Housing Crisis and State and Local Government Tax Revenue - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Housing Crisis and State and Local Government Tax Revenue write by Byron Lutz. This book was released on 2011-05. Housing Crisis and State and Local Government Tax Revenue available in PDF, EPUB and Kindle. State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. The authors identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues, and personal income tax revenues. They find that property tax revenues do not tend to decrease following house price declines. The other four channels have had a relatively modest effect on state tax revenues. These channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2% of total state own-source revenues in 2005. Charts and tables. This is a print on demand publication.
The Housing Crisis and State and Local Government Tax Revenue
The Housing Crisis and State and Local Government Tax Revenue - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Housing Crisis and State and Local Government Tax Revenue write by Byron F. Lutz. This book was released on 2015. The Housing Crisis and State and Local Government Tax Revenue available in PDF, EPUB and Kindle. State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. We identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues (including a direct effect through construction materials and an indirect effect through the link between housing wealth and consumption), and personal income tax revenues. We find that property tax revenues do not tend to decrease following house price declines. We conclude that the resilience of property tax receipts is due to significant lags between market values and assessed values of housing and the tendency of policy makers to offset declines in the tax base with higher tax rates. The other four channels have had a relatively modest effect on state tax revenues. We calculate that these channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2 percent of total state own-source revenues in 2005. We conclude that the recent contraction in state and local tax revenues has been driven primarily by the general economic recession, rather than the housing market per-se.
Strong Towns
Strong Towns - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Strong Towns write by Charles L. Marohn, Jr.. This book was released on 2019-10-01. Strong Towns available in PDF, EPUB and Kindle. A new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you’ll learn why inducing growth and development has been the conventional response to urban financial struggles—and why it just doesn’t work. New development and high-risk investing don’t generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and improve citizens’ quality of life. Develop in-depth knowledge of the underlying logic behind the “traditional” search for never-ending urban growth Learn practical solutions for ameliorating financial struggles through low-risk investment and a grassroots focus Gain insights and tools that can stop the vicious cycle of budget shortfalls and unexpected downturns Become a part of the Strong Towns revolution by shifting the focus away from top-down growth toward rebuilding American prosperity Strong Towns acknowledges that there is a problem with the American approach to growth and shows community leaders a new way forward. The Strong Towns response is a revolution in how we assemble the places we live.
Housing Markets and the Economy
Housing Markets and the Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Housing Markets and the Economy write by Karl E. Case. This book was released on 2009. Housing Markets and the Economy available in PDF, EPUB and Kindle. Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.
Taxing Immovable Property Revenue Potential and Implementation Challenges
Taxing Immovable Property Revenue Potential and Implementation Challenges - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Taxing Immovable Property Revenue Potential and Implementation Challenges write by Mr.John Norregaard. This book was released on 2013-05-29. Taxing Immovable Property Revenue Potential and Implementation Challenges available in PDF, EPUB and Kindle. The tax on immovable property has been characterized as probably the most unpopular among tax instruments, in part because it is salient and hard to avoid. But economists continue to emphasize the virtues of the property tax owing to its relatively low efficieny costs, benign impact on growth, and high score on fairness. It is, therefore, generally considered to be underutilized in most countries. This paper takes stock of the arguments for using real property taxation, and presents an updated data-set for high-and middle income countries to illustrate its use. It also reflects the renewed and widespread interest in property tax reform globally, and discusses the many policy and administrative issues that must be carefully considered as prerequisites for successful property tax reform.
