Property Tax and Urban Sprawl. Theory and Implications for U.S. Cities

Yves Zenou and Yan Song

No 5345, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This article attempts a formal analysis of the connection between property tax and urban sprawl in U.S. cities. We develop a theoretical model that includes households (who are also landlords) and land developers in a regional land market. We then test the model empirically based on a national sample of urbanized areas. The results we obtained from both theoretical and empirical analyses indicate that increasing property tax rates reduces the size of urbanized areas.

Keywords: Urban sprawl; Urban economics; Property tax; Instrumental variables; Fully-closed city (search for similar items in EconPapers)
JEL-codes: H3 H71 R14 (search for similar items in EconPapers)
Date: 2005-11
New Economics Papers: this item is included in nep-geo, nep-pbe and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Property tax and urban sprawl: Theory and implications for US cities (2006)
Working Paper: Property Tax and Urban Sprawl: Theory and Implications for U.S. Cities (2005)
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