1013 Makena Cove Way
Knoxville, TN 37909
Institutional Affiliation: Maryville College
NBER Working Papers and Publications
|January 2019||Age-Based Property Tax Exemptions|
with H. Spencer Banzhaf, Carlianne E. Patrick: w25468
Many local jurisdictions offer property tax exemptions or similar concessions to older citizens. Such exemptions represent substantial intergenerational transfers and may have important implications for local public finances. The consequences of age-based property tax exemptions depend upon the extent to which they influence households' location decisions, housing tenure decisions, and housing consumption. We provide the first evidence on (long-term) changes in household composition and housing consumption attributable to local, age-based property tax exemptions. We construct a unique database of local property tax exemptions in Georgia covering 100 years of county, school district, and selected city property tax laws. We use these data to estimate the effect of age-based property tax...