The effects of changes in property tax rates and school spending on residential and business property value growth.

Autor/inn/en	Kang, Sung; Reese, Laura; Skidmore, Mark
Titel	The effects of changes in property tax rates and school spending on residential and business property value growth.
Quelle	München: CESifo (2012), 37 S., 255 KB PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2); PDF als Volltext kostenfreie Datei (3) Link als defekt meldenVerfügbarkeit
Reihe	CESifo working paper. 3899. Public Finance
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Bildung; Wohnen; Gewerbe; Immobilie; Steuer; Wettbewerb; Öffentliche Ausgaben; Arbeitspapier; Detroit, Mich.; USA
Abstract	In this paper, we examine the effects of changes in property tax rates and school spending on residential and business property value growth in southeast Michigan. We use panel data for 152 communities in the five counties surrounding Detroit between the years 1983 and 2002, a period during which state government mandated major changes to school finance. Using the mandated changes to identify causality, we find that: 1) residential property values are more responsive to school spending changes than property tax rate changes; 2) business property values are more responsive to tax rate changes than school spending changes, and 3) business property values are more sensitive to changes in tax rates as compared to residential property. We also examine tax competition effects on property value growth, showing that tax competition plays an important role in property value growth in the southeast Michigan region.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2013/1