The New View of the Property Tax: A Reformulation

George Zodrow () and Peter M. Mieszkowski

Chapter 14 in Taxation in Theory and Practice:Selected Essays of George R Zodrow, 2019, pp 437-459 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The ‘new view’ of the property tax is reformulated within the context of a model with interjurisdictional competition, endogenous local public services, individuals who are segregated into homogeneous communities according to tastes for local public services, a simple form of land use zoning, and a political or constitutional constraint on the use of head taxes by local governments. Expressions for the ‘profits tax’ and ‘excise tax’ effects of the property tax are derived. The effects of a ‘consumption distortion’ away from government services due to local reluctance to tax mobile capital are also examined.

Keywords: Taxes; Taxation; Tax Reform; Consumption Taxation; State and Local Finance; Tax Competition (search for similar items in EconPapers)
Date: 2019
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Related works:
Journal Article: The new view of the property tax A reformulation (1986)
Working Paper: The New View of the Property Tax: A Reformulation (1984)
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