Inattention to Deferred Increases in Tax Bases: How Michigan Home Buyers Are Paying for Assessment Limits
Inattention to Deferred Increases in Tax Bases: How Michigan Home Buyers Are Paying for Assessment Limits
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对税基递延增加的忽视：密歇根州购房者如何支付评估限额
DOI：
10.1162/rest_a_00597
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发表时间：
2017
影响因子：
8
通讯作者：
Sebastien Bradley
中科院分区：
文献类型：
--
作者：
Sebastien Bradley
摘要密歇根州实施的评估限额导致不同可比房屋的应税基础存在很大差异。利用由此产生的财产税负担差异暂时被新购房者继承这一事实，我估计了这些基本上是特殊的税收差异的资本化程度，以评估购房者是否理解他们购房的税收影响。与坊间证据一致，但与理性消费者行为的传统观点形成鲜明对比的是，我发现购房者严重忽视了他们最初纳税义务的临时性，导致平均每套住房多付了近1万美元。
Abstract Michigan’s implementation of assessment limits gives rise to a wide variation in taxable basis across comparable homes. Exploiting the fact that the resulting differences in property tax liability are temporarily inherited by new homebuyers, I estimate the degree of capitalization of these largely idiosyncratic tax differences to evaluate whether homebuyers understand the tax implications of their home purchases. Consistent with anecdotal evidence but in stark contrast to the traditional view of rational consumer behavior, I find that homebuyers are woefully inattentive to the temporary nature of their initial tax obligations, resulting in an overpayment of nearly $10,000 for the average home.
影响因子：
13.7
作者：
Genesove, D;Mayer, C
通讯作者：
Mayer, C