TY  - JOUR
AU  - Bradbury,Katharine L.
AU  - Ladd,Helen F.
TI  - City Taxes and Property Tax Bases
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2197
PY  - 1987
Y2  - March 1987
UR  - http://www.nber.org/papers/w2197
L1  - http://www.nber.org/papers/w2197.pdf
N1  - Author contact info:
Helen Ladd
Sanford School of Public Policy
Box 90245  Duke University
Durham, NC 27708
Tel: 919-613-7352
Fax: 919-681-8288
E-Mail: hladd@duke.edu
AB  - This paper investigates the simultaneous relationship between tax rates and city property tax bases using data for 86 large U.S. cities in 1967, 1972, 1977, and 1982. We find that a 10 percent increase in the city's property tax rate decreases the city's tax base by about 1.5 percent. In addition, local income taxes and taxes levied by overlying jurisdictions (such as county and state governments) also have negative impacts on the city's property tax base. Local sales taxes, in contrast, appear to have little impact. We conclude that taxes affect local property values more than is typically implied by previous studies that have investigated the impacts of state and local taxes on firms' location decisions.
ER  -