Property Value Assessment Growth Limits, Tax Base Erosion, and Regional In-Migration
AbstractIn 1994, a limit on the growth of property values for tax purposes was imposed in Michigan. One consequence of the newly imposed assessment growth cap was an emerging differential in tax prices between potential new property owners and long-time property owners. The purpose this article is to examine the impact of this growing tax price differential on migration patterns. Using county level data on migration activity over the 1994—2006 period, the authors present evidence that differential tax prices resulting from the assessment growth cap have reduced in-migration.
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Bibliographic InfoArticle provided by in its journal Public Finance Review.
Volume (Year): 39 (2011)
Issue (Month): 2 (March)
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Other versions of this item:
- Skidmore, Mark & Tosun, Mehmet S., 2010. "Property Value Assessment Growth Limits, Tax Base Erosion and Regional In-Migration," IZA Discussion Papers 4906, Institute for the Study of Labor (IZA).
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
- H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers
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- Timothy R. Hodge & Mark Skidmore & Gary Sands & Daniel McMillen, 2013. "Tax Base Erosion and Inequity from Michigan's Assessment Growth Limit: The Case of Detroit," CESifo Working Paper Series 4098, CESifo Group Munich.
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