Cohen, Jeffrey; Coughlin, Cletus C. - 2016
When taxing real property at the local level in the United States, land and improvements to the land, such as buildings …, are generally taxed at the same rate. Two-rate (or split-rate) taxation departs from this practice by taxing land at a …-rate taxation. In theory, moving to a two-rate tax reduces the deadweight losses associated with distortionary taxation and …
