During the Great Recession and its aftermath, state and local governments’ revenue streams dried up due to diminished taxes. Budget cuts affected many aspects of government; in this paper, we investigate whether (and how) local school districts modified their funding and taxing decisions in...

In the present paper author will attempt to show empirically that property taxation causes depression even in the long run. Hence, the view of OECD (2009) that property taxation will persuade investors to avoid to invest in safe assets (houses) and to invest instead in more productive assets in...

With each economic recession, scholars, pundits, and lawmakers focus on what the Federal government can do to mitigate it. In this Article, I argue that there is an important role for local tax law in managing recessions. Since real property taxes are the most important revenue source for local...

This paper investigates whether and how property tax limits impact female labor supply during the housing boom and bust. Theory predicts that property tax limits increase non-labor income during the housing boom and decrease non-labor income during the bust periods, leading to opposite effects...