This paper assesses the extent to which property taxes are capitalized into property values, exploiting the 2012 Italian tax reform. Municipal-level variation in the level of the property tax rates is instrumented using the exogenous staggered timing of local elections. We show that the...

Reforming state and local government property taxes can contribute to a fairer and more sustainable housing system as well as delivering additional economic and social dividends. This research proposed a nationally coordinated incremental strategy with clearly defined short, medium and long-term...

Over the past three decades, more than a dozen developed nations have abandoned their wealth taxes. Yet the United States today finds itself in the midst of a political debate about implementing a wealth tax to partially fund the spending commitments of progressive presidential hopefuls. The...

This research explores relatively successful reforms of the local property tax system in the four largest city councils in Sierra Leone. Deriving lessons from differing outcomes across the four councils, it highlights three key messages about the determinants of successful reform. First,...

Findings by various researchers suggest that ad valorem malassessments are best understood if one realizes their political consequences for assessing officials. High assessment dispersion often results from the assessors' sensitivities to political influence. Also, political incentives may...

This article evaluates two alternative standards for resetting property assessments on title transfer in property tax systems like Oregon's and California's, which are explicitly designed to protect property owners against rapid, unanticipated increases in their tax bills: California's reset to...

French analyses of estate taxation often looks at the ISF wealth tax and nothing else. The initial idea of the lawmakers behind the ISF - implemented in 1981- was firstly to impose a levy on goods providing their owners with the wherewithal to pay more in tax, secondly to create a redistribution...

In a meteoritic rise from the dark days of World War II and Soviet hegemony, Warsaw has experienced an economic renaissance in recent years, boasting one of the largest stock exchanges in Europe and one of the fastest growing economies on the continent. However, the city and its surrounding...

Optimal government unit size is a subject of continued concern among tax economists. Aspiring for the economies of scale and cost savings, Indiana recently consolidated its township assessor functions to the county level. This paper finds that following reform the new structure resulted in...