Voters Hold the Key: Lock-in, Mobility and the Portability of Property Tax Exemptions
AbstractWe 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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Bibliographic InfoPaper provided by Department of Economics, Florida State University in its series Working Papers with number wp2009_03_01.
Date of creation: Mar 2009
Date of revision:
Other versions of this item:
- Ron Cheung & Chris Cunningham, 2009. "Voters hold the key: lock-in, mobility, and the portability of property tax exemptions," Working Paper 2009-19, Federal Reserve Bank of Atlanta.
- R5 - Urban, Rural, Regional, Real Estate, and Transportation 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:
- NEP-ALL-2009-03-28 (All new papers)
- NEP-CDM-2009-03-28 (Collective Decision-Making)
- NEP-GEO-2009-03-28 (Economic Geography)
- NEP-MIG-2009-03-28 (Economics of Human Migration)
- NEP-POL-2009-03-28 (Positive Political Economics)
- NEP-URE-2009-03-28 (Urban & Real Estate Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Limiting Property Tax Assessments to Slow Gentrification
by Real Estate Research in Real Estate Research on 2014-03-27 13:22:14
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