Do High Interest Rates Encourage Property Tax Delinquency
Shows that when interest rates rise above the penalty rate on delinquent property taxes, taxpayers have an incentive to delay their property tax payments, using their local governments as cheap credit sources. States that property tax delinquency as a percent of the tax levy should rise with the increase in the interest rate and finds that higher unemployment increases delinquency while higher inflation reduces it.
Year of publication: |
1988
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Authors: | DeBoer, Larry ; Conrad, James |
Published in: |
National Tax Journal. - National Tax Association - NTA. - Vol. 41.1988, 4, p. 555-60
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Publisher: |
National Tax Association - NTA |
Saved in:
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