Abstract
Presents a linear capitalisation model for micro-level residential property data using the effective tax rate as the measure of tax burden, but estimated using an approach that yields estimates with desirable sample properties. The maximum likelihood estimate approach provides consistent estimates of the effective tax rate coefficient in the model specified. The results show that property tax changes are roughly 60% capitalised into value for the residential properties sampled.-R.K.Turner
Original language | English (US) |
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Pages (from-to) | 488-496 |
Number of pages | 9 |
Journal | Land Economics |
Volume | 58 |
Issue number | 4 |
DOIs | |
State | Published - Jan 1 1982 |
All Science Journal Classification (ASJC) codes
- Environmental Science (miscellaneous)
- Economics and Econometrics