The Property Tax as a Tax on Value: Deadweight Loss

Richard Arnott and Petia Petrova

No 8913, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Consider an atomistic developer who decides when and at what density to develop his land, under a property tax system characterized by three time-invariant tax rates: the tax rate on pre-development land value, the tax rate on post-development residual site value, and the tax rate on structure. Arnott (2002) identified the subset of property value tax systems which are neutral. This paper investigates the relative efficiency of four idealized, non-neutral property value tax systems (Canadian property tax system, simple property tax system, residual site value tax system, and differentiated property tax system) under the assumption of a constant rental growth rate.

JEL-codes: H2 (search for similar items in EconPapers)
Date: 2002-04
New Economics Papers: this item is included in nep-pbe
Note: PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Published as Arnott, Richard and Petia Petrova. "The Property Tax As A Tax On Value: Deadweight Loss," International Tax and Public Finance, 2006, v13(2-3,May), 241-266.

Downloads: (external link)
http://www.nber.org/papers/w8913.pdf (application/pdf)

Related works:
Journal Article: The Property Tax as a Tax on Value: Deadweight Loss (2006)
Working Paper: The Property Tax as a Tax on Value: Deadweight Loss (2002)
Working Paper: The Property Tax as a Tax on Value: Deadweight Loss (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:8913

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w8913

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().