Proportionaltaxation
Barron's Real Estate Dictionary:
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Proportionaltaxation
Tax whose burden is applied equally to the poor and to the wealthy. Contrast with PROGRESSIVE TAX, REGRESSIVE TAXATION .
Example: ad valorem taxation on houses would be considered proportional taxation provided house values represent taxpayer wealth. However, because the poor tend to spend a disproportionately higher amount on housing, the ad valorem tax tends to be somewhat regressive, placing a relatively heavier burden on the poor.
Example: ad valorem taxation on houses would be considered proportional taxation provided house values represent taxpayer wealth. However, because the poor tend to spend a disproportionately higher amount on housing, the ad valorem tax tends to be somewhat regressive, placing a relatively heavier burden on the poor.
| Propertymanagement, Property Tax | |
| Proprietarylease, Proprietorship |
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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