Resource title

Optimal commodity taxation when land and structures must be taxed at the same rate

Resource image

image for OpenScout resource :: Optimal commodity taxation when land and structures must be taxed at the same rate

Resource description

We show that the optimal property tax rate rises with the ratio of land rents to structure and land development costs. California?s high ratio of income to property tax revenue and the distribution of Federal housing subsidies thus appear geographically misplaced. Proportional taxation of non-housing commodities is not optimal, even when elasticities with respect to wages are identical. Absent externalities, the desirability of transportation taxes and ?antisprawl? growth controls hinge on the relative importance of time versus money in commuting costs.

Resource author

Saku Aura, Thomas Davidoff

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18986

Resource license

Adapt according to the presented license agreement and reference the original author.