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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 revenues. As long as the demand for housing is inelastic, property-taxes will …
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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 revenues. As long as the demand for housing is inelastic, property-taxes will …
Persistent link: https://www.econbiz.de/10012473911
America’s local governments spend about one-eighth of our national income, one-fourth of total government spending, and employ over 14 million people. This paper surveys the large and growing economics literature on local governments and their finances. A primary difference between local and...
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