Property Taxation and the Demand for Floor Space in Japan

Miki Seko ()

International Real Estate Review, 1999, vol. 2, issue 1, 35-48

Abstract: This is the first study applying the econometric analysis of piecewise-linear budget constraints arising from space- linked property taxation to Japanese housing data. The model employed is the classical Hausman type with convex piecewise-linear budget constraints and fixed preferences. We estimate that if spaced-linked property taxation for newly built houses is abolished, it would then eliminate a current excess tax burden per household of approximately 25,000 yen.

Keywords: Nonlinear budget constraints; Property taxation; Housing demand; Floor space; Japan (search for similar items in EconPapers)
JEL-codes: L85 (search for similar items in EconPapers)
Date: 1999
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