Residential property tax capitalization: consistent estimates using micro-level data.

D. P. Krantz; R. D. Weaver; T. R. Alter

doi:10.2307/3145695

Residential property tax capitalization: consistent estimates using micro-level data.

D. P. Krantz, R. D. Weaver, T. R. Alter

Agricultural Economics, Sociology and Education

Research output: Contribution to journal › Article › peer-review

15 Scopus citations

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)
Pages (from-to)	488-496
Number of pages	9
Journal	Land Economics
Volume	58
Issue number	4
DOIs	https://doi.org/10.2307/3145695
State	Published - Jan 1 1982

All Science Journal Classification (ASJC) codes

Environmental Science (miscellaneous)
Economics and Econometrics

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title = "Residential property tax capitalization: consistent estimates using micro-level data.",

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",

author = "Krantz, {D. P.} and Weaver, {R. D.} and Alter, {T. R.}",

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AB - 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

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Residential property tax capitalization: consistent estimates using micro-level data.

Abstract

All Science Journal Classification (ASJC) codes

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