Property taxes, mobility, and home ownership
Article Abstract:
The impact of alternative property taxes on household mobility, economic efficiency and horizontal equity is investigated. A simple theoretical model is employed to extract expressions for the maximum time per dwelling under a conventional property tax, an acquisition-value property tax and a transfer tax. Results show that a shift from a conventional property tax to an acquisition-value property tax has an affect on household mobility, the possibility of home ownership and jurisdictional choice. Such a switch results in lowered household mobility and better likelihood of home ownership among non-freqent movers, at the expense of frequent movers. Unlike the conventional property tax, which has current market value as its basis, the acquisition-value property tax uses the property's market value at the time of purchase. As for the transfer tax, it is found to be less efficient and less equitable than the acquisition-value property tax.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Gentrification and crime
Article Abstract:
A case study of gentrification - displacement of low-income by high-income families - in Portland, Oregon is undertaken. A model demonstrates competition for interior city land by the two income groups and depicts changes in racial and income structures including changes in crime rates.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Stolen gun control
Article Abstract:
Guns stolen from law-abiding households are considered to be an important source of guns for criminals. The externalities in the gun market can be internalized, by providing a simple refundable deposit for guns.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Property tax and urban sprawl: theory and implications for US cities. Racial discrimmination and redlining in cities
- Abstracts: Education, social security, and growth. Aging population and education finance. Education, redistributive taxation and confidence
- Abstracts: Intervention, sterilization, and monetary control in Korea and Taiwan. Monetary policy and monetary institutions
- Abstracts: Volunteerism: reality bites. Generation X: The unknown quantity. A ticking time bomb?
- Abstracts: Agglomeration, dispersion, and the pioneer firm. On the endogenous allocation of decision powers in federal structures