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The new view of the property tax A reformulation

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  • Zodrow, George R.
  • Mieszkowski, Peter M.

Abstract

The"new view" of the property tax is reformulated within the context of a model with interjurisdictional competition, endogenous local public services, individuals who are segregated into homogeneous communities according to tastes for local public services, a simple form of land use zoning, and a political or constitutional constraint on the use of head taxes by local governments. Expressions for the "profits tax" and"excise tax" effects of the property tax are derived. The effects of a "consumption distortion" away from government services due to local reluctance to tax mobile capital are also examined.
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  • Zodrow, George R. & Mieszkowski, Peter M., 1986. "The new view of the property tax A reformulation," Regional Science and Urban Economics, Elsevier, vol. 16(3), pages 309-327, August.
  • Handle: RePEc:eee:regeco:v:16:y:1986:i:3:p:309-327
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    References listed on IDEAS

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    1. Hamilton, Bruce W, 1976. "Capitalization of Intrajurisdictional Differences in Local Tax Prices," American Economic Review, American Economic Association, vol. 66(5), pages 743-753, December.
    2. Arnold C. Harberger, 1962. "The Incidence of the Corporation Income Tax," Journal of Political Economy, University of Chicago Press, vol. 70, pages 215-215.
    3. Courant, Paul N., 1977. "A general equilibrium model of heterogeneous local property taxes," Journal of Public Economics, Elsevier, vol. 8(3), pages 313-327, December.
    4. Mieszkowski, Peter, 1972. "The property tax: An excise tax or a profits tax?," Journal of Public Economics, Elsevier, vol. 1(1), pages 73-96, April.
    5. Starrett, David A, 1980. "On the Method of Taxation and the Provision of Local Public Goods," American Economic Review, American Economic Association, vol. 70(3), pages 380-392, June.
    6. Diewert, W. E., 1978. "Optimal tax perturbations," Journal of Public Economics, Elsevier, vol. 10(2), pages 139-177, October.
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    Cited by:

    1. Agrawal, David R., 2016. "Local fiscal competition: An application to sales taxation with multiple federations," Journal of Urban Economics, Elsevier, vol. 91(C), pages 122-138.
    2. Peter M. Mieszkowski & George R. Zodrow, 1984. "The Incidence of the Local Property Tax: A Re-evaluation," NBER Working Papers 1485, National Bureau of Economic Research, Inc.
    3. Gravelle, Jennifer, 2013. "Corporate Tax Incidence: Review of General Equilibrium Estimates and Analysis," National Tax Journal, National Tax Association, vol. 66(1), pages 185-214, March.
    4. Zodrow, George R., 2001. "The Property Tax as a Capital Tax: A Room With Three Views," National Tax Journal, National Tax Association, vol. 54(1), pages 139-156, March.
    5. Zodrow, George R., 2014. "Intrajurisdictional capitalization and the incidence of the property tax," Regional Science and Urban Economics, Elsevier, vol. 45(C), pages 57-66.
    6. Paweł Felis, 2015. "Funkcja fiskalna i społeczna w powierzchniowym systemie opodatkowania nieruchomości na przykładzie gmin w Polsce," Gospodarka Narodowa, Warsaw School of Economics, issue 3, pages 133-158.
    7. Christensen, Kevin & Cline, Robert & Neubig, Tom, 2001. "Total Corporate Taxation: "Hidden," Above-the-Line, Non-Income Taxes," National Tax Journal, National Tax Association, vol. 54(3), pages 495-506, September.
    8. Lang, Kevin & Jian, Tianlun, 2004. "Property taxes and property values: evidence from Proposition," Journal of Urban Economics, Elsevier, vol. 55(3), pages 439-457, May.
    9. Weingast, Barry R., 2009. "Second generation fiscal federalism: The implications of fiscal incentives," Journal of Urban Economics, Elsevier, vol. 65(3), pages 279-293, May.
    10. George R. Zodrow, 2007. "The Property Tax Incidence Debate and the Mix of State and Local Finance of Local Public Expenditures," CESifo Economic Studies, CESifo, vol. 53(4), pages 495-521, December.
    11. Raymond Torres, 2012. "Shared Societies and the Global Crisis: Evidence and Policy," Working Papers 2012/42, Maastricht School of Management.
    12. Fernando M. Aragon, 2013. "Local Spending, Transfers, and Costly Tax Collection," National Tax Journal, National Tax Association, vol. 66(2), pages 343-370, June.
    13. Zodrow, George R., 2001. "The Property Tax as a Capital Tax: A Room with Three Views," National Tax Journal, National Tax Association, vol. 54(n. 1), pages 139-56, March.
    14. Victor Duarte Lledo, 2005. "Tax Systems Under Fiscal Adjustment; A Dynamic CGE Analysis of the Brazilian Tax Reform," IMF Working Papers 05/142, International Monetary Fund.
    15. Athiphat Muthitacharoen & George R. Zodrow, 2012. "Revisiting the Excise Tax Effects of the Property Tax: Working Paper 2012-05," Working Papers 42926, Congressional Budget Office.
    16. Christensen, Kevin & Cline, Robert & Neubig, Tom, 2001. "Total Corporate Taxation: "Hidden," Above-the-Line, Non-Income Taxes," National Tax Journal, National Tax Association, vol. 54(n. 3), pages 495-506, September.

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