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Property Tax and Fiscal Discipline in OECD Countries

Andrea Presbitero, Agnese Sacchi () and Alberto Zazzaro ()

No 95, Mo.Fi.R. Working Papers from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences

Abstract: This paper investigates the effects of property taxation on fiscal discipline for a sample of OECD countries over the period 1973-2011. We find that aggregate property taxation in total tax revenues is not statistically correlated with the primary surplus-to-GDP ratio. In contrast, a greater reliance on property taxes pertaining to sub-national governments contributes to fiscal discipline, suggesting that fiscal decentralization should favor responsive tax base instruments.

Keywords: Fiscal imbalance; Property tax; Sub-national governments; Tax decentralization (search for similar items in EconPapers)
JEL-codes: E62 H62 H71 H77 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-mac, nep-pbe and nep-pub
Date: 2014-05
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wmofir:95

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