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Capitalization of Intrajurisdictional Differences in Local Tax Prices.

This article describes a model in which the excess of local public sector benefits over tax liability causes shifts in the demand curves for various classes of residential property. The model is used to generate statements about market distortions or the lack thereof, and the progressivity of the ta...

Full description

Published in:American Economic Review Vol. 66; no. 5; pp. 743 - 754
Main Author: Hamilton, Bruce W.
Format: Article
Published: American Economic Association Dec76
Subjects:
Property tax
Residential real estate
Demand function
Public sector
Land use
Mieszkowski, Peter
Online Access:View this record in EBSCOhost