We investigated three property tax issues and summarize our research. First, what is the impact of property taxes on home values, given that the literature is inconsistent on this effect? Second, do higher property tax rates constrain house price appreciation? Third, how are lower property tax rates tied to the household tenure? Our conclusions suggest that some local governments actually collect less tax revenue as a result of excessive effective tax rates.
Property tax rates; Housing market
Miller, N. G., Pennington-Cross, A., & Sklarz, M. (2020). Property tax rates and house prices: the impact of relatively high and low property tax rates. Journal of Property Tax Assessment & Administration, 17(1). Retrieved from https://researchexchange.iaao.org/jptaa/vol17/iss1/4