scholarly journals Quasi-Experimental Evidence on the Connection between Property Taxes and Residential Capital Investment

2015 ◽  
Vol 7 (1) ◽  
pp. 300-330 ◽  
Author(s):  
Byron Lutz
Keyword(s):  
School Finance ◽  
Capital Investment ◽  
Property Tax ◽  
The State ◽  
Property Taxes ◽  
Finance Reform ◽  
School Finance Reform ◽  
Home Construction ◽  
Quasi Experimental ◽  
Residential Capital

Do low property taxes attract new home construction? This question is answered using a large shock to property tax burdens caused by an unusual school finance reform in the state of New Hampshire. The estimates suggest that, in most of the state, communities with a reduced tax burden experience a substantial increase in residential construction. In the area of the state near the region's primary urban center (Boston), however, the shock clears through a price adjustment—i.e., by capitalizing into property values. The differing responses are attributed to differing housing supply elasticities. (JEL H71, H73, R31)

School Finance Reform and Rural Property Taxes

1983 ◽  
Vol 5 (1) ◽  
pp. 37
Author(s):  
Marvin B. Johnson ◽  
Teri L. Perkins
Keyword(s):  
School Finance ◽  
Property Taxes ◽  
Finance Reform ◽  
School Finance Reform

The Local Impact of School Finance Reform in Four Texas School Districts

1994 ◽  
Vol 16 (4) ◽  
pp. 391-404 ◽  
Author(s):  
Lawrence O. Picus
Keyword(s):  
School Districts ◽  
School Improvement ◽  
School Finance ◽  
Core Curriculum ◽  
Property Tax ◽  
Finance Reform ◽  
School Finance Reform ◽  
Fiscal Conditions ◽  
Local Impact ◽  
Texas School Districts

This article describes how four Texas school districts responded to changed fiscal conditions following the implementation of reforms designed to bring greater equity to Texas school finance. Case studies in two poor districts revealed that although there were substantial increases in funding available, very little of this new money was spent on improvements to the core curriculum. In the two wealthy districts, one struggled to maintain current spending levels, with very few changes in priorities, while the other was able to pass a substantial property tax increase for school improvement. However, a substantial portion of the increased funds was used to replace lost state money.

Where Did the $800 Million Go? The First Year of New Jersey's Quality Education Act

1994 ◽  
Vol 16 (4) ◽  
pp. 359-373 ◽  
Author(s):  
William A. Firestone ◽  
Margaret E. Goertz ◽  
Brianna Nagle ◽  
Marcy F. Smelkinson
Keyword(s):  
School Finance ◽  
Educational Environment ◽  
The State ◽  
Interview Data ◽  
Quality Education ◽  
First Year ◽  
Finance Reform ◽  
School Finance Reform ◽  
Education Act ◽  
Reduced State

Passage of New Jersey's school finance reform law raised questions about whether it would equalize funding between rich and poor districts, whether poor districts would waste their increases, and whether equalization would impair richer districts. Budgetary and interview data from 11 districts of varying wealth suggest that in the first year the law only modestly increased fiscal equality. Poor districts used new funds to improve other programs and the material educational environment. Wealthier districts experienced only minor cuts, which resulted as much from residents' unwillingness to tax themselves to the level allowed by the state as from reduced state funds.

SCHOOL FINANCE REFORM: AID FORMULAS AND EQUITY OBJECTIVES

1998 ◽  
Vol 51 (2) ◽  
pp. 239-262 ◽  
Author(s):  
WILLIAM DUNCOMBE ◽  
JOHN YINGER
Keyword(s):  
School Finance ◽  
Finance Reform ◽  
School Finance Reform
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