Replication data for: Quasi-Experimental Evidence on the Connection between Property Taxes and Residential Capital Investment
- Lutz, Byron
AbstractDo low property taxes attract new home construction? This question is answered using a large shock to property tax burdens caused by an unusual school finance reform in the state of New Hampshire. The estimates suggest that, in most of the state, communities with a reduced tax burden experience a substantial increase in residential construction. In the area of the state near the region's primary urban center (Boston), however, the shock clears through a price adjustment—i.e., by capitalizing into property values. The differing responses are attributed to differing housing supply elasticities. (JEL H71, H73, R31)
Is supplement to
DOI: 10.1257/pol.20120017 (Text)
Lutz, Byron. “Quasi-Experimental Evidence on the Connection between Property Taxes and Residential Capital Investment.” American Economic Journal: Economic Policy 7, no. 1 (February 2015): 300–330. https://doi.org/10.1257/pol.20120017.
- ID: 10.1257/pol.20120017 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13