重新审视财产税资本化

IF 3.5 2区 经济学 Q1 ECONOMICS
Xueying Lyu
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引用次数: 0

摘要

本文研究了在上海试点累进房产税背景下房产税资本化的程度。我采用差分法,比较了房产税实施前后不同税率的居民区。房产税边际税率高出 0.2 个百分点的居民区,其房价相对于同类居民区下降了约 2.73%。这一结果反映了至少 71% 的预期房产税负债在一年内被资本化到了房价中。这些变化也意味着财富的大幅再分配,相当于房主 2.68 年的平均可支配收入。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Revisiting property tax capitalization

This paper investigates the extent of property tax capitalization in the context of a progressive property tax pilot in Shanghai. I utilize a difference-in-differences approach by comparing neighborhoods with different tax rates before and after the implementation of the property taxes. Neighborhoods with a 0.2 percentage point higher marginal property tax rate experience a roughly 2.73% decrease in housing prices relative to their counterparts. The result reflects that at least 71% of expected property tax liabilities are capitalized into housing prices in a year. These changes also imply a large wealth redistribution as large as 2.68 years of average disposable income across homeowners.

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来源期刊
CiteScore
5.30
自引率
9.70%
发文量
63
期刊介绍: Regional Science and Urban Economics facilitates and encourages high-quality scholarship on important issues in regional and urban economics. It publishes significant contributions that are theoretical or empirical, positive or normative. It solicits original papers with a spatial dimension that can be of interest to economists. Empirical papers studying causal mechanisms are expected to propose a convincing identification strategy.
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