Is the Property Tax a Capital Tax?An Investigation of the "Capital Tax View" of the Property Tax
利用日本县级数据检验财产税是否由资本所有者承担，发现财产税对住房资产价格有显著负效应，但对土地价格影响不显著。
This paper examines whether or not the capital owners bear the burden of property taxes levied on capital (housing) using Japanese regional (prefectural) data. To do so, we follow the empirical framework of Wassmer (1993), which examines "Capital Tax View" of a property taxes. Empirical results show that while the effects of property taxes on capital are estimated to be negative and significant on the asset price of house, but have insignificant effect on the land price.