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...

This paper attempts to analyze the role of taxes on property in containing asset bubbles and its consequent recessionary impact, by developing a framework, wherein the housing market is conceived as consisting of several sub-markets i.e. rental housing market, house resale market, new...