Property taxes and dynamic efficiency: A correction
نویسندگان
چکیده
منابع مشابه
Property Taxes and Elderly Mobility.
The 2000-05 housing market boom in the U.S. has caused sharp increases in residential property taxes. Housing-rich but income-poor elderly homeowners often complain about rising tax burdens, and anecdotal evidence suggests that some move to reduce their tax burden. There has been little systematic analysis, however, of the link between property tax levels and the mobility rate of elderly homeow...
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This paper presents a theoretical model with a uniformly populated line that is divided into local jurisdictions (and/or states). If one level of government imposes sales and residential property taxes, and if the spatial extent of each taxing jurisdiction is positive and finite, then (in Nash equilibrium) the sales tax rate is less than residential property tax rate, housing consumption is sub...
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Local governments in the United States typically rely on several main sources of own-source revenues, including individual income taxes, general sales taxes, specific excise taxes, fees and charges, and local property taxes. Of these sources, the dominant is by far the property tax. According to the United States Census Bureau (http://www.census.gov/govs/estimate), local property taxes accounte...
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We investigate the relationship between housing wealth, property taxes, and elderly labor supply. Using twenty years of restricted access data from the Health and Retirement Study (HRS) containing plausibly exogenous variation in housing wealth from the recent boom/bust cycle and MSA-specific housing price indexes, we estimate longitudinal and difference-in-difference models. Our findings sugge...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2014
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2014.03.013