The Long-Run Effects of a Residential Property Tax and Local Public Services

The Long-Run Effects of a Residential Property Tax and Local Public Services

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Description

The long-run effects of a residential property tax and local public services are analyzed in the context of an urban spatial model. An endogenous labor market allows the local wage rate to adjust, in conjunction with residential and business land prices, in response to local fiscal changes.

Source Publication

The Economics of Housing

Source Editors/Authors

John M. Quigley

Publication Date

1997

Volume Number

II

The Long-Run Effects of a Residential Property Tax and Local Public Services

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