Large Retailers, Economic Development, and the Local Property Tax Base: Evidence from Wal-mart in New York State
AbstractThis study assesses the impact large, national retailers have on local governments. Specifically, the research investigates the impact of Wal-Mart on property values and property tax rates in a set of municipalities in New York State from 1990 to 1997. Results from regression analyses imply no change in total municipality property value. Property tax rates, however, are found to be higher: the combined city-village-town and special district tax rate increased a statistically significant 2.4 percent annually each year a Wal-Mart was present in a municipality. Disaggregation shows that special-district tax rates rose 2.6 percent annually and the city-village-town property tax rate rose similarly.
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Bibliographic InfoArticle provided by New York State Economics Association (NYSEA) in its journal New York Economic Review.
Volume (Year): 33 (2002)
Issue (Month): 1 ()
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