Property Taxes and Residential Rents
利用美国住房调查和全国城市联盟数据，研究发现财产税率每提高一个标准差，住宅租金每年约增加400美元。
Property taxes are a fundamental source of revenue for local governments, constituting 73% of local government tax revenue in the United States. In this article, we empirically investigate the impact of residential property taxes on residential rents. Using data from the American Housing Survey and the National League of Cities, we estimate numerous specifications of a hedonic rent equation with comprehensive unit‐level, neighborhood‐level and city‐level controls. We find that a one standard deviation increase in the property tax rate raises residential rents by roughly $400 annually.