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Dick Netzer, a leading public finance economist specializing in state and local issues and urban government, brings together in this comprehensive volume essays by top scholars connecting the property tax with land use. They explore the idea that the property tax is used as a partial substitute...

This paper is a theoretical examination of untaxed and taxed entities that invest in real estate. The standard advice to real estate investors is to avoid using entities that are subject to taxation (such as C corporations in the U.S.) and employ entities that are not subject to taxation (such...

Presents and empirical study of office rents and property taxes for individual buildings in downtown Chicago in 1991. The results show that 45 percent of property tax differentials are shifted forward to tenants as higher gross rents. Application of the Hausman(1978) test for specification error...

This article presents a monthly vector autoregressive (VAR) model of housing prices, the federal funds rate, foreclosures, the unemployment rate and the mortgage interest rate for the United States for the period of 2000(1)--2010(8). Impulse response functions show that negative shocks to the...

This paper documents the fact that the concentration of poverty in the inner city of Chicago declined appreciably during the 1990s. Exploratory data analysis suggests that the decline in family poverty is strongly associated with an increase in the employment of females who reside in those...

In this timely Handbook, seventeen renowned contributors from Asia, the Americas and Europe provide chapters that deal with some of the most intriguing and important aspects of research methodologies on cities and urban economies.

This article is a theoretical examination of optimal leverage to maximize the value of an investment asset, assuming that the interest rate on loans increases with leverage. The expected rate of return to equity for the investing firm (that is subject to taxation at the entity level) and market...

In 1957 Chicago enacted a Comprehensive Amendment to the Chicago Zoning Ordiance of 1923. In contrast to the hierarchical zoning of the 1923 ordinance, the 1957 ordinance made each zoning category exclusive and mandated the removal of non-conforming uses. This study examines land parcels at the...