摘要：A recent policy change caps the annual percentage increase in the assessed value
of owner–occupied homes in Cook County, Illinois. Assuming that total revenue
would remain constant, the result is relief for some financed by higher taxes on
others. We estimate these tax burden shifts using data on all individual parcels
and individual units of government in the county. We examine other aspects of
the policy. In particular, we look at some of the difficulties in using changes
in aggregate tax shares for residential versus non–residential property over
time to justify or analyze a policy like this.
