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When Do Property Taxes Matter? Tax Salience and Heterogeneous Policy Effects

Marina Gindelsky, Jeremy Moulton, Kelly Wentland, and Scott Wentland
This report, by Jeremy Moulton, investigates salience in the context of property taxes, exploring how accurately households perceive their property tax liabilities and what factors determine misperception.
May 19, 2023

Asymmetric Risk of Housing Distress from Property Tax Limitations

Sebastien Bradley, Da Huang, and Nathan Seegert
This report, by Sebastien Bradley, shows that property tax limitations can expose households to greater systematic risk despite reducing intertemporal variation in tax amounts overall. 
May 5, 2023

The Impact of Property Reassessment on Tax Equity and Household Expectations

Yoon-Jung Choi, Yilin Hou, and John Yinger
This report, by Yoon-Jung Choi, examines assessment disparities across racial and income groups and documents the impact of reassessment on this disparities.
April 21, 2023

Taxing Homeowners Who Won't Borrow

Francis Wong
This report, by Francis Wong, is the first study to document the role of non-neoclassical savings behavior in determining homeowners' responses to property taxes.
April 7, 2023

Property Tax Sales, Private Capital, and Gentrification in the U.S.

Cameron LaPoint
This report, by Cameron LaPoint, constructs a new nationwide registry of local tax sales to examine how property tax delinquencies facilitate institutional real estate investment in major U.S. metro areas, and the effects of these acquisitions on neighborhood composition and housing disparities.
March 24, 2023

Shocking Wealth: The Long-Term Impact of Housing Wealth Taxation

Matthijs Korevaar and Peter Koudijs
This report, by Matthijs Korevaar, provides the first empirical estimates of the long-run effects of shocks to property taxation on lifetime wealth accumulation and investment. 
March 10, 2023

Attribute (Mis)Reporting and Appraisal Bias

Michael D. Eriksen, Chun Kuang, and Wenyu Zhu
This report, by Michael Eriksen, assembles a property-level panel of appraiser reported attributes associated with 4.6 million loan applications from 2013 to 2017 to test whether attributes were consistently reported.
February 24, 2023

A Bad Bunch: Asset Value Under-Reporting in the Mumbai Real Estate Market

Santosh Anagol, Vimal Balasubramaniam, Tarun Ramadorai, and Antoine Uettwiller
This report, by Santosh Anagol, discusses a new method to estimate under-reporting, and employs it on large and granular administrative data from the Mumbai real estate market. 
February 10, 2023

Do Appraiser and Borrower Race Affect Valuation?

Edward Coulson, Brent W. Ambrose, James N. Conklin, Moussa Diop, and Luis A. Lopez
This report, by Edward Coulson, examines the incidence of racial bias in property appraisals using a nationwide sample of refinanced mortgages from 2000 to 2007.
January 27, 2023

Property Tax-Induced Mobility and Redistribution: Evidence from Mass Reappraisals

Rebecca Fraenkel
This report, by Rebecca Fraenkel, investigates the effect of property tax changes on individual homeowner mobility and voted tax rates using a panel of individual assessment and sales records in Ohio.
December 16, 2022

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Center for Policy Research
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