Small homes, public schools, and property tax capitalization

Ryan Gallagher (), Haydar Kurban () and Joseph Persky ()

Regional Science and Urban Economics, 2013, vol. 43, issue 2, 422-428

Abstract: Efforts to estimate the degree to which local property taxes are capitalized into house values are complicated by any spurious correlation between property taxes and unobserved public services. One public service of particular interest is the provision of local public schools. Not only do public schools bulk large in the local property tax bill, but the inherent difficulty in measuring school quality has potentially undermined earlier attempts at achieving unbiased estimates of property tax capitalization. This particular problem has been of special concern since Oates' (1969) seminal paper.

Keywords: Property tax capitalization; Home value; Border discontinuity; Public schools (search for similar items in EconPapers)
JEL-codes: H2 R21 R51 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Working Paper: Small Homes, Public Schools, and Property Tax Capitalization (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:43:y:2013:i:2:p:422-428

DOI: 10.1016/j.regsciurbeco.2013.01.001

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