Home-owner Residential Property Taxes and their Burden on Net Personal Wealth: An Empirical Study for Australia

Gavin Wood

Urban Studies, 1999, vol. 36, issue 2, 239-254

Abstract: Domestic residential property taxes can be viewed as a substitute for a tax on personal wealth. This paper measures the formal distributional characteristics of residential property taxes in Australia with respect to the net wealth of home-owners, and the net wealth of all households in the personal sector. Net wealth is estimated by a combination of investment income and survey methods. The study emphasises three major findings. First, on controlling for stage in the life-cycle, the formal incidence of residential property taxes on home-owners' net wealth is clearly regressive with respect to the income of home-owners. Secondly, residential property taxes are a relatively high burden on young home-owner households' net personal wealth. Finally, though tenants are not liable for residential property taxes in Australia and the choice of owner-occupation is income-elastic, the residential property tax burden on personal-sector wealth is not distributed progressively.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:36:y:1999:i:2:p:239-254

DOI: 10.1080/0042098993583

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