Housing Crisis and State and Local Government Tax Revenue

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437940021
Total Pages : 51 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Housing Crisis and State and Local Government Tax Revenue by : Byron Lutz

Download or read book Housing Crisis and State and Local Government Tax Revenue written by Byron Lutz and published by DIANE Publishing. This book was released on 2011-05 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. The authors identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues, and personal income tax revenues. They find that property tax revenues do not tend to decrease following house price declines. The other four channels have had a relatively modest effect on state tax revenues. These channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2% of total state own-source revenues in 2005. Charts and tables. This is a print on demand publication.

The Housing Crisis and State and Local Government Tax Revenue

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Housing Crisis and State and Local Government Tax Revenue by : Byron F. Lutz

Download or read book The Housing Crisis and State and Local Government Tax Revenue written by Byron F. Lutz and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. We identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues (including a direct effect through construction materials and an indirect effect through the link between housing wealth and consumption), and personal income tax revenues. We find that property tax revenues do not tend to decrease following house price declines. We conclude that the resilience of property tax receipts is due to significant lags between market values and assessed values of housing and the tendency of policy makers to offset declines in the tax base with higher tax rates. The other four channels have had a relatively modest effect on state tax revenues. We calculate that these channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2 percent of total state own-source revenues in 2005. We conclude that the recent contraction in state and local tax revenues has been driven primarily by the general economic recession, rather than the housing market per-se.

Impact of the Property Tax

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Author :
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Impact of the Property Tax by : Dick Netzer

Download or read book Impact of the Property Tax written by Dick Netzer and published by . This book was released on 1968 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Taxes and Intergovernmental Revenue of Counties, Municipalities, and Townships

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Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Taxes and Intergovernmental Revenue of Counties, Municipalities, and Townships by : United States. Bureau of the Census

Download or read book Taxes and Intergovernmental Revenue of Counties, Municipalities, and Townships written by United States. Bureau of the Census and published by . This book was released on 1976 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of State and Local Government Finance

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Publisher : Oxford University Press
ISBN 13 : 0199938318
Total Pages : 1056 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis The Oxford Handbook of State and Local Government Finance by : Robert D. Ebel

Download or read book The Oxford Handbook of State and Local Government Finance written by Robert D. Ebel and published by Oxford University Press. This book was released on 2012-03-21 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact of the Great Recession and its aftermath of feeble growth and lingering high unemployment has been dramatic both in scope and intensity. Before the crisis, long-term structural deficits were persistent for both individual governments and the entire sector as spending plans and patterns outpaced governments' revenue-generating capacity. The revenue systems of these governments eroded while the workloads and scope on the expenditure side of the state and local system budget continued to grow. This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. It contains 35 chapters authored by 60 practitioners and academics who are renowned scholars in state and local finance. Each chapter provides a description of the discipline area, examines major developments in policy, practices and research, and opines on future prospects. The chapters are divided into four sections. Section I is a systematic discussion of the institutional, economic, and political framework that provides a background for understanding the structure and financial performance of the state and local sector. The chapters in Section II provide an overview of the various components of state and local revenue systems and how they reacted to the Great Recession. They analyze the diverse forms of taxes and charges in detail, prescribe remedies and alternatives, and examine the implications for future revenue performance. Chapters in Section III turn to spending, borrowing and financial management in the state and local sector. The focus is on the big six service delivery sectors: education, health care, human services, transportation, pensions, and housing. Section IV is a set of chapters that look ahead and speculate about how the state and local government sector's money-raising, spending, and service delivery structures will adjust to the new circumstances.

The Housing Shortage and the Necessity for Exempting from Income Taxes the Return from Real Estate Mortgages

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Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Housing Shortage and the Necessity for Exempting from Income Taxes the Return from Real Estate Mortgages by : Merchants' Association of New York. Special Committee on Housing

Download or read book The Housing Shortage and the Necessity for Exempting from Income Taxes the Return from Real Estate Mortgages written by Merchants' Association of New York. Special Committee on Housing and published by . This book was released on 1920 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

County Government Employment in ...

