Quantity, price, and compliance effects of a second-home taxation reform in France

Antoine Belgodere () and Georges Casamatta ()
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Antoine Belgodere: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli]
Georges Casamatta: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli], TSE-R - TSE-R Toulouse School of Economics – Recherche - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Since 2015, French municipalities facing high housing market pressures have been allowed to levy a surcharge on the housing tax applied to second homes. Using a synthetic differencein-differences design, we find a substantial decline in the declared number of second homes and a significant increase in housing tax revenues in treated municipalities, but no evidence of a decrease in housing prices. Drawing on dwelling-level transition microdata, we show that most of the apparent reduction in second homes is driven by strategic reclassification for tax purposes rather than genuine changes in occupancy.

Keywords: Synthetic difference-in-differences; Tax reform; Housing taxation; Second homes (search for similar items in EconPapers)
Date: 2026
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Published in Journal of Urban Economics, 2026, 154, pp.103887. ⟨10.1016/j.jue.2026.103887⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05663707

DOI: 10.1016/j.jue.2026.103887

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