THE EFFECT OF PROPERTY TAX RATE DIFFERENTIALS ON SINGLE‐FAMILY HOUSING STARTS IN WISCONSIN, 1978–1989*
利用威斯康星州县级数据，研究发现不同地区间的财产税率差异对独户住宅开工量有负面影响，相当于一种消费税效应。
ABSTRACT. A pooled cross‐section time‐series approach is used to test the hypothesis that differences in property tax rates between and across regions exert an excise‐tax impact on housing starts. Synthesizing the research regarding property tax incidence on housing markets and residential location with that of regional housing studies, an empirical model that allows for inter‐ and intraregional influences on housing starts is developed. Using county data from Wisconsin over a twelve‐year span, I find that property tax rate differentials have a negative effect on the construction of single‐family houses.