Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18986
Authors: 
Aura, Saku
Davidoff, Thomas
Year of Publication: 
2005
Series/Report no.: 
CESifo Working Paper 1522
Abstract: 
We show that the optimal property tax rate rises with the ratio of land rents to structure and land development costs. California's high ratio of income to property tax revenue and the distribution of Federal housing subsidies thus appear geographically misplaced. Proportional taxation of non-housing commodities is not optimal, even when elasticities with respect to wages are identical. Absent externalities, the desirability of transportation taxes and ?antisprawl? growth controls hinge on the relative importance of time versus money in commuting costs.
JEL: 
R1
H21
Document Type: 
Working Paper

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