The Connection Between House Price Appreciation and Property Tax Revenues
The Connection Between House Price Appreciation and Property Tax Revenues
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房价升值与房产税收入的关系
DOI：
10.17310/ntj.2008.3.13
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发表时间：
2008
影响因子：
1.7
通讯作者：
Byron Lutz
中科院分区：
文献类型：
--
作者：
Byron Lutz
本文从两个方面探讨了物业税收入与房价之间的关系。首先，我估计了物业税收入相对于房价的弹性。这种弹性不一定等于1，因为政府可能会调整有效税率，以抵消房地产价值的变化。其次，我考察了两国关系的时机。房产税的制度特征使房价的变化不太可能立即影响税收收入。结果表明，弹性最终等于0.4，房价变化需要三年时间才能影响税收收入。
This paper explores two aspects of the connection between property tax revenues and house prices. First, I estimate the elasticity of property tax revenues with respect to house prices. This elasticity does not necessarily equal one as governments may adjust effective tax rates to offset changes in property values. Second, I examine the timing of the relationship. Institutional features of the property tax make it unlikely that changes in house prices will immediately influence tax revenues. The results suggest that the elasticity eventually equals 0.4 and that it takes three years for house price changes to impact tax revenues.