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Podcast: Big Brains
Episode: Why You’re Likely Paying An Unfair Share of Property Taxes, with Christopher Berry
Description: When’s the last time you thought about property taxes? We mostly accept them as a part of society, and assume that they’re being calculated fairly. But a leading University of Chicago scholar says that assumption is wrong. A breakthrough study from Prof. Christopher Berry has shown that, on average, homeowners in the bottom 10% of a jurisdiction pay an effective tax rate that is double of what’s paid by the top 10%. Essentially, the poorest homeowners are subsidizing the richest, with disproportion effects on people of color who own property. We talk with Berry about why this h...