The stabilisation properties of immovable property taxation: Evidence from OECD countries
This paper contributes to the scarce literature on the macroeconomic effects of property taxes, in particular on the relationships between property taxes, house prices and the wider economy. The paper first estimates a fiscal reaction function which analysis the reaction of property tax revenues to...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2015
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| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | This paper contributes to the scarce literature on the macroeconomic effects of property taxes, in particular on the relationships between property taxes, house prices and the wider economy. The paper first estimates a fiscal reaction function which analysis the reaction of property tax revenues to house prices. It then analyses a house price reaction function looking at the relation of how house prices react to changes in property taxes. For a set of OECD countries, the results suggest that property taxes tend to be a-cyclical or slightly pro-cyclical. They provide a stable revenue source for sub-central governments but do not stabilise the economy. The results also suggest that an increase in property tax revenues or in the tax revenue-to-GDP share slows down house price increases and that higher property taxation tends to reduce house price volatility |
| Beschreibung: | 1 Online-Ressource (23 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5js0cqq93djg-en |
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Datensatz im Suchindex
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| doi_str_mv | 10.1787/5js0cqq93djg-en |
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| spelling | Blöchliger, Hansjörg Verfasser aut The stabilisation properties of immovable property taxation Evidence from OECD countries Hansjörg Blöchliger ... [et al] = Les propriétés stabilisatrices de la fiscalité des biens immobiliers : Données relatives aux pays de l'OCDE / Hansjörg Blöchliger ... [et al] Les propriétés stabilisatrices de la fiscalité des biens immobiliers Paris OECD Publishing 2015 1 Online-Ressource (23 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper contributes to the scarce literature on the macroeconomic effects of property taxes, in particular on the relationships between property taxes, house prices and the wider economy. The paper first estimates a fiscal reaction function which analysis the reaction of property tax revenues to house prices. It then analyses a house price reaction function looking at the relation of how house prices react to changes in property taxes. For a set of OECD countries, the results suggest that property taxes tend to be a-cyclical or slightly pro-cyclical. They provide a stable revenue source for sub-central governments but do not stabilise the economy. The results also suggest that an increase in property tax revenues or in the tax revenue-to-GDP share slows down house price increases and that higher property taxation tends to reduce house price volatility Economics Égert, Balázs ctb Alvarez, Bastien ctb Paciorek, Aleksandra ctb https://doi.org/10.1787/5js0cqq93djg-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Blöchliger, Hansjörg The stabilisation properties of immovable property taxation Evidence from OECD countries Economics |
| title | The stabilisation properties of immovable property taxation Evidence from OECD countries |
| title_alt | Les propriétés stabilisatrices de la fiscalité des biens immobiliers |
| title_auth | The stabilisation properties of immovable property taxation Evidence from OECD countries |
| title_exact_search | The stabilisation properties of immovable property taxation Evidence from OECD countries |
| title_exact_search_txtP | The stabilisation properties of immovable property taxation Evidence from OECD countries |
| title_full | The stabilisation properties of immovable property taxation Evidence from OECD countries Hansjörg Blöchliger ... [et al] = Les propriétés stabilisatrices de la fiscalité des biens immobiliers : Données relatives aux pays de l'OCDE / Hansjörg Blöchliger ... [et al] |
| title_fullStr | The stabilisation properties of immovable property taxation Evidence from OECD countries Hansjörg Blöchliger ... [et al] = Les propriétés stabilisatrices de la fiscalité des biens immobiliers : Données relatives aux pays de l'OCDE / Hansjörg Blöchliger ... [et al] |
| title_full_unstemmed | The stabilisation properties of immovable property taxation Evidence from OECD countries Hansjörg Blöchliger ... [et al] = Les propriétés stabilisatrices de la fiscalité des biens immobiliers : Données relatives aux pays de l'OCDE / Hansjörg Blöchliger ... [et al] |
| title_short | The stabilisation properties of immovable property taxation |
| title_sort | the stabilisation properties of immovable property taxation evidence from oecd countries |
| title_sub | Evidence from OECD countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5js0cqq93djg-en |
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