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Property Tax Auction Sales

Listed author(s):
  • Larry DeBoer
  • James Conrad
  • Kevin T. McNamara
Registered author(s):

    We analyze sales of tax delinquent properties offered at a single property tax auction. Data on 1,073 parcels offered at the 1987 tax sale in Indianapolis are used. The two-stage Heckman selectivity model is used for the estimation. The results indicate that more valuable, developed, residential parcels located outside of the central city are more likely to sell. Higher minimum bids decrease the probability of sale. Parcels offered later in the auction are less likely to sell. The selling price is associated with a property's assessed value, with a negative premium for properties located in the city center.

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    File URL: http://www.jstor.org/stable/pdfplus/3146744
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    Article provided by University of Wisconsin Press in its journal Land Economics.

    Volume (Year): 68 (1992)
    Issue (Month): 1 ()
    Pages: 72-82

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    Handle: RePEc:uwp:landec:v:68:y:1992:i:1:p:72-82
    Contact details of provider: Web page: http://le.uwpress.org/

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