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Economic Impacts of a Property Tax Limitation: A Computable General Equilibrium Analysis of Oregon's Measure 5

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  • Edward C. Waters
  • David W. Holland
  • Bruce A. Weber

Abstract

A state-level computable general equilibrium (CGE) model was used to investigate economic adjustment to a property tax limitation in Oregon. Findings under two CGE model variants are compared with results using a fixed-price, input-output type model. The analysis suggests that: (1) total output and income increase under the limitation, with high-income households benefitting most and low-income households least; (2) even with income growth, total state and local government tax revenues and spending shrink significantly; (3) the limitation makes Oregon's tax system slightly less progressive at the top of the income distribution but slightly more progressive at the bottom.

Suggested Citation

  • Edward C. Waters & David W. Holland & Bruce A. Weber, 1997. "Economic Impacts of a Property Tax Limitation: A Computable General Equilibrium Analysis of Oregon's Measure 5," Land Economics, University of Wisconsin Press, vol. 73(1), pages 72-89.
  • Handle: RePEc:uwp:landec:v:73:y:1997:i:1:p:72-89
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    3. Roxana Julia-Wise & Stephen C. Cooke & RDavid Holland, 2002. "A Computable General Equilibrium Analysis of a Property Tax Limitation Initiative in Idaho," Land Economics, University of Wisconsin Press, vol. 78(2), pages 207-227.
    4. Reimer, Jeffrey J. & Weerasooriya, Senal & West, Tyler T., 2015. "How Does the Supplemental Nutrition Assistance Program Affect the U.S. Economy?," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 44(3), pages 1-20, December.
    5. Weerasooriya, Senal A. & Reimer, Jeffrey J., 2016. "General Equilibrium Analysis of the Farm Bill: SNAP versus Farm Programs," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236076, Agricultural and Applied Economics Association.
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    8. Andrew Feltenstein & Mark Rider & David L. Sjoquist & John V. Winters, 2019. "The Impact of Interstate Mobility on the Effectiveness of Property Tax Reduction in Georgia," Center for State and Local Finance Working Paper Series cslf1907, Andrew Young School of Policy Studies, Georgia State University.
    9. Weerasooriya, Senal A. & Reimer, Jeffrey J., 2016. "Effects of the Supplemental Nutrition Assistance Program on Rural and Urban Areas in Oregon," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235751, Agricultural and Applied Economics Association.
    10. Finnoff, David & Tschirhart, John, 2008. "Linking dynamic economic and ecological general equilibrium models," Resource and Energy Economics, Elsevier, vol. 30(2), pages 91-114, May.
    11. McDermott, Shana M. & Finnoff, David C. & Shogren, Jason F., 2013. "The welfare impacts of an invasive species: Endogenous vs. exogenous price models," Ecological Economics, Elsevier, vol. 85(C), pages 43-49.
    12. Demetrios Psaltopoulos & Euan Phimister & Tomas Ratinger & Deborah Roberts & Dimitris Skuras & Eudokia Balamou & Zuzana Bednarikova & Maria Espinosa & Sergio Gomez y Paloma & Sebastien Mary & Frantise, 2012. "Ex-ante Spatial Policy Impact Analysis of the Rural Development Policy in European Rural Areas (RURAL ECMOD)," JRC Working Papers JRC68412, Joint Research Centre (Seville site).
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    14. Pouliakas, Konstantinos & Roberts, Deborah & Balamou, Eudokia & Psaltopoulos, Dimitris, 2008. "Modelling the Effects of Immigration on Regional Economic Performance and the Wage Distribution: A CGE Analysis of Three EU Regions," MPRA Paper 14157, University Library of Munich, Germany.

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