scholarly journals House prices and property tax revenues during the boom and bust: Evidence from small‐area estimates

2018 ◽  
Vol 49 (4) ◽  
pp. 636-656
Author(s):  
Christopher B. Goodman
Keyword(s):  
Small Area ◽  
House Prices ◽  
Property Tax ◽  
Tax Revenues ◽  
Boom And Bust

scholarly journals House Prices & Property Tax Revenues During the Boom & Bust: Evidence from Small-Area Estimates

2018 ◽  
Author(s):  
Christopher B Goodman
Keyword(s):  
House Prices ◽  
Local Level ◽  
Property Tax ◽  
Effective Property ◽  
Tax Revenue ◽  
Tax Rates ◽  
House Values ◽  
The Great Recession ◽  
Tax Revenues ◽  
Home Values

Although the Great Recession put the U.S. economy into a tailspin, we know little about how the changes in house prices influenced property tax collections. Using local level housing data from Zillow matched to property tax data from 1998 to 2012, two questions are examined. First, the elasticity of property tax revenue with respect to house values is estimated. Second, the timing of this elasticity is determined. The analysis rules out that local policymakers capture the entire increase of house value in property tax revenues but unable to rule out that increases in house values are completely offset by changes in effective property tax rates. Decreases in values have an elasticity between 0.3 and 0.4 and take three years for changes in values to impact property tax revenues. While property tax collections declined, local policymakers adjusted effective millage rates such that revenues did not decline as much as home values.

scholarly journals COMPARATIVE ANALYSIS OF FOREIGN SYSTEMS OF PROPERTY TAXATION

2020 ◽  
Vol 7 (2) ◽  
pp. 25-30
Author(s):  
Elena S. Stegnienko ◽  
Svetlana A. Frolova
Keyword(s):  
Comparative Analysis ◽  
Real Estate ◽  
Russian Federation ◽  
Property Tax ◽  
Tax Revenues ◽  
Single Tax ◽  
Property Taxation ◽  
The Russian Federation ◽  
Distribution Of Powers

The article discusses attempts to integrate land tax and property tax of individuals into a single tax on real estate in the Russian Federation. The analysis of foreign systems of property taxation on various grounds is given (level of distribution of powers, level of budget to which tax revenues, property, subject of tax are directed). The principles of the effectiveness of the system of taxation of real estate, developed by international practice, are identified.

scholarly journals Heterogeneous Monetary Policy Transmission in the US Housing Market

2018 ◽  
Vol 10 (1) ◽  
pp. 75-96
Author(s):  
Maria Christidou ◽  
Panagiotis Theodore Konstantinou ◽  
Costas Roumanias
Keyword(s):  
Monetary Policy ◽  
House Prices ◽  
National Level ◽  
Property Tax ◽  
State Level ◽  
The State ◽  
Tax Rates ◽  
Housing Investment ◽  
Policy Transmission ◽  
The Us

We assess the effects of monetary policy on real house prices and housing investment across the US states during the period 1983-2008. We find that an expansionary monetary shock generates higher housing investment and house prices at the national level. At the state level, however the responses of housing investment and house prices differ from the nation-wide responses. We relate this heterogeneity to various observable factors such as property tax rates, howeownership, income inequality, poverty and demographic factors. All these factors are crucial in explaining the heterogeneity of the state-level responses.

scholarly journals Practical aspects of mobilising property tax: experience in Sierra Leone and Malawi

2015 ◽  
pp. 242-262 ◽  
Author(s):  
Paul Fish
Keyword(s):  
Developing Countries ◽  
Local Government ◽  
Sierra Leone ◽  
Local Governments ◽  
Property Tax ◽  
Practical Experience ◽  
Lessons Learned ◽  
Government Institutions ◽  
Tax Revenues ◽  
Stable Source

Much literature has been written about the appeal of property tax as a stable source of revenue for subnational governments in developing countries. Building on this significant background of literature is the author’s practical experience working in local government institutions within both Sierra Leone and Malawi. This article relates to the development and testing of a process of mobilizing the internally generated property tax revenues of local governments, and reports on the results of that process, and the challenges and lessons learned.

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