Is the Property Tax a Capital Tax?An Investigation of the "Capital Tax View" of the Property Tax

Tomomi Miyazaki and Motohiro Sato

Economic Review, 2014, vol. 65, issue 4, 303-317

Abstract: This paper examines whether or not the capital owners bear the burden of property taxes levied on capital (housing) using Japanese regional (prefectural) data. To do so, we follow the empirical framework of Wassmer (1993), which examines "Capital Tax View" of a property taxes. Empirical results show that while the effects of property taxes on capital are estimated to be negative and significant on the asset price of house, but have insignificant effect on the land price.

JEL-codes: H22 H71 R51 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:hit:ecorev:v:65:y:2014:i:4:p:303-317

DOI: 10.15057/27366

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