The incidence of heterogeneous residential property taxes |
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| Institution: | 1. KU Eichstätt-Ingolstadt, CESifo, Germany and WU Vienna, Austria;2. University of Oxford, United Kingdom and DIW, Germany;1. Department of Social and Human Sciences, Miguel Hernandez University of Elche, Spain;2. Center of Operations Research (CIO), Miguel Hernandez University of Elche, Spain;3. Department of Economics, University of Extremadura, Badajoz, Spain;1. Department of Urban Planning and Policy, University of Illinois, Chicago, United States;2. Department of Public Administration, University of Illinois Springfield, United States;3. Department of Public Administration and Senior Scholar, Institute of Government and Public Affairs, University of Illinois, Chicago, United States |
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| Abstract: | In an economy with multiple tax jurisdictions, the distribution of the burden of heterogeneous residential property taxes is shown to depend on the elasticity of demand for housing, the elasticity of substitution between land and capital in housing production, the elasticity of supply of land to individual tax jurisdictions, and the degree of population mobility between tax jurisdictions. It is demonstrated that the excise effects of the residential property tax may not cancel across jurisdictions and the average rate of tax may overstate or understate the burden on residential capital. |
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