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1. Not by the Hand of Horace Mann

   How the Quest for Land Value Created the American School System
   Ponencias
   Mayo 2014
   William A. Fischel

   This paper by William A. Fischel is an economic history of K–12 education and the structure of school districts. As the second part of the title suggests, Fischel argues that land or property values...

2. The Future Role of the Property Tax in the Funding of K12 Education in the United States

   Ponencias
   Mayo 2014
   Andrew Reschovsky

   This paper reviews the role of the property tax in funding K–12 education. At present, local and state governments each contribute a national average of 44 percent of the funds spent on public...

3. Tax Base Erosion and Inequity from Michigan’s Assessment Growth Limit

   The Case of Detroit
   Documentos de trabajo
   Octubre 2014
   Timothy R. Hodge, Mark Skidmore, Gary Sands, and Daniel McMillen

   In this paper we examine the degree to which Michigan’s property value assessment growth cap has eroded the tax base and created substantial differences in effective tax rates among residential...

4. Assessment Growth Limits and Mobility

   Evidence from Home Sale Data in Detroit, Michigan
   Documentos de trabajo
   Octubre 2014
   Timothy R. Hodge, Gary Sands, and Mark Skidmore

   In 1994 a limit on the growth of property values for tax purposes was imposed in Michigan. One consequence of the taxable value growth cap was the emergence of a differential in effective tax rates...

5. New Estimates of the Elasticity of Substitution Between Land and Capital

   Documentos de trabajo
   Septiembre 2014
   Gabriel M. Ahlfeldt and Daniel P. McMillen

   We reconcile conflicting evidence on the magnitude of the elasticity of substitution between land and capital, which is a key determinant of the relationship between the price of land and the density...

6. Competition and Property Tax Limit Overrides

   Revisiting Massachusetts’ Proposition 2 ½
   Documentos de trabajo
   Septiembre 2014
   Zackary B. Hawley and Jonathan C. Rork

   This paper looks at the role of spatial proximity of other town’s decision to hold an override vote on the decision of a Massachusetts town to hold an initial override vote under Proposition 2...

7. Local Government Finances During and After the Great Recession

   Documentos de trabajo
   Agosto 2014
   Adam H. Langley

   The 2007-2009 recession had a large and long-lasting impact on local government finances in the United States. This paper describes these impacts using existing research and a variety of data sources...

8. Comparing Central City Finances Using Fiscally Standardized Cities

   Documentos de trabajo
   Julio 2014
   Howard Chernick, Adam H. Langley, and Andrew Reschovsky

   Recent bankruptcies of several large central cities, most notably Detroit, have highlighted the importance of better understanding the fiscal pressures faced by American central cities. Because...

9. A Three-Part Literature Review

   Proposition 2½ Overrides, the Efficiency of Public Goods Provision, and the Capitalization of Unfunded Pension Obligations
   Documentos de trabajo
   Julio 2014
   Jeffrey Zabel

   This is a literature review covering three areas related to a forthcoming study entitled “Massachusetts Proposition 2½ Overrides as Voluntary Taxes: Do Residents Get What They Want or Do...

10. The Window Tax

    A Case Study in Excess Burden
    Documentos de trabajo
    Abril 2014
    Robert M. Schwab and Wallace E. Oates

    The window tax in Great Britain (1696-1851) provides a remarkable case of tax-induced distortions in resource allocation. Tax liabilities on dwelling units depended on the number of windows in the...