IDEAS home Printed from https://ideas.repec.org/a/bla/socsci/v85y2004i2p509-520.html
   My bibliography  Save this article

What Price Nondisclosure? The Effects of Nondisclosure of Real Estate Sales Prices

Author

Listed:
  • Robert P. Berrens
  • Michael McKee

Abstract

Objective. Only a select set of states still do not require mandatory public disclosure of real estate sales prices. In this article we examine the possible public‐sector consequences of failing to make real estate sales prices publicly accessible. Methods. We propose a set of possible public‐sector consequences of sales price nondisclosure (property tax assessment inequities, tax revenue leakages, administrative inefficiencies, and related ancillary effects). We identify examples, provide limited empirical evidence (simple regressions and distributional analyses) on the restricted data available, and discuss the relevant legal considerations at a variety of administrative and geographic scales. Results. The limited statistical results and examples provide evidence of possible inequities in effective tax rates and tax revenue leakages that may be connected to sale price nondisclosure. Conclusions. We argue that there is a strong prima facie case for legitimate public concerns attached to real estate sales price nondisclosure.

Suggested Citation

  • Robert P. Berrens & Michael McKee, 2004. "What Price Nondisclosure? The Effects of Nondisclosure of Real Estate Sales Prices," Social Science Quarterly, Southwestern Social Science Association, vol. 85(2), pages 509-520, June.
    • Handle: RePEc:bla:socsci:v:85:y:2004:i:2:p:509-520
    DOI: 10.1111/j.0038-4941.2004.08502017.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.0038-4941.2004.08502017.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.0038-4941.2004.08502017.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maier, Gunther & Herath, Shanaka, 2009. "Real Estate Market Efficiency. A Survey of Literature," SRE-Discussion Papers 2009/07, WU Vienna University of Economics and Business.
    2. Glennon, Dennis & Kiefer, Hua & Mayock, Tom, 2018. "Measurement error in residential property valuation: An application of forecast combination," Journal of Housing Economics, Elsevier, vol. 41(C), pages 1-29.
    3. Pallab Mozumder & Ryan Helton & Robert P. Berrens, 2009. "Provision of a Wildfire Risk Map: Informing Residents in the Wildland Urban Interface," Risk Analysis, John Wiley & Sons, vol. 29(11), pages 1588-1600, November.
    4. Germán M. Izón & Michael S. Hand & Daniel W. Mccollum & Jennifer A. Thacher & Robert P. Berrens, 2016. "Proximity to Natural Amenities: A Seemingly Unrelated Hedonic Regression Model with Spatial Durbin and Spatial Error Processes," Growth and Change, Wiley Blackwell, vol. 47(4), pages 461-480, December.
    5. Germán M. Izón & Michael S. Hand & Matias Fontenla & Robert P. Berrens, 2010. "The Economic Value Of Protecting Inventoried Roadless Areas: A Spatial Hedonic Price Study In New Mexico," Contemporary Economic Policy, Western Economic Association International, vol. 28(4), pages 537-553, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:socsci:v:85:y:2004:i:2:p:509-520. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0038-4941 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.