Tax Increment Financing Research Articles

Tax Increment Financing as a State Development Policy

Tax Increment Financing as a State Development Policy

The Death and Transfiguration of Benefit Taxation: Special Assessments in Nineteenth-Century America

Next article No AccessThe Death and Transfiguration of Benefit Taxation: Special Assessments in Nineteenth-Century AmericaStephen DiamondStephen Diamond Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by The Journal of Legal Studies Volume 12, Number 2Jun., 1983 Sponsored by The University of Chicago Law School Article DOIhttps://doi.org/10.1086/467722 Views: 10Total views on this site Citations: 7Citations are reported from Crossref Copyright 1983 The University of ChicagoPDF download Crossref reports the following articles citing this article:Patricia Moore Local Government: Special Assessments, (Jul 2016): 1–4.https://doi.org/10.1081/E-EPAP3-120044601Colin H. McCubbins Local Government Fragmentation, Finance, and Accountability, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2632764Rachel Weber, Sara O’Neill-Kohl The Historical Roots of Tax Increment Financing, or How Real Estate Consultants Kept Urban Renewal Alive, Economic Development Quarterly 27, no.33 (Aug 2013): 193–207.https://doi.org/10.1177/0891242413487018 Reconstructing the City Government, (Aug 2011): 150–183.https://doi.org/10.1017/CBO9780511993381.007Vladimir Kogan, Mathew D. McCubbins The Problem With Being Special, Public Works Management & Policy 14, no.11 (Aug 2009): 4–36.https://doi.org/10.1177/1087724X09333940Vladimir Kogan, Mathew D. McCubbins The Problem with Being Special: Democratic Values and Special Assessments, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1277522William A. Fischel The offer/ask disparity and just compensation for takings: A constitutional choice perspective, International Review of Law and Economics 15, no.22 (Jun 1995): 187–203.https://doi.org/10.1016/0144-8188(94)00005-F

Local Financial Dimensions of Tax Increment Financing: A Cost‐Revenue Analysis

Local Financial Dimensions of Tax Increment Financing: A Cost‐Revenue Analysis

The Impact of Proposition 13 on House Prices in Northern California: A Test of the Interjurisdictional Capitalization Hypothesis

it-wen Institute of Business and University of California, Economic Research Berkeley CENTER FOR REAL ESTATE AND URBAN ECONOMICS WOBKINGIPAPER SERIES These papers are preliminary ‘ ature; their purpose ' limul discussion comme . h re. they are not to be ' or quoted ‘ ny publication without express permission of the author. WORKING PAPER NO. 80-11 THE IMPACT OF PROPOSITION 13 ON HOUSE PRICES IN NORTHERN CALIFORNIA: A TEST OF THE INTERJURISDICTIONAL CAPITALIZATION HYPOTHESIS by Kenneth T. Rosen

