Spreen, Thomas Luke
Temporary property tax relief and residential home sales / Thomas Luke Spreen and Colton Keddington
Resumen.
Bibliografía.
This paper tests whether temporary property tax relief influences sales of eligible properties. We examine the short-run impact of a new five-year property tax credit made available to long-tenured senior homeowners in Maryland using property-level assessment and transaction data. We find that the temporary credit resulted in a statistically insignificant and economically modest decline in sales of eligible properties. We also find no change in non-arm’s-length sales of eligible properties, which include foreclosures. The results suggest temporary property tax relief does not induce short-term lock-in effects among eligible homeowners.
https://doi.org/10.1086/725504
PROPIEDAD
IMPUESTOS
PROPERTY TAX
IMPUESTO SOBRE LA PROPIEDAD
REDUCCIONES TRIBUTARIAS
VIVIENDA
COMPRAVENTA
ESTADOS UNIDOS
Keddington, Colton
National Tax Journal, 0028-0283, v. 76, n. 3, September 2023, p. 593–620
Temporary property tax relief and residential home sales / Thomas Luke Spreen and Colton Keddington
Resumen.
Bibliografía.
This paper tests whether temporary property tax relief influences sales of eligible properties. We examine the short-run impact of a new five-year property tax credit made available to long-tenured senior homeowners in Maryland using property-level assessment and transaction data. We find that the temporary credit resulted in a statistically insignificant and economically modest decline in sales of eligible properties. We also find no change in non-arm’s-length sales of eligible properties, which include foreclosures. The results suggest temporary property tax relief does not induce short-term lock-in effects among eligible homeowners.
https://doi.org/10.1086/725504
PROPIEDAD
IMPUESTOS
PROPERTY TAX
IMPUESTO SOBRE LA PROPIEDAD
REDUCCIONES TRIBUTARIAS
VIVIENDA
COMPRAVENTA
ESTADOS UNIDOS
Keddington, Colton
National Tax Journal, 0028-0283, v. 76, n. 3, September 2023, p. 593–620