Proposition 13

Released on by Ayse Imrohoroglu
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  • Proposition 13 Book Detail

  • Author : Ayse Imrohoroglu
  • Release Date : 2017
  • Publisher :
  • Genre :
  • Pages : 50
  • ISBN 13 :
  • File Size : 64,64 MB
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Proposition 13 by Ayse Imrohoroglu PDF Summary

Book Description: There are many federal, state, and local laws that distort housing decisions and prices. However, it is often difficult to tease out the quantitative impact of such policies. In this paper, we examine the implications of one of the most significant tax changes initiated by voters in the United States on house prices, housing turnover, and household welfare. In 1978 California passed Proposition 13, which lowered property tax rates and restricted future property tax increases. We find that, the introduction of Proposition 13 leads to a 15% increase in house prices and a 3.3% decrease in the moving rates. The elimination of Proposition 13, however, leads to modest changes in house prices and mobility but sizable welfare gains.

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Proposition 13

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There are many federal, state, and local laws that distort housing decisions and prices. However, it is often difficult to tease out the quantitative impact of

Property Taxes and Tax Revolts

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Property tax revolts have occurred both in the United States and abroad. This book examines the causes and consequences of such revolts with a special focus on