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Results
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Note on Measuring Changes in Capital/Land Ratios Related to Tax Changes
Documentos de TrabalhoDezembro 2008Gregory K. IngramTheory strongly supports the conclusion that a reduction in the tax on structures in an urban area will increase the intensity of urban development, measured in terms of the quantity of structures (...
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Property Taxation and Residential Density
Theory and EmpiricsDocumentos de TrabalhoDezembro 2008Richard W. England and Ju-Chin HuangIn this paper, we first theorize about the size of a house constructed on a residential lot, measured by height and footprint area. We hypothesize that the property tax rate will have a negative...
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The Land Tax Is Pretty Neutral
Documentos de TrabalhoSetembro 2008N. Edward Coulson and Herman LiThe inelastic supply of land suggests that taxation of land might be neutral. Feldstein (1977) suggests otherwise, in that taxation reduces risk, and this may raise demand among risk-averse lenders....
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How Differences in Property Taxes within Cities Affect Urban Sprawl
Documentos de TrabalhoSetembro 2008Yan Song and Yves ZenouThis article attempts a formal analysis of the connection between the differentiated property tax within urban areas and urban sprawl in U.S. cities. We first develop a theoretical model in which the...
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Property Taxation in Illinois
A Framework for ReformDocumentos de TrabalhoJulho 2008Nathan B. Anderson and Therese McGuireIllinois is one of 23 states that limit both local property tax rates and property tax revenues. Because of its importance to local government finance, reforms of the Illinois property tax system are...
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The Effect of Property Taxes on Location Decisions
Evidence From the Market for Second HomesDocumentos de TrabalhoMaio 2008Erik Johnson and Randall WalshWhile there exists a large empirical literature on the capitalization of property taxes into home prices, very little work has been done to identify the effect of differences in property taxes on...
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Consistency of Land Values
Comparison of Three General Approaches to Valuing Land Where There are Few Vacant Land SalesDocumentos de TrabalhoAbril 2008Accurate land valuation is critical to land value taxation, which taxes land more heavily than improvements. In previous work we found three approaches to valuing the land component of improved...
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Teardowns and Hedonic Land Value Function Estimation using Non-Sample Information
Documentos de TrabalhoMarço 2008Teardowns provide direct information on land values in fully developed urban areas because such properties are valued only for their land and location rather than for the characteristics of the...
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How “Smart” is the Split-Rate Property Tax?
Evidence from Growth Patterns in PennsylvaniaDocumentos de TrabalhoMarço 2008H. Spencer Banzhaf and Nathan LaveryUrban sprawl has become a policy concern of national prominence. Land or split-rate taxes are one potential way to address this issue. In theory, such taxes can lower the land/capital ratio. This in...
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Property Tax Circuit Breakers in 2007
Features, Use, and Policy IssuesDocumentos de TrabalhoMarço 2008John H. BowmanThis paper provides an overview of the nature, development, extent, and effect of residential property tax relief programs in the United States. Its major focus is on circuit breakers, which target...
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