Intrajurisdictional Capitalization and the Incidence of the Property Tax

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ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Intrajurisdictional Capitalization and the Incidence of the Property Tax by : George Zodrow

Download or read book Intrajurisdictional Capitalization and the Incidence of the Property Tax written by George Zodrow and published by . This book was released on 2014 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two views dominate the debate about property tax incidence -- the “capital tax” or “new” view, under which the tax distorts capital allocation and is borne primarily by capital owners, and the “benefit tax” view, under which the tax is an efficient user charge. Evidence of both interjurisdictional and intrajurisdictional capitalization of property taxes and public services has been argued to provide compelling evidence for the benefit tax view. This paper focuses on the latter -- the intra-jurisdictional capitalization effects that underlie what is arguably the most plausible derivation of the benefit tax view of the property tax. The analysis provides a model in which the capital reallocations that characterize the capital tax view induce intrajurisdictional capitalization effects that are generally similar -- indeed, in the benchmark case, identical -- to those that arise under the benefit tax view, suggesting that empirical evidence supporting such capitalization effects cannot distinguish between the two views. In addition, the analysis shows that these capitalization effects imply that even under the stringent assumptions of the benefit view, the property tax is not a benefit tax for a property-tax-financed increase in local public services; rather, it only becomes a benefit tax for future home purchasers -- after the modeled intrajurisdictional capitalization effects occur.

Property Taxes and House Values

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Publisher : Elsevier
ISBN 13 : 1483265765
Total Pages : 233 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Property Taxes and House Values by : John Yinger

Download or read book Property Taxes and House Values written by John Yinger and published by Elsevier. This book was released on 2013-10-22 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property Taxes and House Values: The Theory and Estimation of Intrajurisdictional Property Tax Capitalization explains the link between property taxes and house values and elaborates public policies that alter property taxes, such as assessment reform and state aid. This book introduces the concept of property tax capitalization and discusses the importance of tax capitalization for public policy. The topics include the simple algebra of property tax capitalization, inherent econometric difficulties, and household utility maximization problem. The anticipation of revaluation, revaluation in Brockton, and nonlinear two-stage least squares estimator are also described. This text likewise covers the estimates of the degree of property tax capitalization and horizontal equity of tax rate changes. This publication is recommended for academics, public officials, and homeowners.

Interjurisdictional Tax and Policy Competition

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ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.:/5 (34 download)

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Book Synopsis Interjurisdictional Tax and Policy Competition by : Daphne A. Kenyon

Download or read book Interjurisdictional Tax and Policy Competition written by Daphne A. Kenyon and published by . This book was released on 1991 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Intrajurisdictional Property-tax Capitalization

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Publisher :
ISBN 13 :
Total Pages : 430 pages
Book Rating : 4.:/5 (831 download)

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Book Synopsis Intrajurisdictional Property-tax Capitalization by : Howard S. Bloom

Download or read book Intrajurisdictional Property-tax Capitalization written by Howard S. Bloom and published by . This book was released on 1980 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measures the extent to which property taxes may be reflected in house values, a phenomenon known as property-tax capitalization. Measures capitalization by examining the relationship between tax changes and value changes in Massachusetts communities. Cf. Rept. documentation p.

Capitalization of Local Property Taxes and Public Services with Applications to Efficiency and Equity Issues

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Publisher :
ISBN 13 :
Total Pages : 482 pages
Book Rating : 4.:/5 (153 download)

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Book Synopsis Capitalization of Local Property Taxes and Public Services with Applications to Efficiency and Equity Issues by : Anwar Muhammad Chaudry

Download or read book Capitalization of Local Property Taxes and Public Services with Applications to Efficiency and Equity Issues written by Anwar Muhammad Chaudry and published by . This book was released on 1983 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capitalization of the Property Tax

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ISBN 13 :
Total Pages : 214 pages
Book Rating : 4.:/5 (153 download)

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Book Synopsis Capitalization of the Property Tax by : Edward Michael Sabella

Download or read book Capitalization of the Property Tax written by Edward Michael Sabella and published by . This book was released on 1971 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Intra-jurisdictional Property Tax Capitalization

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Publisher :
ISBN 13 :
Total Pages : 416 pages
Book Rating : 4.:/5 (185 download)

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Book Synopsis Intra-jurisdictional Property Tax Capitalization by : Melvin V. Borland

