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Maximization of nonresidential property tax revenue by a local government

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  • John McDonald

Abstract

The article presents a model of the market for commercial or industrial real estate at the local level that is used to derive an equation for the property tax rate that maximizes tax revenue - given that demand for real estate at the local level is highly elastic and capital is mobile in the long-run.

Suggested Citation

  • John McDonald, 2008. "Maximization of nonresidential property tax revenue by a local government," Applied Economics Letters, Taylor & Francis Journals, vol. 15(12), pages 925-928.
    • Handle: RePEc:taf:apeclt:v:15:y:2008:i:12:p:925-928
    DOI: 10.1080/13504850600972329
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    References listed on IDEAS

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    1. Clapp, John M., 1980. "Production with land and nonland factors: Which functional form?," Journal of Urban Economics, Elsevier, vol. 8(1), pages 32-46, July.
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