The incidence of heterogeneous residential property taxes

Hobson, Paul A. R.

doi:10.1016/0047-2727(86)90035-6

Cited by 5 publications

(2 citation statements)

References 7 publications

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“…6. For example, see Hobson (1986), Lin (1986), Brueckner (1981, LeRoy (1976), and Arnott and MacKinnon (1977); all of these studies take a long run perspective in which land is flexible across uses in different sectors and labor (if considered at all) is perfectly mobile across jurisdictions. 7.…”

Section: Discussionmentioning

confidence: 99%

Revisiting the Excise Tax Effects of the Property Tax

Muthitacharoen

Zodrow

2012

Public Finance Review

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The authors analyze the excise tax effects of a general property tax from the perspective of a small open economy facing a perfectly elastic supply of capital. The model differs from most that have appeared in the literature in the following ways: (1) the property tax is applied in a four-sector model with three taxed sectors-manufacturing, housing, and services, and a tax-exempt agricultural sector. Only manufacturing and agriculture produce tradable goods; (2) the analysis considers an ''intermediate run'' time frame in which labor is perfectly mobile across production sectors but fixed within the jurisdiction, while land is fixed in each sector; and (3) all production sectors use capital, labor, and land. The authors find that the excise tax effects are borne primarily by labor and land. The results also indicate that the degree of backward taxshifting declines markedly in a longer run time frame in which labor is perfectly mobile across jurisdictions.

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Section: Discussionmentioning

confidence: 99%

Revisiting the Excise Tax Effects of the Property Tax

Muthitacharoen

Zodrow

2012

Public Finance Review

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“…However, it is well known that other models have similar features. Hobson [11] shows that when the population is fully mobile, differences in tax rates across communities (holding services constant) will be capitalized into land rents. Thus while the burden of the average property tax rate may be shifted among factors of production or to renters depending on supply and substitution elasticities, land rents capture property tax differentials.…”

Section: Literature Reviewmentioning

confidence: 99%