School Quality, Local Budgets, and Property Values: A Re-Examination of Capitalization

K-L Bradbury, Karl E. Case () and Christopher Mayer ()

Working Papers from Wellesley College - Department of Economics

Abstract: This paper uses newly available quality-controlled house price indexes to estimate the extent of capitalization of both taxes and services by looking at the relationship between changes in house prices and changes in school quality, non-school spending, and taxes.

Keywords: TAXATION; HOUSING; EDUCATION (search for similar items in EconPapers)
JEL-codes: H2 G12 I2 (search for similar items in EconPapers)
Date: 1995
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Persistent link: http://EconPapers.repec.org/RePEc:fth:wecoec:95-15

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