Assessing Property Tax Assessment, with Chris Berry

We look ahead on local property taxes, including what might happen in a world of stagnant house prices, high inflation, and political pressure on local budgets. Professor Chris Berry from the University of Chicago shares the key insights from his path-breaking research on equity in property tax assessment, and shares a sneak peak of his most recent and encouraging findings. Scott from Chicago asks: "What is California's Proposition 13, and is it unique to California?"