ASSESSING THE IMPACT OF LOCAL TAXATION ON PROPERTY PRICES: A SPATIAL MATCHING CONTRIBUTION

Sylvie Charlot, Sonia Paty and Michel Visalli ()
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Michel Visalli: CSGA - Centre des Sciences du Goût et de l'Alimentation [Dijon] - INRA - Institut National de la Recherche Agronomique - UB - Université de Bourgogne - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper provides empirical evidence on the impact of local taxation on property prices, controlling for the local public spending, using data on property taxation and real estate transactions, over the period 1994-2004. Our empirical methodology pairs transactions in the same spatial environments. Spatial differencing and Instrumental Variables methodology allow us to compare sales across municipality boundaries and to control for the potential endogeneity of local taxation and public spending. Our results suggest that the local property tax rate has no impact on property prices, while the amount of taxes paid appears to have a negative effect on property price.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2013
Note: View the original document on HAL open archive server: https://hal.science/hal-00762809v1
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Citations: View citations in EconPapers (1)

Published in Applied Economics, 2013, 45 (09), pp.1151-1166. ⟨10.1080/00036846.2011.613798⟩

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Related works:
Journal Article: Assessing the impact of local taxation on property prices: a spatial matching contribution (2013)
Working Paper: Assessing the impact of local taxation on property prices: a spatial matching contribution (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00762809

DOI: 10.1080/00036846.2011.613798

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