Incidence of the Property Tax on Commercial Real Estate: The Case of Downtown Chicago

John McDonald

National Tax Journal, 1993, vol. 46, issue 2, 109-20

Abstract: Presents and empirical study of office rents and property taxes for individual buildings in downtown Chicago in 1991. The results show that 45 percent of property tax differentials are shifted forward to tenants as higher gross rents. Application of the Hausman(1978) test for specification error reveals that assessed value per square foot (the base for the property tax) is exogenous with respect to gross rent per square foot.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:46:y:1993:i:2:p:109-20

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