NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Petia Petrova

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NBER Working Papers and Publications

April 2002The Property Tax as a Tax on Value: Deadweight Loss
with Richard Arnott: w8913
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.

Published: 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. citation courtesy of

 
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