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City Taxes and Property Tax Bases
Bradbury, Katharine L. - 1987
This paper investigates the simultaneous relationship between tax rates and city property tax bases using data for 86 large U.S. cities in 1967, 1972, 1977, and 1982. We find that a 10 percent increase in the city's property tax rate decreases the city's tax base by about 1.5 percent. In...
Persistent link: https://www.econbiz.de/10012476873
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The Incidence of the Local Property Tax : A Re-evaluation
Mieszkowski, Peter M. - 1984
The article identifies the key assumptions that underlie competing theories of the incidence of the local property tax. We conclude that the"benefit view" which maintains that the property tax system is equivalent to a set of non-distortionary user changes is correct only under very restrictive...
Persistent link: https://www.econbiz.de/10012477602
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The New View of the Property Tax : A Reformulation
Mieszkowski, Peter M. - 1984
The"new view" of the property tax is reformulated within the context of a model with interjurisdictional competition, endogenous local public services, individuals who are segregated into homogeneous communities according to tastes for local public services, a simple form of land use zoning, and...
Persistent link: https://www.econbiz.de/10012477606
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Property Tax Limitations and Mobility : The Lock-in Effect of California's Proposition 13
Wasi, Nada - 2005
Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that properties be assessed at market value at the time of sale, and allows assessments to rise by no more than 2% per year until the next sale. In this paper, we examine how Prop 13 has...
Persistent link: https://www.econbiz.de/10012467577
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Restraining the Leviathan : Property Tax Limitation in Massachusetts
Cutler, David M. - 1997
Proposition 2.5, a ballot initiative approved by Massachusetts voters in 1980 sharply reduced local property taxes and restricted their future growth. We examine the effects of Proposition 2.5 on municipal finances and assess voter satisfaction with these effects. We find that Proposition 2.5...
Persistent link: https://www.econbiz.de/10012472618
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The Incentive Effects of Property Taxes on Local Governments
Glaeser, Edward L. - 1995
This paper applies the ideas of Brennan and Buchanan (1977, 1978, 1980) to local property taxes. When local governments maximize their revenues, property taxes provide incentives for adequate amenity provision. Local amenity provision determines property values which then determine local tax...
Persistent link: https://www.econbiz.de/10012473911
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Are PILOTs Property Taxes for Nonprofits?
Fei, Fan - 2015
Nonprofit charitable organizations are exempt from most taxes, including local property taxes, but U.S. cities and towns increasingly request that nonprofits make payments in lieu of taxes (known as PILOTs). Strictly speaking, PILOTs are voluntary, though nonprofits may feel pressure to make...
Persistent link: https://www.econbiz.de/10012457578
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Wealth and Property Taxation in the United States
Dray, Sacha; Landais, Camille; Stantcheva, Stefanie - National Bureau of Economic Research - 2023
We study the history and geography of wealth accumulation in the US, using newly collected historical property tax records since the early 1800s. The US General Property Tax was a comprehensive tax on all types of property (real, personal, and financial), making it one of the first "wealth...
Persistent link: https://www.econbiz.de/10014247998
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Neighborhoods Matter : Assessing the Evidence for Place Effects
Chyn, Eric; Katz, Lawrence F. - National Bureau of Economic Research - 2021
How does one's place of residence affect individual behavior and long-run outcomes? Understanding neighborhood and … childhood and adulthood. This paper summarizes the recent neighborhood effects literature and interprets the findings. Childhood … neighborhoods affect long-run economic and educational outcomes in a manner consistent with exposure models of neighborhood effects …
Persistent link: https://www.econbiz.de/10012585437
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What Determines School Segregation? The Crucial Role of Neighborhood Factors
Caetano, Gregorio S. - 2020
We develop a novel strategy to identify the relative importance of school and neighborhood factors in determining … schools. Our findings indicate that neighborhood factors explain around 62% of racial segregation and 44% of economic …
Persistent link: https://www.econbiz.de/10012481236