recid = {132450},
      author = {Stine, William F.},
      title = {Estimating the Determinants of Property Reassessment  Duration: An Empirical Study of Pennsylvania Counties},
      journal = {Journal of Regional Analysis and Policy},
      address = {2010},
      number = {1100-2016-89584},
      pages = {17},
      year = {2010},
      abstract = {The main purpose of this study is to investigate the  determinants of reassessment dura-tion across Pennsylvania  county governments. It is the first attempt to estimate the  effect of duration and various covariates on reassessment  probability. A Weibull model was employed that assumed  monotonically changing hazard and survival rates. The  results showed reas-sessment was most likely positively  duration dependent. Thus, the results predicted that  counties had a low probability of reassessment in the early  years of the reassessment cycle and a high probability in  later years. Covariate estimates suggested that differences  in local eco-nomic growth and local fiscal factors had the  greatest impact on duration. Counties with high income and  population growth had longer durations while counties with  high business sector growth had shorter durations. Counties  with low expenditures per capita and high growth of  property tax burdens had shorter reassessment cycles. The  results also predict that counties with tax rates above the  statutory limit have longer reassessment durations.  Elasticity projec-tions for several covariates showed a  moderate response of the survival rate although it was less  than unit elastic for all variables.},
      url = {http://ageconsearch.umn.edu/record/132450},
      doi = {https://doi.org/10.22004/ag.econ.132450},
}