Document Type



The purpose of Proposition 2-½, a property tax measure enacted in 1980, was to reduce government spending and increase efficiency through local tax restrictions in Massachusetts. It imposes a limit on the total amount of property taxes a certain town can raise every year. Towns are allowed to override their levy limit in order to collect more taxes for new constructions or the renovation of public properties such as schools. The main focus of this paper is to study the impact that overrides have on property values and whether bond issuance would be a better alternative, given the tradeoff between them as they have certain similarities.


Accounting and Finance

Thesis Comittee

Caitlin Finning-Golden (Thesis Director)

Yihong Xiao

Joseph Rizzo,

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Original document was submitted as an Honors Program requirement. Copyright is held by the author.

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Accounting Commons