Property taxes and property values: evidence from Proposition

Lang, Kévin; Jian, Tianlun

doi:10.1016/j.jue.2004.01.002

Cited by 37 publications

(22 citation statements)

References 20 publications

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“…A variety of examples, both observable and unobservable, have been documented in the literature in recent years. Examples include crime, environmental degradation, tax and fee burdens, and traffic congestion (Chay and Greenstone 2005;Cho 1997;Lang and Jian 2004;Pope 2008). Evidence reported in those, and other, studies suggests that hedonic model specifications should allow for both positive and negative factors.…”

Section: Literature Reviewmentioning

confidence: 94%

Housing Attribute Preferences in a Northern Mexico Metropolitan Economy

2009

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Section: Literature Reviewmentioning

confidence: 94%

Housing Attribute Preferences in a Northern Mexico Metropolitan Economy

2009

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“…In fact, from a theoretical point of view, higher fiscal taxation should determine more public investments in local territory [48], which should therefore result in higher appreciation of local properties by potential buyers. Lang and Jian [49], analyzing the effects of legislative changes in Massachusetts, have shown that communities that were able to increase their property taxes more rapidly have been characterized by higher increases in their housing values in the period following the new regulations. Oates [50,51] has pointed out that, in some situations, an increase in property taxation may result in an increase in rents to tenants, whereas it may have a modest impact on the market value of the properties.…”

Section: Introductionmentioning

confidence: 99%

An Analysis of the Influence of Property Tax on Housing Prices in the Apulia Region (Italy)

et al. 2017

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Abstract:In this research, the socio-economic determinants of housing market values have been examined, highlighting their respective contributions to the formation of the property prices and, in particular, verifying the property tax liability. The property tax is a factor that could determine, through modest fluctuations, the revival of the property demand, generating positive effects also on the construction sector, which has been currently affected by the negative real estate contingency. The functional correlations of housing prices with the main socio-economic variables considered (i.e., housing rents, household incomes, household consumptions, property taxes, population and mean population age) have been explained through an econometric analysis implemented with an innovative methodology that uses multi-objective genetic algorithms. The analysis is contextualized to the Apulia region in the South of Italy, and the population of the sample studied consists of 258 individuals, corresponding to the municipalities of the region. In particular, the data collected for each variable considered refer to two different moments, that is, the year 2011 and the year 2015, in order to take into account the fiscal tightening that has occurred in Italy in this period of time. The elaborations carried out have allowed us to enucleate interesting functional relationships between property prices and the explanatory variables considered.

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“…Later Langkevin and Tianlunian (2004) et al perform a large amount of empirical studies to explore the relationship between property taxes, public expenditure and housing prices by using data from different regions of United States, and the study results have mirrored the conclusion of Oates [3].…”

Section: Literature Review Theoretical Analysis and Hypothesis Propomentioning

confidence: 99%

Study on the Impact of Local Public Expenditure on Housing Price—An Empirical Analysis Based on Provincial Panel Data

Li¹

2018

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Based on the discussion about transmission mechanism of local public expenditure on housing price under different housing market types, the paper performs an empirical study on the influence of various public expenditures on housing price by using Chinese panel data of provinces from 2007 to 2015. According to the result, public education expenditure and public transportation expenditure have prominent capitalization effect on housing price. Among the expansions of various local public expenditures, public education expenditure is the most effective type to promote the capitalization of commercial housing. In dynamic panel test, the capitalization effect of public expenditure maintains significant after the introduction of consumer expectation, which is consistent with the regression result of static panel. At last, the paper puts forward some relevant policy suggestions for the government to optimize the structure of public expenditure, guide consumer expectations reasonably and promote the sound development of real estate market.

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Property taxes and property values: evidence from Proposition

Cited by 37 publications

References 20 publications

Housing Attribute Preferences in a Northern Mexico Metropolitan Economy

Housing Attribute Preferences in a Northern Mexico Metropolitan Economy

An Analysis of the Influence of Property Tax on Housing Prices in the Apulia Region (Italy)

Study on the Impact of Local Public Expenditure on Housing Price—An Empirical Analysis Based on Provincial Panel Data

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