Political economy of the parcel tax in California school districts Soomi Lee
By: Lee, Soomi
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Material type: 
ArticlePublisher: 2019Subject(s): CENTROS DOCENTES | PROPIEDAD INMOBILIARIA | IMPUESTOS LOCALES | POLITICA ECONOMICA | IMPOSICION OPTIMA | CALIFORNIA | ESTADOS UNIDOSOnline resources: Click here to access online
In:
Public Finance Review v. 47, n. 5, September 2019, p. 864-892Summary: 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.
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| OP 581/2019/5 Public Finance Review | OP 581/2019/5-1 The mortgage interest deduction | OP 581/2019/5-2 Poverty and savings | OP 581/2019/5-3 Political economy of the parcel tax in California school districts | OP 581/2019/5-4 The returns to lobbying | OP 581/2019/5-5 The income tax compliance costs of private households | OP 581/2019/6 Public Finance Review |
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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.
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