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An Error In Methodology: Inclusion Of External Costs Of Sales In Property Valuations, Joel L. Terwilliger
An Error In Methodology: Inclusion Of External Costs Of Sales In Property Valuations, Joel L. Terwilliger
Akron Tax Journal
Ironically, courts have upheld the protectionist policies behind the counterpart to the sales tax-the use tax. The application of the use tax serves the dual purpose of preventing the out of state migration of purchases of tangible personal property and to ensure a steady flow of revenue to the state treasury coffers. This dual purpose is based on a primary goal: to prevent avoidance of the sales tax. However, unlike sales taxes, use taxes paid on items of tangible personal property are not added to the value of the property for property tax assessments. This dichotomy presents serious problems for …