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis County Government Employment in ... by :

Download or read book County Government Employment in ... written by and published by . This book was released on 1990 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The State of State-local Revenue Sharing

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Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The State of State-local Revenue Sharing by : Charles Richardson

Download or read book The State of State-local Revenue Sharing written by Charles Richardson and published by . This book was released on 1980 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Effects of Taxation Upon Housing

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Effects of Taxation Upon Housing by : United States. Congress. Joint Committee on Housing

Download or read book Effects of Taxation Upon Housing written by United States. Congress. Joint Committee on Housing and published by . This book was released on 1948 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Impact of the Property Tax

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Impact of the Property Tax by : Dick Netzer

Download or read book Impact of the Property Tax written by Dick Netzer and published by . This book was released on 1968 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The States and the Urban Crisis

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Author :
Publisher : Englewood Cliffs, N.J. : Prentice-Hall
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis The States and the Urban Crisis by : American Assembly

Download or read book The States and the Urban Crisis written by American Assembly and published by Englewood Cliffs, N.J. : Prentice-Hall. This book was released on 1970 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions analyzing the performance of state governments in meeting urban needs, discussing alternative policies of direct City-Federal relations.

Debt Financing Problems of State and Local Government

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Publisher :
ISBN 13 :
Total Pages : 1040 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Debt Financing Problems of State and Local Government by : United States. Congress. House. Committee on Banking, Currency, and Housing. Subcommittee on Economic Stabilization

Download or read book Debt Financing Problems of State and Local Government written by United States. Congress. House. Committee on Banking, Currency, and Housing. Subcommittee on Economic Stabilization and published by . This book was released on 1975 with total page 1040 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Reductions in U.S. Domestic Spending

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Publisher : Routledge
ISBN 13 : 1351318586
Total Pages : 401 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Reductions in U.S. Domestic Spending by : John Williams Ellwood

Download or read book Reductions in U.S. Domestic Spending written by John Williams Ellwood and published by Routledge. This book was released on 2018-04-20 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2017. Routledge is an imprint of Taylor & Francis, an Informa company.

Where are Poor People to Live?

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Publisher : M.E. Sharpe
ISBN 13 : 9780765610768
Total Pages : 350 pages
Book Rating : 4.6/5 (17 download)

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Book Synopsis Where are Poor People to Live? by : Larry Bennett

Download or read book Where are Poor People to Live? written by Larry Bennett and published by M.E. Sharpe. This book was released on 2006 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking book shows how major shifts in federal policy are spurring local public housing authorities to demolish their high-rise, low-income developments, and replace them with affordable low-rise, mixed income communities. It focuses on Chicago, and that city's affordable housing crisis, but it provides analytical frameworks that can be applied to developments in every American city. "Where Are Poor People to Live?" provides valuable new empirical information on public housing, framed by a critical perspective that shows how shifts in national policy have devolved the U.S. welfare state to local government, while promoting market-based action as the preferred mode of public policy execution. The editors and chapter authors share a concern that proponents of public housing restructuring give little attention to the social, political, and economic risks involved in the current campaign to remake public housing. At the same time, the book examines the public housing redevelopment process in Chicago, with an eye to identifying opportunities for redeveloping projects and building new communities across America that will be truly hospitable to those most in need of assisted housing. While the focus is on affordable housing, the issues addressed here cut across the broad policy areas of housing and community development, and will impact the entire field of urban politics and planning.

The Role of State and Local Governments Developing Housing Strategies with Emphasis on S. 566

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Publisher :
ISBN 13 :
Total Pages : 202 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Role of State and Local Governments Developing Housing Strategies with Emphasis on S. 566 by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs

Download or read book The Role of State and Local Governments Developing Housing Strategies with Emphasis on S. 566 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs and published by . This book was released on 1989 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Property Tax Trends and Alternative Sources of Revenue

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Property Tax Trends and Alternative Sources of Revenue by : National Association of Real Estate Boards. Department of Research

Download or read book Property Tax Trends and Alternative Sources of Revenue written by National Association of Real Estate Boards. Department of Research and published by . This book was released on 1972 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Report by the Dept. of Research for the Property Tax Study Committee, National Association of Real Estate Boards."--T.p.

The Homevoter Hypothesis

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Publisher : Harvard University Press
ISBN 13 : 067426343X
Total Pages : 346 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Homevoter Hypothesis by : William A. Fischel

Download or read book The Homevoter Hypothesis written by William A. Fischel and published by Harvard University Press. This book was released on 2005-02-15 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner’s principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word “homevoter” to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.