Amazon.com description: Product Description: From the Preface: "Property taxation has been much considered by TRED as well as by many other observers and analysts. The tax has been roundly criticized time out of mind, and certainly the phrase natura non facit saltum is descriptive of the process of adjustment and improvement of this ancient levy. Nonetheless, positive development occurs. Ronald Welch recently noted five significant changes in the property tax during the past four decades. These included its virtual elimination as a source of state revenue, a relative decline as a source of local government general revenue, a substantial increase in total revenue dollars produced, a tendency to become less general in coverage due to the development of both increased exemptions and additional classification of property categories for ad valorem purposes, and finally, distinct improvements in property tax administration.... "