Houses, apartments, and the incidence of property taxes

摘要: Abstract The residential property tax is a major component of local government revenues and consumers’ housing costs. This study uses newly available data from the 2001 Residential Finance Survey to investigate incidence this tax. finds that for nation as whole, multifamily rental bears an effective rate (tax divided by value) at least 18 percent higher than on single‐family owner‐occupied housing. gap appears have arisen during 1990s. level taxation apartment/house differential vary considerably location. Much—but not all—of associated with fact apartments lower average value per unit houses. tax, implemented, promotes low‐density development, disproportionately burdens lower‐value properties, may impose taxes apartment residents homeowners identical incomes.