Rural Property Tax Delinquency and Recession in Agriculture
研究农业衰退如何导致农村县房产税拖欠率上升，发现农场债务资产比上升和收入下降会加剧拖欠，且当利率高于罚金率时拖欠被用作资本来源。
Abstract Agricultural recession causes the property tax delinquency rate to increase in rural counties. The annual volume of unpaid property taxes as a percent of the tax levy is regressed on the farm debt‐asset ratio, farm and nonfarm income, and the ratio of the interest rate to the delinquency penalty rate. Data from thirteen agriculturally‐dependent Indiana counties are used. Increases in the debt‐asset ratio and decreases in farm and nonfarm income are found to increase delinquency. Delinquency is also used as a source of capital when interest rates exceed the penalty rate.