Download or read book Intra-jurisdictional Property Tax Capitalization written by Melvin V. Borland and published by . This book was released on 1988 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capitalization of Intra-jurisdictional Differences in the Property Tax

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Publisher :
ISBN 13 :
Total Pages : 346 pages
Book Rating : 4.:/5 (249 download)

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Book Synopsis Capitalization of Intra-jurisdictional Differences in the Property Tax by : Donald Robert Bonney

Download or read book Capitalization of Intra-jurisdictional Differences in the Property Tax written by Donald Robert Bonney and published by . This book was released on 1978 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Property Taxes and House Values

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (396 download)

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Book Synopsis Property Taxes and House Values by : John Yinger

Download or read book Property Taxes and House Values written by John Yinger and published by . This book was released on 1983 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax-exempt Property and Tax Capitalization in Metropolitan Areas

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Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Tax-exempt Property and Tax Capitalization in Metropolitan Areas by : Dennis R. Heffley

Download or read book Tax-exempt Property and Tax Capitalization in Metropolitan Areas written by Dennis R. Heffley and published by . This book was released on 1981 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:

THE CAPITALIZATION OF THE PROPERTY TAX.

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Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis THE CAPITALIZATION OF THE PROPERTY TAX. by : Darwin W. Daicoff

Download or read book THE CAPITALIZATION OF THE PROPERTY TAX. written by Darwin W. Daicoff and published by . This book was released on 1961 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Property Tax Capitalization in a Model with Tax Deferred Assets, Standard Deductions and the Taxation of Nominal Interest

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (246 download)

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Book Synopsis Property Tax Capitalization in a Model with Tax Deferred Assets, Standard Deductions and the Taxation of Nominal Interest by : Charles A. M. de Bartolomé

Download or read book Property Tax Capitalization in a Model with Tax Deferred Assets, Standard Deductions and the Taxation of Nominal Interest written by Charles A. M. de Bartolomé and published by . This book was released on 1997 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Property Tax Capitalization

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (338 download)

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Book Synopsis Property Tax Capitalization by : Jay M. Lillywhite

Download or read book Property Tax Capitalization written by Jay M. Lillywhite and published by . This book was released on 1994 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

To Prevent Certain Discriminatory Taxation of Interstate Natural Gas Pipeline Property

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Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis To Prevent Certain Discriminatory Taxation of Interstate Natural Gas Pipeline Property by : United States. Congress. House. Committee on the Judiciary. Subcommittee on Commercial and Administrative Law

Download or read book To Prevent Certain Discriminatory Taxation of Interstate Natural Gas Pipeline Property written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Commercial and Administrative Law and published by . This book was released on 2006 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Property Tax Capitalization in a Model with Tax Deferred Assets and Standard Deductions

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ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (258 download)

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Book Synopsis Property Tax Capitalization in a Model with Tax Deferred Assets and Standard Deductions by : Charles A. M. de Bartholome

Download or read book Property Tax Capitalization in a Model with Tax Deferred Assets and Standard Deductions written by Charles A. M. de Bartholome and published by . This book was released on 1996 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Local Property and State Income Taxes

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

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Book Synopsis Local Property and State Income Taxes by : Thomas J. Nechyba

Download or read book Local Property and State Income Taxes written by Thomas J. Nechyba and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses two long-standing positive questions in public finance: 1) Why is the property tax, despite widespread popular complaints against its fairness, the almost exclusive tax instrument used by local governments; and 2) why do we consistently observe higher levels of governments (states) undermining local property tax systems through income tax, funded grants and state-imposed caps on local property tax rates? A new intuitive argument to explain question 1 is presented and tested in simulations using a computable general equilibrium model with parameters set to be consistent with New Jersey data. Both the intuitive argument and the simulation results indicate that setting local income tax rates to zero is a dominant strategy for community planners. When faced with popular sentiment against the property tax, community planners can collude and introduce local income taxes simultaneously to prevent adverse general equilibrium migration and price changes. Since zero income tax rates are dominant strategies, however, such an agreement is enforceable only if an outsider such as the state government steps in. The institution of state grants funded through a state income tax can play such an enforcement role.

Capitalization of the Property Tax

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Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Capitalization of the Property Tax by : William Bernard Conway

Download or read book Capitalization of the Property Tax written by William Bernard Conway and published by . This book was released on 1969 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: