Property tax policy and housing affordability / Emily Horton, Cameron LaPoint, Byron Lutz, Nathan Seegert, and Jared Walczak
Bibliografía.
We examine property tax reduction as a tool for increasing housing affordability. Analyzing various tax reduction policies through the lens of property tax incidence reveals a complex relationship between affordability and property taxes, with differential effects across demographic groups. Many policies often fail to improve affordability for young first-time homebuyers and renters, sometimes worsening affordability. We present a new nationwide atlas documenting the prevalence of local measures altering property tax burdens. Quasi-experimental evidence from Georgia’s homestead exemption valuation freezes suggests strong capitalization of assessment limits into home values, reinforcing that property tax relief may worsen affordability for first-time buyers.
BIENES INMUEBLES
IMPUESTOS
VIVIENDA
VALORACION
EXENCIONES TRIBUTARIAS
Horton, Emily
National Tax Journal 0028-0283 v.77, n.4, december 2024, p. 861-901