Broadening Benefits from Natural Resource Extraction: Housing Values and Taxation of Natural Gas Wells as Property
研究德克萨斯州天然气钻井导致的财产税基冲击如何影响住房价值，发现税基扩大降低了税率并提高了房价，但钻井密度可能降低房价。
Abstract We study the effects of the property tax base shock caused by natural gas drilling in the Barnett Shale in Texas—a state that taxes oil and gas wells as property. Over the boom and bust in drilling, housing appreciation closely followed the oil and gas property tax base, which expanded the total tax base by 23 percent at its height. The expansion led to a decline in property tax rates while maintaining or increasing revenues to schools. Overall, each $1 per student increase in the oil and gas property tax base increased the value of the typical home by $0.15. Some evidence suggests that the cumulative density of wells nearby may lower housing values, indicating that drilling could reduce local welfare without policies to increase local public revenues.