Estimating Property Tax Capitalization: A Further Comment

Previous articleNext article No AccessConfirmations and ContradictionsEstimating Property Tax Capitalization: A Further CommentRaymond M. ReinhardRaymond M. Reinhard Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 89, Number 6Dec., 1981 Article DOIhttps://doi.org/10.1086/261033 Views: 13Total views on this site Citations: 26Citations are reported from Crossref Copyright 1981 The University of ChicagoPDF download Crossref reports the following articles citing this article:Seth H. Giertz, Rasoul Ramezani, Kurt J. Beron Property tax capitalization, a case study of Dallas County, Regional Science and Urban Economics 89 (Jul 2021): 103680.https://doi.org/10.1016/j.regsciurbeco.2021.103680Christian A. L. Hilber The Economic Implications of House Price Capitalization: A Synthesis, Real Estate Economics 45, no.22 (Dec 2015): 301–339.https://doi.org/10.1111/1540-6229.12129Kimberly Key, Teresa Lightner, Bing Luo The Effects of Property Taxes and Public Service Benefits on Housing Values: A County-Level Analysis, (Dec 2016): 1–31.https://doi.org/10.1108/S1058-749720160000023007Kimberly G. Key, Teresa A. Lightner The Relation between Business Property Values and Local Property Taxes, Journal of the American Taxation Association 37, no.11 (Oct 2014): 103–128.https://doi.org/10.2308/atax-50951Jeremy Grant Moulton, Bennie D. Waller, Scott Wentland Capitalization of Targeted Property Tax Relief in Home Prices: Evidence from Virginia Elections, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2661002Frank Peck, Simon Parry, Gail Mulvey, Keith Jackson, Ignazio Cabras, Jacqui Jackson The Role and Significance of Rates Relief for Supporting Businesses in Wales, Environment and Planning C: Government and Policy 32, no.66 (Dec 2014): 982–999.https://doi.org/10.1068/c1224bShaun A. Bond, Ben Gardiner, Peter Tyler The impact of enterprise zone tax incentives on local property markets in England: who actually benefits?, Journal of Property Research 30, no.11 (Mar 2013): 67–85.https://doi.org/10.1080/09599916.2012.721381David Stadelmann, Steve Billon Capitalisation of Fiscal Variables and Land Scarcity, Urban Studies 49, no.77 (Aug 2011): 1571–1594.https://doi.org/10.1177/0042098011415433Mustafa Öktem, Ju-Chin Huang Property tax shifting under imperfect competition, Applied Economics 43, no.22 (Jan 2011): 139–152.https://doi.org/10.1080/00036840802446614Christian A. L. Hilber The Economic Implications of House Price Capitalization: A Survey of an Emerging Literature, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.2403043David Stadelmann Which factors capitalize into house prices? A Bayesian averaging approach, Journal of Housing Economics 19, no.33 (Sep 2010): 180–204.https://doi.org/10.1016/j.jhe.2010.07.002Stacy Sirmans, Dean Gatzlaff, David Macpherson The History of Property Tax Capitalizationin Real Estate, Journal of Real Estate Literature 16, no.33 (Jun 2020): 327–344.https://doi.org/10.1080/10835547.2008.12090233David Stadelmann A Bayesian Averaging Approach to the Capitalization of Taxes, Public Goods and Location Specific Factors in the Price of Housing, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1017237David Stadelmann, Reiner Eichenberger The Ricardian Equivalence Versus Debt Capitalization in Local Public Finance, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1088261Deborah A. Carroll, Robert J. Eger Brownfields, Crime, and Tax Increment Financing, The American Review of Public Administration 36, no.44 (Jul 2016): 455–477.https://doi.org/10.1177/0275074006289645Theodore M. Crone Capitalization of the Quality of Local Public Schools: What Do Home Buyers Value?, SSRN Electronic Journal (Jan 2006).https://doi.org/10.2139/ssrn.928452 By Thomas S. Dee The Capitalization of Education Finance Reforms Dee, The Journal of Law and Economics 43, no.11 (Jul 2015): 185–214.https://doi.org/10.1086/467452William A. Fischel Municipal Corporations, Homeowners, and the Benefit View of the Property Tax, SSRN Electronic Journal (Jan 2000).https://doi.org/10.2139/ssrn.233210 Oded Palmon and Barton A. Smith New Evidence on Property Tax Capitalization Palmon & Smith, Journal of Political Economy 106, no.55 (Jul 2015): 1099–1111.https://doi.org/10.1086/250041Oded Palmon, Barton A Smith A New Approach for Identifying the Parameters of a Tax Capitalization Model, Journal of Urban Economics 44, no.22 (Sep 1998): 299–316.https://doi.org/10.1006/juec.1997.2072Keith Dowding, Peter John, Stephen Biggs Tiebout : A Survey of the Empirical Literature, Urban Studies 31, no.4-54-5 (May 1994): 767–797.https://doi.org/10.1080/00420989420080671Anwar M. Shah Empirical Tests for Allocative Efficiency in the Local Public Sector, Public Finance Quarterly 20, no.33 (Aug 2016): 359–377.https://doi.org/10.1177/109114219202000305Anwar Chaudry-Shah CAPITALIZATION AND THE THEORY OF LOCAL PUBLIC FINANCE: AN INTERPRETIVE ESSAY, Journal of Economic Surveys 2, no.33 (Sep 1988): 209–243.https://doi.org/10.1111/j.1467-6419.1988.tb00045.x References, (Jan 1988): 207–211.https://doi.org/10.1016/B978-0-12-771060-0.50014-6Ferdinand P. Schoettle A three-sector model for real property tax incedence, Journal of Public Economics 27, no.33 (Aug 1985): 355–370.https://doi.org/10.1016/0047-2727(85)90056-8G. Donald Jud Public Schools and Urban Development, Journal of the American Planning Association 51, no.11 (Nov 2007): 74–83.https://doi.org/10.1080/01944368508976803

Variations in Development Subsidies under Tax Increment Financing

In the face of increasingly scarce federal community development grants and in an effort to encourage the renewal of deteriorated sections of many urban areas, states have become interested in tax increment financing (TIF) as a way of providing development incentives to their local units of government.1 Tax increment financing laws typically allow cities or local development authorities to recover certain development expenditures that they make in specially created districts from a portion of the property tax revenues realized by the county, school district, and other local taxing jurisdictions.2 States are attracted to TIF largely because of their concern that cities will not engage in socially desirable development or redevelopment efforts, such as slum clearance or blight elimination, when faced with the incentives inherent in the existing property tax system. Without TIF, cities often bear the cost of development alone, while several local taxing jurisdictions share the development benefit-narrowly defined as increased property tax revenues. The resultant distribution of costs and benefits leads to perceptions of inequities and disincentives for development, as reflected by the legislative declaration for the Wisconsin TIF legislation:

Constitutional Issues in Tax Increment Financing

Abstract TIF in the Redevelopment Context Eighteen states have enacted legislation permitting local governments to recover costs through tax increment financing (TIF) programs.1 By using TIF, a local government can establish a redevelopment fund that would consist of expected tax revenue increases from land development in the project area. The TIF fund can be either used to pay for improvements in the redevelopment district or pledged to the retirement of bonds issued by the redevelopment authority or the municipality.

Points: Tap water for electrocardiographic recordings

Local governments have multiple options to secure financing for infrastructure projects, including using tax-increment financing (TIF) bonds. Although the TIF concept brings numerous benefits, it is also associated with several key challenges, including characterizing the uncertainty in tax increment revenue as the most prominent challenge. This article presents a framework that aims to help all market stakeholders better understand the credit risk associated with TIF bonds. The framework focuses on reconstituting the asset credit risk profile and detecting early warning signals of changing conditions. The key benefit of the proposed framework is its capacity to use publically available time series data. The case study illustrating the framework is based on the “Uptown Development Authority” bond, structured to support redevelopment projects in Houston, Texas.

Community Environment, Zoning, and the Market Value of Single-Family Homes

Community Environment, Zoning, and the Market Value of Single-Family Homes