Property Taxes and House Values: The Theory and Estimation of Intrajurisdictional Property Tax Capitalization – Excerpts

by John Yinger, Howard S. Bloom, Axel Borsch-Supan and Helen F. Ladd

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EXCERPTS

Chapter 1: What is Property Tax Capitalization?

What is Property Tax Capitalization?

What Does This Book Contribute?

How Does Property Tax Capitalization Arise?

Why Does Property Tax Capitalization Matter?

How Is This Book Organized?

Chapter 7: Property Tax Capitalization and Public Policy 

Interpretation of Capitalization Estimates

The Assessor’s Problem

Capitalization and the Economic Efficiency of the Property Tax

Capitalization and the Horizontal Equity of the Property Tax

The Distribution of Gains and Losses from Revaluation in Waltham