Effects of property value assessment limit portability on migration outflows

Stuart P. DiDonato and Antonios Koumpias

Public Budgeting & Finance, 2024, vol. 44, issue 4, 147-182

Abstract: This study examines the impact of the 2008 portability provision of Florida's property value assessment limit, which permits homeowners to transfer the benefit of assessment limitations, on in‐state out‐migration. Leveraging IRS county‐to‐county migration data and quasi‐experimental designs, we find increased household and individual in‐state, county‐to‐county outflows following portability implementation in Florida relative to other states by 478 households (4.8%) and 675 individuals (3.5%). Our results suggest that natural amenities, rather than home‐ownership rates or property value growth, drive migration outflows. Robustness checks reveal heterogeneous responses across metro and nonmetro counties, suggesting that urbanization may accelerate after adopting the provision.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/pbaf.12373

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:bla:pbudge:v:44:y:2024:i:4:p:147-182

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0275-1100

Access Statistics for this article

Public Budgeting & Finance is currently edited by Philip Joyce and William Simonsen

More articles in Public Budgeting & Finance from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().