Download or read book Property Taxes and Elderly Mobility written by Hui Shan and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent housing market boom in the U.S. has caused sharp increases in residential property taxes. Housing-rich but income-poor elderly homeowners often complain about rising tax burdens, and anecdotal evidence suggests that some move to reduce their tax burden. There has been little systematic analysis, however, of the link between property tax levels and the mobility rate of elderly homeowners. This paper investigates this link using household-level panel data from the Health and Retirement Study (HRS) and a newly collected dataset on state-provided property tax relief programs. These relief programs generate variation in effective property tax burdens that is not due solely to arguably endogenous local community choices about taxes and expenditure programs. The findings provide evidence suggesting that higher property taxes raise mobility among elderly homeowners. The point estimates from instrumental variable estimation using relief programs to generate instruments suggest that a $100 increase in annual property taxes is associated with a 0.76 percentage point increase in the two-year mobility rate for homeowners over the age of 50. This is an eight percent increase from the baseline two-year mobility rate of nine percent. These results are robust to alternative specifications.
Download or read book Voters Hold the Key written by Ron Cheung and published by DIANE Publishing. This book was released on 2011-05 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Calif. voters approved Prop. 13 in 1978, 15 states have enacted caps on the annual growth in assessed property values. Some argue that support for tax limitations is driven not by perceptions of gov¿t. inefficiency but by reasonable expectations of who will ultimately bear the tax limitation's burden. This paper explores this view by exploiting the differential tax treatment generated by assessment caps in the context of a recent, novel referendum in Florida. The authors examine voter support for a 2008 constitutional amendment that included a provision making the existing assessment cap portable within the state. High potential tax savings and high expected mobility rates result in higher support for portability. Illus. A print on demand report.
Download or read book Property Tax Relief Programs for the Elderly written by Abt Associates and published by . This book was released on 1976 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Tax Relief Programs for the Elderly written by Abt Associates and published by . This book was released on 1975 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Taxes and Elderly Labor Supply written by Hui Shan and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent housing market boom in the U.S. has caused sharp increases in residential property taxes. Anecdotal evidence suggests that rising property taxes have induced elderly homeowners to increase their labor supply. This paper uses 1992-2004 panel data from the Health and Retirement Study (HRS) as well as a newly collected dataset on state-provided property tax relief programs to investigate the effect of property taxes on the labor supply of elderly homeowners. It is the first rigorous study on the link between property taxes and elderly labor supply. I examine both the extensive margin - whether elderly homeowners delay retirement or reenter the labor market in the face of rising property taxes, and the intensive margin - whether elderly homeowners work longer hours when property taxes increase. A simulated IV approach is used to address the potential endogeneity problem associated with property taxes. I find little evidence that property taxes have a significant impact on elderly homeowners' decisions to retire, to re-enter the labor force, or to increase working hours.
Download or read book Elderly Homeowners and the Property Tax written by and published by . This book was released on 1989 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Tax Exemptions for Senior Citizens written by Margaret Greenfield and published by . This book was released on 1966 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rotterdam Hellevoetsluis written by and published by . This book was released on 1795 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Taxes and Elderly Mobility written by Hui Shan and published by . This book was released on 2008 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Voters Hold the Key written by Ron Cheung and published by . This book was released on 2009 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mobility and General Equilibrium Incidence of the Property Tax written by Jan K. Brueckner and published by . This book was released on 1978 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Elderly Property Tax Freeze written by John Rappa and published by . This book was released on 1999 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses whether towns could freeze property taxes for elderly homeowners.
Download or read book Property Tax Relief Programs for the Elderly written by Abt Associates and published by . This book was released on 1975 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Policy Housing Markets and Elderly Homeowners written by Hui Shan (Ph. D.) and published by . This book was released on 2008 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: (Cont.) Chapter Three investigates the effect of property taxes on elderly homeowners labor supply decisions, using similar data and empirical strategy employed in Chapter Two. I examine both the extensive margin - whether elderly homeowners' delay retirement or reenter the labor force in the face of rising property taxes, and the intensive margin - whether elderly homeowners work longer hours when property taxes increase. I find little evidence that property taxes have a significant impact on elderly labor supply.
Download or read book Are Property Taxes Forcing the Elderly Out of Their Homes written by Rebecca Boldt and published by . This book was released on 2010 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: An often-heard justifications state policymakers give for enacting property tax limitations is the assertion that without such limits rising property taxes would force many elderly homeowners to sell their homes. Surprisingly, there has been relatively little empirical research aimed at determining whether the property tax does in fact drive elderly homeowners from their homes. In this paper, we estimate a probit model of the decision to move using a large panel data set that includes data on annual changes in property tax liabilities of all homeowners in Wisconsin. We find that for homeowners under the age of 80, increases in the property tax have almost no impact on decisions to move. Only for homeowners above the age of 79, do large increases in property taxes increase the probability of moving. Even for this group of old elderly, the impact of increases in property taxes on decisions to move is small. We estimate that in 2005, only 1 in 600 Wisconsin homeowners over the age of 79 moved because their property taxes grew at an above-median rate.
Download or read book Real Property Tax Exemption for Low income Elderly Homeowners written by Janet Sibley White and published by . This book was released on 1983 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Tax Relief Programs for the Elderly written by Gilbert W. Fairholm and published by . This book was released on 1978 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
