The Effects of House Prices on Taxation and Property Valuation

Résumé du livre

ABSTRACT: This dissertation highlights how the housing boom and bust have affected taxation and property valuation. Three questions are explored in separate essays. First, how have local governments responded to fluctuating house prices? Second, how do property assessment distributions compare across jurisdictions and has regressivity changed with price movements? Third, noting that property tax appeals intensified after the bust, how is the process supposed to work and who receives reductions? These essays draw from unique property databases in Florida to perform econometric estimations that advance knowledge about property taxation, property valuation, and public policy in times of high house price volatility.