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Voters Hold the Key: Lock-in, Mobility and the Portability of Property Tax Exemptions

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Author Info
Ron Cheung () (Department of Economics, Florida State University)
Chris Cunningham () (Federal Reserve Bank of Atlanta)

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Abstract

We examine support for a recent and novel Florida referendum to allow home owners with existing assessment caps to “port” their exemption to a new residence. Employing a rich dataset of all Florida real property, census-block data and precinct level voting results, we find that support for the law change was greater in high-mobility and high exemption precincts. Support was also greater in cities with more out-of-state migration or containing more second homes. Within cities, a precinct’s mobility relative to the rest of the city was more predictive suggesting that voters were savvy to the tax-share implications of the amendment.

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File URL: ftp://econpapers.fsu.edu/RePEc/fsu/wpaper/wp2009_03_01.pdf
File Format: application/pdf
File Function: First version, 2009-03
Download Restriction: no

Publisher Info
Paper provided by Department of Economics, Florida State University in its series Working Papers with number wp2009_03_01.

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Length: 38
Date of creation: Mar 2009
Date of revision:
Handle: RePEc:fsu:wpaper:wp2009_03_01

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Related research
Keywords: tax limitations; property tax; assessment cap; referendum; voting; lock-in; mobility;

Find related papers by JEL classification:
R5 - Urban, Rural, and Regional Economics - - Regional Government Analysis
H7 - Public Economics - - State and Local Government; Intergovernmental Relations
H5 - Public Economics - - National Government Expenditures and Related Policies

This paper has been announced in the following NEP Reports:

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This page was last updated on 2009-11-22.


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