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 of this paper 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, we present evidence that differential tax prices resulting from the assessment growth cap have reduced in-migration.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4906.
Length: 34 pages
Date of creation: Apr 2010
Date of revision:
Publication status: published in: Public Finance Review, 2011, 39 (2), 256-287
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Other versions of this item:
- Mark Skidmore & Mehmet S. Tosun, 2011. "Property Value Assessment Growth Limits, Tax Base Erosion, and Regional In-Migration," Public Finance Review, , vol. 39(2), pages 256-287, March.
- 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, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
This paper has been announced in the following NEP Reports:
- NEP-ACC-2010-05-08 (Accounting & Auditing)
- NEP-ALL-2010-05-08 (All new papers)
- NEP-GEO-2010-05-08 (Economic Geography)
- NEP-MIG-2010-05-08 (Economics of Human Migration)
- NEP-PBE-2010-05-08 (Public Economics)
- NEP-PUB-2010-05-08 (Public Finance)
- NEP-URE-2010-05-08 (Urban & Real Estate Economics)
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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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