The Property Tax as a Tax on Value: Deadweight Loss /
Arnott, Richard.
The Property Tax as a Tax on Value: Deadweight Loss / Richard Arnott, Petia Petrova. - Cambridge, Mass. National Bureau of Economic Research 2002. - 1 online resource: illustrations (black and white); - NBER working paper series no. w8913 . - Working Paper Series (National Bureau of Economic Research) no. w8913. .
April 2002.
Consider an atomistic developer who decides when and at what density to develop his land, under a property tax system characterized by three time-invariant tax rates: the tax rate on pre-development land value, the tax rate on post-development residual site value, and the tax rate on structure. Arnott (2002) identified the subset of property value tax systems which are neutral. This paper investigates the relative efficiency of four idealized, non-neutral property value tax systems (Canadian property tax system, simple property tax system, residual site value tax system, and differentiated property tax system) under the assumption of a constant rental growth rate.
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Mode of access: World Wide Web.
The Property Tax as a Tax on Value: Deadweight Loss / Richard Arnott, Petia Petrova. - Cambridge, Mass. National Bureau of Economic Research 2002. - 1 online resource: illustrations (black and white); - NBER working paper series no. w8913 . - Working Paper Series (National Bureau of Economic Research) no. w8913. .
April 2002.
Consider an atomistic developer who decides when and at what density to develop his land, under a property tax system characterized by three time-invariant tax rates: the tax rate on pre-development land value, the tax rate on post-development residual site value, and the tax rate on structure. Arnott (2002) identified the subset of property value tax systems which are neutral. This paper investigates the relative efficiency of four idealized, non-neutral property value tax systems (Canadian property tax system, simple property tax system, residual site value tax system, and differentiated property tax system) under the assumption of a constant rental growth rate.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.