Taxing Property Transactions versus Taxing Property Ownership

Terri A. Sexton ()

International Center for Public Policy Working Paper Series, at AYSPS, GSU from International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University

Abstract: Few studies have examined the use and effects of real property transfer taxes, especially in the U.S. This paper examines the variety of transfer tax programs currently in use in the U.S. and compares them to property taxes in terms of equity, efficiency, and revenue potential and stability. The next section examines the widespread use of property transfer taxes in the U.S. and other countries and compares them in terms of tax rates, tax base, tax authority, and use of revenues. In Section 3 we discuss the distributional impact of property transfer taxes including who ultimately bears the burden of the tax and whether the tax is regressive or progressive with respect to income. Section 4 looks at the efficiency effects of transfer taxes including the excess burden of the tax and its effect on household mobility. Section 5 examines the revenue potential of transfer taxes and their volatility, and Section 6 summarizes and concludes.

Keywords: Property Transactions; Property Ownership; proporty tax (search for similar items in EconPapers)
Pages: 44 pages
Date: 2008-12-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://icepp.gsu.edu/files/2015/03/ispwp0820.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ays:ispwps:paper0820

Access Statistics for this paper

More papers in International Center for Public Policy Working Paper Series, at AYSPS, GSU from International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University Contact information at EDIRC.
Bibliographic data for series maintained by Paul Benson ().