Property tax and urban sprawl: Theory and implications for US cities

نویسندگان

  • Yan Song
  • Yves Zenou
چکیده

This article attempts a formal analysis of the connection between property tax and urban sprawl in U.S. cities. We develop a theoretical model that includes households (who are also landlords) and land developers in a regional land market. We then test the model empirically based on a national sample of urbanized areas. The results we obtained from both theoretical and empirical analyses indicate that increasing property tax rates reduces the size of urbanized areas. J.E.L. Classification: H3, H71, R14

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تاریخ انتشار 2000