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Houses, apartments, and the incidence of property taxes

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  • Jack Goodman

Abstract

The residential property tax is a major component of local government revenues and consumers’ housing costs. This study uses newly available data from the 2001 Residential Finance Survey to investigate the incidence of this tax. The study finds that for the nation as a whole, multifamily rental housing bears an effective tax rate (tax divided by property value) that is at least 18 percent higher than the rate on single‐family owner‐occupied housing. This gap appears to have arisen during the 1990s. The level of taxation and the apartment/house differential vary considerably by location. Much—but not all—of the differential is associated with the fact that apartments have a lower average property value per unit than houses. The residential property tax, as implemented, promotes low‐density development, disproportionately burdens lower‐value properties, and may impose higher taxes on apartment residents than on homeowners with identical incomes.

Suggested Citation

  • Jack Goodman, 2006. "Houses, apartments, and the incidence of property taxes," Housing Policy Debate, Taylor & Francis Journals, vol. 17(1), pages 1-26.
    • Handle: RePEc:taf:houspd:v:17:y:2006:i:1:p:1-26
    DOI: 10.1080/10511482.2006.9521558
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    Cited by:

    1. David J. Schwegman & John Yinger, 2020. "The Shifting of the Property Tax on Urban Renters: Evidence from New York State�s Homestead Tax Option," Working Papers 20-43, Center for Economic Studies, U.S. Census Bureau.
    2. Asmae AQZZOUZ & Nathalie PICARD, 2024. "Residential Mobility And Life Cycle: Examination Of The Influence Of Local Taxes," Working Papers of BETA 2024-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

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