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1. Property Taxation and Residential Density

   Theory and Empirics
   Documentos de trabajo
   Diciembre 2008
   Richard W. England and Ju-Chin Huang

   In 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...

2. How Differences in Property Taxes within Cities Affect Urban Sprawl

   Documentos de trabajo
   Septiembre 2008
   Yan Song and Yves Zenou

   This 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...

3. The Land Tax Is Pretty Neutral

   Documentos de trabajo
   Septiembre 2008
   N. Edward Coulson and Herman Li

   The 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....

4. Property Taxation in Illinois

   A Framework for Reform
   Documentos de trabajo
   Julio 2008
   Nathan B. Anderson and Therese McGuire

   Illinois 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...

5. The Effect of Property Taxes on Location Decisions

   Evidence From the Market for Second Homes
   Documentos de trabajo
   Mayo 2008
   Erik Johnson and Randall Walsh

   While 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...

6. Property Tax Circuit Breakers in 2007

   Features, Use, and Policy Issues
   Documentos de trabajo
   Marzo 2008
   John H. Bowman

   This 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...

7. Teardowns and Hedonic Land Value Function Estimation using Non-Sample Information

   Documentos de trabajo
   Marzo 2008
   Daniel P. McMillen

   Teardowns 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...

8. Property Tax Responses to State Aid Cuts in the Recent Fiscal Crisis

   Documentos de trabajo
   Enero 2008
   Richard F. Dye and Andrew Reschovsky

   Many states experienced fiscal crises at the beginning of this decade. Some responded by cutting state aid to local governments. This paper explores the extent to which local governments responded to...

9. How “Smart” is the Split-Rate Property Tax?

   Evidence from Growth Patterns in Pennsylvania
   Documentos de trabajo
   Marzo 2008
   H. Spencer Banzhaf and Nathan Lavery

   Urban 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...