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Fiscal, Distributional and Efficiency Impacts of Land and Property Taxes

Author

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  • Andrew Coleman

    (Motu Economic and Public Policy Research)

  • Arthur Grimes

    (Motu Economic and Public Policy Research)

Abstract

Land taxes are known to be amongst the most efficient forms of taxation since land is an immobile factor; property (capital value) taxes are less efficient owing to the tax on improvements. However there is little international (or New Zealand) evidence regarding the distributional impacts of land and property taxes. Nor is there much New Zealand evidence on their potential fiscal implications or about the taxes’ impacts on asset values and debt positions. We explore impacts that may arise from a range of land and property taxes that differ across certain features (e.g. comprehensiveness and degree of grand-fathering). Both partial and general equilibrium models are used. The results provide a basis for considering alternative taxation options involving land or property taxes.

Suggested Citation

  • Andrew Coleman & Arthur Grimes, 2009. "Fiscal, Distributional and Efficiency Impacts of Land and Property Taxes," Working Papers 09_14, Motu Economic and Public Policy Research.
    • Handle: RePEc:mtu:wpaper:09_14
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    File URL: https://motu-www.motu.org.nz/wpapers/09_14.pdf
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    References listed on IDEAS

    as
    1. Andrew Coleman, 2009. "The long term effects of capital gains taxes in New Zealand," Working Papers 09_13, Motu Economic and Public Policy Research.
    2. Andrew Coleman & Arthur Grimes, 2010. "Fiscal, distributional and efficiency impacts of land and property taxes," New Zealand Economic Papers, Taylor & Francis Journals, vol. 44(2), pages 179-199.
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    Cited by:

    1. Andrew Coleman, 2017. "Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease," Working Papers 17_09, Motu Economic and Public Policy Research.
    2. Andrew Coleman, 2017. "Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease," Working Papers 1709, University of Otago, Department of Economics, revised Apr 2017.
    3. Andrew Coleman & Arthur Grimes, 2010. "Fiscal, distributional and efficiency impacts of land and property taxes," New Zealand Economic Papers, Taylor & Francis Journals, vol. 44(2), pages 179-199.
    4. Norman Gemmell & Arthur Grimes & Mark Skidmore, 2019. "Do Local Property Taxes Affect New Building Development? Results from a Quasi-Natural Experiment in New Zealand," The Journal of Real Estate Finance and Economics, Springer, vol. 58(2), pages 310-333, February.

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    1. Norman Gemmell & Arthur Grimes & Mark Skidmore, 2019. "Do Local Property Taxes Affect New Building Development? Results from a Quasi-Natural Experiment in New Zealand," The Journal of Real Estate Finance and Economics, Springer, vol. 58(2), pages 310-333, February.
    2. Andrew Coleman, 2017. "Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease," Working Papers 17_09, Motu Economic and Public Policy Research.
    3. Andrew Coleman, 2010. "The long-term effects of capital gains taxes in New Zealand," New Zealand Economic Papers, Taylor & Francis Journals, vol. 44(2), pages 159-177.
    4. Andrew Coleman, 2017. "Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease," Working Papers 1709, University of Otago, Department of Economics, revised Apr 2017.

    More about this item

    Keywords

    land tax; property tax;

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies

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