The Impact of Taxes and HOA Fees on Single-Family Home Prices

Fiorentina Angjellari-Dajci (), Richard Cebula (), Robert Boylan, C. Izard () and George Gresham ()

International Advances in Economic Research, 2015, vol. 21, issue 2, 211 pages

Abstract: This empirical study utilizes a hedonic pricing model and a large dataset to investigate how property taxes and homeowners association (HOA) fees were capitalized into the real price of single-family homes from 2002 through 2013 in Duval County, Northeast Florida. The findings suggest that the real price was negatively impacted by real city and county property taxes, but positively affected by membership in an HOA. These findings are consistent with earlier research and have implications for government policy makers, real estate developers and civic groups, both regionally and nationally. Copyright International Atlantic Economic Society 2015

Keywords: Housing prices; Property tax capitalization; Homeowners associations; Market mechanism; R14; R13; R11 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s11294-015-9521-4

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