The Property Tax as a Tax on Value: Deadweight Loss / Richard Arnott, Petia Petrova.

By:

Arnott, Richard

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w8913.Publication details: Cambridge, Mass. National Bureau of Economic Research 2002.Description: 1 online resource: illustrations (black and white)Subject(s):

H2 - Taxation, Subsidies, and Revenue

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Abstract: 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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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w8913 (Browse shelf(Opens below))	Not For Loan

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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.