Small homes, public schools, and property tax capitalization
AbstractEfforts to estimate the degree to which local property taxes are capitalized into house values are complicated by any spurious correlation between property taxes and unobserved public services. One public service of particular interest is the provision of local public schools. Not only do public schools bulk large in the local property tax bill, but the inherent difficulty in measuring school quality has potentially undermined earlier attempts at achieving unbiased estimates of property tax capitalization. This particular problem has been of special concern since Oates' (1969) seminal paper.
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Bibliographic InfoArticle provided by Elsevier in its journal Regional Science and Urban Economics.
Volume (Year): 43 (2013)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/regec
Property tax capitalization; Home value; Border discontinuity; Public schools;
Other versions of this item:
- Ryan M. Gallagher & Haydar Kurban & Joseph J. Persky, 2013. "Small Homes, Public Schools, and Property Tax Capitalization," Working Papers 13-04, Center for Economic Studies, U.S. Census Bureau.
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
- R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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