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Property Taxation and Residential Density
Theory and EmpiricsDocumentos de trabajoDiciembre 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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How Differences in Property Taxes within Cities Affect Urban Sprawl
Documentos de trabajoSeptiembre 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 trabajoJulio 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 trabajoMayo 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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Property Tax Circuit Breakers in 2007
Features, Use, and Policy IssuesDocumentos de trabajoMarzo 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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Interjurisdictional Competition Under U.S. Fiscal Federalism
PonenciasMayo 2008Sally WallaceSimilar to the decentralization of environmental policy, scholars and analysts also express concerns about the welfare effects of interjurisdictional competition on economic development under U.S....
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Public and Private School Competition and U.S. Fiscal Federalism
PonenciasMayo 2008Thomas J. NechybaThe traditional public school finance system under U.S. fiscal federalism has generated concern that the use of housing markets to ration resources and students to public schools may increase income...
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How “Smart” is the Split-Rate Property Tax?
Evidence from Growth Patterns in PennsylvaniaDocumentos de trabajoMarzo 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...