TY  - JOUR
AU  - Arnott,Richard
AU  - Petrova,Petia
TI  - The Property Tax as a Tax on Value: Deadweight Loss
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8913
PY  - 2002
Y2  - April 2002
UR  - http://www.nber.org/papers/w8913
L1  - http://www.nber.org/papers/w8913.pdf
N1  - Author contact info:
Richard J. Arnott
Department of Economics
Boston College
Chestnut Hill, MA 02467
Tel: 617/552-3674
Fax: 617/552-2308
E-Mail: richard.arnott@ucr.edu

Petia Petrova
E-Mail: ppetrova@wcrinet.org
AB  - 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.
ER  -