Property Value Assessment Growth Limits, Tax Base Erosion and Regional In-Migration

Mark Skidmore and Mehmet Tosun

No 4906, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: In 1994 a limit on the growth of property values for tax purposes was imposed in Michigan. One consequence of the newly imposed assessment growth cap was an emerging differential in tax prices between potential new property owners and long-time property owners. The purpose of this paper is to examine the impact of this growing tax price differential on migration patterns. Using county level data on migration activity over the 1994-2006 period, we present evidence that differential tax prices resulting from the assessment growth cap have reduced in-migration.

Keywords: regional migration; property tax; tax base erosion; Michigan (search for similar items in EconPapers)
JEL-codes: H71 H73 J61 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2010-04
New Economics Papers: this item is included in nep-acc, nep-geo, nep-mig, nep-pbe, nep-pub and nep-ure
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Citations: View citations in EconPapers (2)

Published - published in: Public Finance Review, 2011, 39 (2), 256-287

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Journal Article: Property Value Assessment Growth Limits, Tax Base Erosion, and Regional In-Migration (2011)
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