Residential property tax capitalization: consistent estimates using micro-level data.

D. P. Krantz, R. D. Weaver, T. R. Alter

Research output: Contribution to journalArticle

13 Scopus citations

Abstract

Presents a linear capitalisation model for micro-level residential property data using the effective tax rate as the measure of tax burden, but estimated using an approach that yields estimates with desirable sample properties. The maximum likelihood estimate approach provides consistent estimates of the effective tax rate coefficient in the model specified. The results show that property tax changes are roughly 60% capitalised into value for the residential properties sampled.-R.K.Turner

Original languageEnglish (US)
Pages (from-to)488-496
Number of pages9
JournalLand Economics
Volume58
Issue number4
DOIs
StatePublished - Jan 1 1982

All Science Journal Classification (ASJC) codes

  • Environmental Science (miscellaneous)
  • Economics and Econometrics

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