Lee, Soomi
Political economy of the parcel tax in California school districts / Soomi Lee .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Bibliografía.
This article examines the effect of home price distribution on the likelihood
of parcel tax adoption in California school districts. A parcel tax is a
regressive tax imposed as the same amount per unit of property regardless
of property values and requires a two-thirds supermajority vote to be
adopted. Despite the growing role that local parcel taxes have in funding
public education, it has not been fully understood how their regressive
nature influences adoption. I argue that because the regressive tax imposes
different marginal property tax rates for voters, the distribution of home
prices within a district determines the likelihood of parcel tax adoption.
Using the Heckman selection models with California school district–level
data, I find that a large gap in home values within a district significantly
lowers the likelihood of parcel tax adoption.
CENTROS DOCENTES
PROPIEDAD INMOBILIARIA
IMPUESTOS LOCALES
POLITICA ECONOMICA
IMPOSICION OPTIMA
CALIFORNIA
ESTADOS UNIDOS
Public Finance Review 0048-5853 v. 47, n. 5, September 2019, p. 864-892
Political economy of the parcel tax in California school districts / Soomi Lee .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Bibliografía.
This article examines the effect of home price distribution on the likelihood
of parcel tax adoption in California school districts. A parcel tax is a
regressive tax imposed as the same amount per unit of property regardless
of property values and requires a two-thirds supermajority vote to be
adopted. Despite the growing role that local parcel taxes have in funding
public education, it has not been fully understood how their regressive
nature influences adoption. I argue that because the regressive tax imposes
different marginal property tax rates for voters, the distribution of home
prices within a district determines the likelihood of parcel tax adoption.
Using the Heckman selection models with California school district–level
data, I find that a large gap in home values within a district significantly
lowers the likelihood of parcel tax adoption.
CENTROS DOCENTES
PROPIEDAD INMOBILIARIA
IMPUESTOS LOCALES
POLITICA ECONOMICA
IMPOSICION OPTIMA
CALIFORNIA
ESTADOS UNIDOS
Public Finance Review 0048-5853 v. 47, n. 5, September 2019, p. 864-892