Similar Search Results

Shan, Hui - Federal Reserve Board (Board of Governors of the … - 2008

mobility rate of elderly homeowners. This paper investigates this link using household-level panel data from the Health and … about taxes and expenditure programs. The findings provide evidence suggesting that higher property taxes raise mobility …-year mobility rate for homeowners over the age of 50. This is an eight percent increase from the baseline two-year mobility rate of …

Persistent link: https://www.econbiz.de/10005721006

Property taxes and elderly labor supply

Shan, Hui - Federal Reserve Board (Board of Governors of the … - 2008

The recent housing market boom in the U.S. has caused sharp increases in residential property taxes. Anecdotal evidence suggests that rising property taxes have induced elderly homeowners to increase their labor supply. This paper uses 1992-2004 panel data from the Health and Retirement Study...

Persistent link: https://www.econbiz.de/10005721111

Liquidity problems and early payment default among subprime mortgages

Anderson, Nathan B.; Dokko, Jane K. - Federal Reserve Board (Board of Governors of the … - 2011

The lack of property tax escrow accounts among subprime mortgages causes borrowers to make large lump-sum tax payments that reduce liquidity. Different property tax collection dates across states and counties create exogenous variation in the time between loan origination and the first property...

Persistent link: https://www.econbiz.de/10008852844

The connection between house price appreciation and property tax revenues

Lutz, Byron F. - Federal Reserve Board (Board of Governors of the … - 2008

This paper explores two aspects of the connection between property tax revenues and house prices. First, I estimate the elasticity of property tax revenues with respect to house prices. This elasticity does not necessarily equal one as governments may adjust effective tax rates to offset changes...

Persistent link: https://www.econbiz.de/10005393667

Restraining the Leviathan: property tax limitations in Massachusetts

Cutler, David M.; Elmendorf, Douglas W.; Zeckhauser, Richard - Federal Reserve Board (Board of Governors of the … - 1997

We examine the effects of Proposition 2-1/2--a property tax limitation law approved by Massachusetts voters in 1980--and assess voter satisfaction with these effects. We find that the proposition had a smaller effect on local revenues and spending than expected, as a result of both amendments to...

Persistent link: https://www.econbiz.de/10005393684

Fiscal amenities, school finance reform and the supply side of the Tiebout market

Lutz, Byron F. - Federal Reserve Board (Board of Governors of the … - 2009

This study asks if local governments which provide a high level of public services per tax dollar attract housing capital. The first portion of the paper examines large shifts in property tax burdens induced by an unusual school finance reform in the state of New Hampshire. The estimates suggest...

Persistent link: https://www.econbiz.de/10004967555