Excessive Revenue Underforecasting: Evidence and Implications from New York City’s Property Tax

Propheter, Geoffrey

doi:10.1007/978-3-030-18195-6_11

Cited by 1 publication

(1 citation statement)

References 24 publications

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“…Assuming rents within GEAs do not respond to new supply until after eligible buildings are completed and come to market, then it stands to reason that we should not observe spillover effects until such a supply response. Since the first building to be completed within the new JHE GEA occurred in 2011 (Propheter, 2015), this year is used as the treatment period. The treatment group is composed of rental buildings within census tracts adjacent to the JHE GEA with the comparison group being rental buildings within the next ring of census tracts beyond.…”

Section: Inequities Due To Homeownership Statusmentioning

confidence: 99%

Capitalization of Property Tax Relief: Some Equity Implications and Relevance to Policy Design

Propheter

2019

Public Finance and Management

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Empirical research in the property tax capitalization literature focuses on estimating the degree to which property tax relief is capitalized into property prices on average; however, economic theory suggests that capitalization will vary across homeowners within a jurisdiction in systematic ways. By focusing on the extent of tax capitalization on average, then, there is a tendency to overlook that in the case of property tax relief, people will benefit differently from the same amount of statutory relief. This paper discusses some determinants of capitalization that contribute to property tax relief being enjoyed differently. Recent empirical research is drawn upon to support the presented arguments, and when such research is not available, analysis of novel data is offered instead. the paper also discusses tax relief policy design strategies for mitigating inequities, to the extent differential outcomes are undesirable.

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Section: Inequities Due To Homeownership Statusmentioning

confidence: 99%

Capitalization of Property Tax Relief: Some Equity Implications and Relevance to Policy Design

Propheter

2019

Public Finance and Management

View full text Add to dashboard Cite

show abstract

Excessive Revenue Underforecasting: Evidence and Implications from New York City’s Property Tax

Cited by 1 publication

References 24 publications

Capitalization of Property Tax Relief: Some Equity Implications and Relevance to Policy Design

Capitalization of Property Tax Relief: Some Equity Implications and Relevance to Policy Design

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