The impact of enterprise zone tax incentives on local property markets in England: who actually benefits?
Shaun A. Bond,
Ben Gardiner and
Journal of Property Research, 2013, vol. 30, issue 1, 67-85
Research on the impact of property taxes on local real estate markets has a long history in the urban economics literature but few studies have considered this issue in the context of the commercial real estate market or on data from outside the USA. This is surprising given the use which governments make of property tax exemptions to assist local regeneration with the UK Government recently announcing some 24 new enterprise zones (EZs) in England. In this study we use a novel data-set on commercial real estate leases to investigate the incidence of the local property tax savings. Our data-set covers both taxed and tax exempt areas during the operation of the EZ designations in the UK. Our findings show that a large part of the tax savings appears to be captured in higher rents charged by landlords.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:jpropr:v:30:y:2013:i:1:p:67-85
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Property Research is currently edited by Bryan MacGregor
More articles in Journal of Property Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().